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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible List] License License License License
Collaboration revenue $ 0 $ 1,609 $ 0 $ 2,724
Operating expenses:        
Research and development 8,680 19,239 18,599 35,503
General and administrative 4,352 5,332 8,822 10,227
Expense from operations 13,032 24,571 27,421 45,730
Loss from operations (13,032) (22,962) (27,421) (43,006)
Other income 574 1,410 1,261 2,950
Net loss (12,458) (21,552) (26,160) (40,056)
Unrealized gain (loss) on investments 1 9 (1) (9)
Comprehensive loss $ (12,457) $ (21,543) $ (26,161) $ (40,065)
Net loss per share – basic (in dollars per share) $ (0.24) $ (0.42) $ (0.51) $ (0.79)
Net loss per share – diluted (in dollars per share) $ (0.24) $ (0.42) $ (0.51) $ (0.79)
Weighted-average shares outstanding – basic (in shares) 51,002,247 50,791,241 50,984,031 50,678,818
Weighted-average shares outstanding – diluted (in shares) 51,002,247 50,791,241 50,984,031 50,678,818