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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Collaboration arrangement revenue $ 0 $ 2,947
Operating expenses:    
Research and development 9,841 7,910
General and administrative 5,002 2,410
Total operating expenses 14,843 10,320
Loss from operations (14,843) (7,373)
Change in fair value of convertible notes 15,890 (43)
Other income (expense), net 158 578
Total other income (expense), net 16,048 535
Income (loss) before provision for income taxes 1,205 (6,838)
Loss from equity method investment (176) 0
Net income (loss) $ 1,029 $ (6,838)
Net income (loss) per share - basic $ 1.03 $ (19.84)
Net income (loss) per share - diluted $ (6.33) $ (19.84)
Weighted-average common shares - basic 995,280 344,623
Weighted-average common shares - diluted 2,334,180 344,623