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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 94,917 $ 130,101
Marketable securities, short-term 120,517 47,504
Prepaid expenses and other current assets 3,164 2,724
Total current assets 218,598 180,329
Marketable securities, long-term 67,270 15,837
Restricted cash 189 0
Property and equipment, net 123 165
Right-of-use asset 2 105
Other assets 189 151
Total assets 286,371 196,587
Current liabilities    
Accounts payable 1,362 1,640
Accrued clinical trial expenses 1,566 2,717
Accrued expenses and other current liabilities 3,168 3,350
Operating lease liability 2 105
Total current liabilities 6,098 7,812
Total liabilities 6,098 7,812
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 57,910,461 and 41,025,062 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 6 4
Additional paid-in capital 487,077 359,949
Accumulated deficit (206,301) (170,427)
Accumulated other comprehensive loss (509) (751)
Total stockholders’ equity 280,273 188,775
Total liabilities and stockholders’ equity $ 286,371 $ 196,587