Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 20,044	$ 17,198
Investments	96,548	131,864
Restricted cash	285	285
Prepaid expenses and other current assets	5,948	3,629
Total current assets	122,825	152,976
Restricted cash	385	385
Property and equipment, net	251	385
Operating lease right of use assets	1,624	2,133
Total assets	125,085	155,879
Current liabilities:
Accounts payable	3,988	4,786
Accrued expenses	7,650	5,426
Operating lease liabilities, current	1,695	1,606
Total current liabilities	13,333	11,818
Operating lease liabilities, noncurrent	761	1,633
Total liabilities	14,094	13,451
Stockholders' equity
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at June 30, 2025 and December 31, 2024.	0	0
Common stock, $0.0001 par value; 300,000,000 shares authorized, 12,254,069 and 12,179,482 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	1	1
Additional paid-in capital	622,562	619,285
Accumulated deficit	(511,533)	(476,893)
Accumulated other comprehensive (loss) gain	(39)	35
Total stockholders’ equity	110,991	142,428
Total liabilities and stockholders’ equity	$ 125,085	$ 155,879