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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 67,955 $ 66,886
Marketable securities, short-term 192,517 176,636
Prepaid expenses and other current assets 6,443 3,093
Total current assets 266,915 246,615
Marketable securities, long-term 20,908 62,553
Right-of-use asset 325 381
Restricted cash 235 233
Property and equipment, net 105 122
Other assets 425 221
Total assets 288,913 310,125
Current liabilities    
Accounts payable 4,211 1,379
Accrued clinical trial expenses 7,027 4,387
Accrued expenses and other current liabilities 4,004 6,339
Finance lease liability, short-term 0 756
Operating lease liability, short-term 125 110
Total current liabilities 15,367 12,971
Operating lease liability, long-term 219 284
Debt, long-term 29,380 29,897
Total liabilities 44,966 43,152
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 60,079,778 and 57,910,461 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 6 6
Additional paid-in capital 502,313 489,453
Accumulated deficit (258,208) (222,798)
Accumulated other comprehensive income (loss) (164) 312
Total stockholders’ equity 243,947 266,973
Total liabilities and stockholders’ equity $ 288,913 $ 310,125