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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating expenses:    
Research and development $ 144,101 $ 114,243
General and administrative 48,849 49,919
Total operating expenses 192,950 164,162
Loss from operations (192,950) (164,162)
Interest income and other, net 25,490 29,224
Loss before income taxes (167,460) (134,938)
Income tax expense (925) (1,018)
Net loss (168,385) (135,956)
Other comprehensive income    
Unrealized gain on available-for-sale investments 26 891
Comprehensive loss $ (168,359) $ (135,065)
Net loss per share - basic and diluted    
Net loss per share - basic $ (2.00) $ (1.63)
Net loss per share - diluted $ (2.00) $ (1.63)
Weighted-average number of common shares - basic and diluted    
Weighted-average number of common shares - basic 84,264,715 83,389,750
Weighted-average number of common shares - diluted 84,264,715 83,389,750