Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 48,493	$ 89,423
Marketable securities	516,327	513,665
Prepaid expenses and other current assets	4,948	5,386
Total current assets	569,768	608,474
Other non-current assets	10	10
TOTAL ASSETS	569,778	608,484
CURRENT LIABILITIES
CVR liability	42,810	25,080
Accrued and other current liabilities	21,631	27,711
Total current liabilities	70,678	54,060
Non-current CVR liability	16,490	36,620
TOTAL LIABILITIES	87,168	90,680
Commitments and Contingencies (Note 6 and 7)
STOCKHOLDERS’ EQUITY
Common stock, $0.0001 par value; 400,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 60,275,561 shares and 60,257,023 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.	13	13
Additional paid-in capital	1,343,300	1,334,223
Accumulated other comprehensive income	682	180
Accumulated deficit	(1,017,205)	(972,432)
TOTAL STOCKHOLDERS’ EQUITY	482,610	517,804
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY	569,778	608,484
Series A Non Voting Convertible Preferred Stock
STOCKHOLDERS’ EQUITY
Series A non-voting convertible preferred stock & preferred stock shares authorized, issued, and outstanding, value	146,425	146,425
Series B Non Voting Convertible Preferred Stock
STOCKHOLDERS’ EQUITY
Series A non-voting convertible preferred stock & preferred stock shares authorized, issued, and outstanding, value	9,395	9,395
Preferred Stock, Excluding Series A Non Voting Convertible Preferred Stock
STOCKHOLDERS’ EQUITY
Series A non-voting convertible preferred stock & preferred stock shares authorized, issued, and outstanding, value	0	0
Related Party
CURRENT LIABILITIES
Related party accounts payable	2,548	603
Nonrelated Party
CURRENT LIABILITIES
Accounts payable	$ 3,689	$ 666