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Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses        
Research and development $ 19,533 $ 9,133 $ 31,982 $ 17,846
General and administrative 4,848 4,345 10,173 8,767
Total operating expenses 24,381 13,478 42,155 26,613
Loss from operations (24,381) (13,478) (42,155) (26,613)
Other income (expense)        
Interest income 3,816 1,884 7,821 3,716
Interest expense (1,004) 0 (2,004) 0
Change in fair value of embedded derivatives 1,100 0 1,050 0
Other expense, net (68) (16) (122) (20)
Total other income 3,844 1,868 6,745 3,696
Net loss (20,537) (11,610) (35,410) (22,917)
Other comprehensive gain (loss)        
Unrealized loss on marketable securities (20) (122) (476) 105
Comprehensive loss $ (20,557) $ (11,732) $ (35,886) $ (22,812)
Net loss per common share, basic (in dollars per share) $ (0.34) $ (0.28) $ (0.59) $ (0.56)
Net loss per common share, diluted (in dollars per share) $ (0.34) $ (0.28) $ (0.59) $ (0.56)
Weighted-average shares outstanding, basic (in shares) 60,079,778 41,025,062 59,945,889 41,025,062
Weighted-average shares outstanding diluted (in shares) 60,079,778 41,025,062 59,945,889 41,025,062