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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Statements of Operations and Comprehensive (Loss) Income      
Collaboration revenue $ 80,001 $ 250,008 $ 40,907
Operating expenses:      
Research and development 127,368 92,172 60,764
General and administrative 35,920 35,822 30,980
Total operating expenses 163,288 127,994 91,744
Operating (loss) income (83,287) 122,014 (50,837)
Other income, net:      
Interest income 18,328 11,721 1,792
Other income 622 3 2,653
Total other income, net 18,950 11,724 4,445
(Loss) income before income taxes (64,337) 133,738 (46,392)
Income tax provision 665 1,408 16
Net (loss) income (65,002) 132,330 (46,408)
Other comprehensive (loss) income      
Net unrealized (loss) gain on available-for-sale-securities (359) 171 (81)
Total other comprehensive (loss) income (359) 171 (81)
Comprehensive (loss) income $ (65,361) $ 132,501 $ (46,489)
Net (loss) income per share, basic (in Dollars per share) $ (1.13) $ 3.08 $ (1.21)
Net (loss) income per share, diluted (in Dollars per share) $ (1.13) $ 2.97 $ (1.21)
Weighted-average common shares outstanding, basic (in shares) 57,667,543 43,020,747 38,356,810
Weighted-average common shares outstanding, diluted (in shares) 57,667,543 44,569,334 38,356,810