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Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses        
Research and development $ 74,226 $ 54,533 $ 145,112 $ 97,338
General and administrative 14,580 10,394 28,083 18,606
Total operating expenses 88,806 64,927 173,195 115,944
Loss from operations (88,806) (64,927) (173,195) (115,944)
Interest income and other income, net 11,315 12,155 23,526 23,600
Net loss (77,491) (52,772) (149,669) (92,344)
Unrealized gains (losses) on marketable securities (64) (493) 709 (1,978)
Comprehensive loss $ (77,555) $ (53,265) $ (148,960) $ (94,322)
Net loss per common share, basic $ (0.88) $ (0.68) $ (1.69) $ (1.21)
Net loss per common share, diluted $ (0.88) $ (0.68) $ (1.69) $ (1.21)
Weighted-average common shares outstanding, basic 88,472,197 77,962,730 88,414,586 76,535,607
Weighted-average common shares outstanding, diluted 88,472,197 77,962,730 88,414,586 76,535,607