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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Collaboration arrangement revenue $ 0 $ 3,205 $ 0 $ 6,152
Operating expenses:        
Research and development 13,411 8,017 23,252 15,927
General and administrative 4,508 2,463 9,510 4,873
Total operating expenses 17,919 10,480 32,762 20,800
Loss from operations (17,919) (7,275) (32,762) (14,648)
Change in fair value of convertible notes 0 1,303 15,890 1,260
Other income (expense), net 2,390 165 2,548 743
Total other income (expense), net 2,390 1,468 18,438 2,003
Loss before provision for income taxes (15,529) (5,807) (14,324) (12,645)
Loss from equity method investment (1,449) 0 (1,625) 0
Net loss $ (16,978) $ (5,807) $ (15,949) $ (12,645)
Net loss per share - basic $ (1.42) $ (16.69) $ (2.46) $ (36.52)
Net loss per share - diluted $ (1.42) $ (16.69) $ (4.44) $ (36.52)
Weighted-average common shares - basic 11,964,224 347,936 6,479,752 346,288
Weighted-average common shares - diluted 11,964,224 347,936 7,149,202 346,288