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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 399 $ 988 $ 1,039 $ 3,667
Operating expenses:        
Research and development 58,344 40,640 111,685 79,108
General and administrative 24,838 13,343 45,666 25,532
Total operating expenses 83,182 53,983 157,351 104,640
Loss from operations (82,783) (52,995) (156,312) (100,973)
Other income (expense):        
Interest income 8,741 2,107 16,061 4,145
Other expense, net (13) (91) (264) (146)
Total other income, net 8,728 2,016 15,797 3,999
Loss before equity method investment (74,055) (50,979) (140,515) (96,974)
Loss on equity method investment 0 0 (470) 0
Net loss $ (74,055) $ (50,979) $ (140,985) $ (96,974)
Net loss per share:        
Net loss per share - basic $ (0.94) $ (0.94) $ (1.86) $ (1.79)
Net loss per share - diluted $ (0.94) $ (0.94) $ (1.86) $ (1.79)
Weighted average shares - basic 79,008 54,275 75,690 54,092
Weighted average shares - diluted 79,008 54,275 75,690 54,092
Other comprehensive income (loss):        
Unrealized gain (loss) on investment securities $ (340) $ 809 $ (1,167) $ 2,226
Comprehensive loss $ (74,395) $ (50,170) $ (142,152) $ (94,748)