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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Collaboration revenue $ 7,874 $ 15,083 $ 11,548 $ 30,976
Operating expenses:        
Research and development 27,611 46,314 61,252 91,481
General and administrative 14,401 14,375 29,129 28,809
Total operating expenses 42,012 60,689 90,381 120,290
Loss from operations (34,138) (45,606) (78,833) (89,314)
Other income, net 3,614 7,003 7,838 14,639
Loss before income taxes (30,524) (38,603) (70,995) (74,675)
Income tax expense 0 73 0 80
Net loss (30,524) (38,676) (70,995) (74,755)
Unrealized loss on marketable securities (95) (217) (165) (804)
Comprehensive loss $ (30,619) $ (38,893) $ (71,160) $ (75,559)
Net loss per share, basic $ (0.3) $ (0.4) $ (0.71) $ (0.78)
Net loss per share, diluted $ (0.3) $ (0.4) $ (0.71) $ (0.78)
Shares used in computing net loss per share, basic 100,371,632 96,674,921 99,887,605 95,242,548
Shares used in computing net loss per share, diluted 100,371,632 96,674,921 99,887,605 95,242,548