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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses:        
Research and development $ 18,826 $ 15,183 $ 38,796 $ 27,063
General and administrative 5,777 4,951 11,794 9,489
Total operating expenses 24,603 20,134 50,590 36,552
Loss from operations (24,603) (20,134) (50,590) (36,552)
Other income (expense), net        
Interest income 4,086 3,413 7,336 5,107
Change in fair value of contingent value right liability 800 0 800 0
Income tax expense (232)   (232)  
Other expense (1) 0 (2) 0
Total other income (expense), net 4,653 3,413 7,902 5,107
Net loss (19,950) (16,721) (42,688) (31,445)
Other comprehensive income (loss):        
Net unrealized losses on marketable securities (86) (111) (280) (111)
Comprehensive loss $ (20,036) $ (16,832) $ (42,968) $ (31,556)
Net loss per share, basic $ (0.41) $ (0.41) $ (0.95) $ (1.05)
Net loss per share, diluted $ (0.41) $ (0.41) $ (0.95) $ (1.05)
Weighted-average shares outstanding, basic 48,075,035 40,961,024 45,060,322 29,862,182
Weighted-average shares outstanding, diluted 48,075,035 40,961,024 45,060,322 29,862,182