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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating expenses:      
Research and development $ 476,644 $ 332,341 $ 169,451
Acquired manufacturing rights (Note 7) 0 75,000 22,995
General and administrative 92,902 60,700 39,810
Total operating expenses 569,546 468,041 232,256
Loss from operations (569,546) (468,041) (232,256)
Other income (expense), net:      
Interest expense 0 0 (2)
Interest income 109,994 62,907 8,356
Other income (expense) (4,375) 2,868 417
Total other income, net 105,619 65,775 8,771
Net loss $ (463,927) $ (402,266) $ (223,485)
Net loss per share, basic (in dollars per share) $ (3.80) $ (4.14) $ (3.44)
Net loss per share, diluted (in dollars per share) $ (3.80) $ (4.14) $ (3.44)
Weighted-average shares outstanding, basic (in shares) 121,997,348 97,157,690 64,877,988
Weighted-average shares outstanding, diluted (in shares) 121,997,348 97,157,690 64,877,988