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STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating expenses    
Research and development $ 42,318 $ 32,361
General and administrative 18,820 12,876
Total operating expenses 61,138 45,237
Loss from operations (61,138) (45,237)
Other income (expense)    
Interest income 10,791 2,392
Change in fair value of embedded derivatives (1,360) 0
Interest expense (581) 0
Other expense, net (83) (11)
Total other income 8,767 2,381
Net loss (52,371) (42,856)
Other comprehensive gain (loss)    
Unrealized gain (loss) on marketable securities 1,063 (520)
Comprehensive loss $ (51,308) $ (43,376)
Net loss per common share, basic (in dollars per share) $ (1.08) $ (1.06)
Net loss per common share, diluted (in dollars per share) $ (1.08) $ (1.06)
Weighted-average shares outstanding, basic (in shares) 48,609,383 40,601,936
Weighted-average shares outstanding diluted (in shares) 48,609,383 40,601,936