BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 169,735	$ 47,478
Marketable securities	61,320	111,384
Prepaid expenses and other current assets	4,181	2,920
Total current assets	235,236	161,782
Property and equipment, net	1,367	2,448
Operating lease right-of-use assets	3,333	5,228
Other assets	389	3,871
Total assets	240,325	173,329
Current liabilities:
Accounts payable	1,275	5,176
Accrued expenses	9,597	14,103
License fees payable	35,000
Operating lease liabilities, current	2,422	2,448
Other current liabilities	57	109
Total current liabilities	48,351	21,836
Operating lease liabilities, non-current	2,070	4,458
Total liabilities	50,421	26,294
Commitments (see note 6)
Stockholders' equity:
Preferred stock, $0.0001 par value: 50,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.0001 par value; 500,000,000 shares authorized; 132,006,828 and 34,398,312 shares issued and outstanding at December 31, 2024 and 2023, respectively	13	3
Additional paid-in capital	804,388	631,611
Accumulated other comprehensive income	50	103
Accumulated deficit	(614,547)	(484,682)
Total stockholders' equity	189,904	147,035
Total liabilities and stockholders' equity	$ 240,325	$ 173,329