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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development 22,785 18,379 70,657 43,304
General and administrative 13,771 8,886 34,026 28,238
Total operating expenses 36,556 27,265 104,683 71,542
Loss from operations (36,556) (27,265) (104,683) (71,542)
Other income (expense):        
Amortization of financing costs (24) (2) (70) (62)
Interest income, net 11,531 4,733 30,096 10,314
Realized gain on investments, net 109 0 111 0
Total other income, net 11,616 4,731 30,137 10,252
Net loss (24,940) (22,534) (74,546) (61,290)
Other comprehensive loss, net of tax:        
Unrealized gain on securities 3,902 221 2,079 305
Foreign currency translation gain (loss) 2 (86) (58) (108)
Comprehensive loss $ (21,036) $ (22,399) $ (72,525) $ (61,093)
Basic net loss per common share $ (0.22) $ (0.23) $ (0.69) $ (0.66)
Diluted net loss per common share $ (0.22) $ (0.23) $ (0.69) $ (0.66)
Weighted-average shares used to compute basic net loss per share 110,910,704 99,845,733 108,262,427 92,481,155
Weighted-average shares used to compute diluted net loss per share 110,910,704 99,845,733 108,262,427 92,481,155