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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Collaboration revenue $ 20,558 $ 59,120
Operating expenses:    
Research and development 32,074 28,608
General and administrative 10,274 9,399
Total operating expenses 42,348 38,007
(Loss) income from operations (21,790) 21,113
Other income:    
Interest and other income 4,441 4,214
Total other income 4,441 4,214
(Loss) income before provision for income taxes (17,349) 25,327
Provision for income taxes 0 1,831
Net (loss) income $ (17,349) $ 23,496
Net (loss) income per share, basic (in dollars per share) $ (0.42) $ 0.70
Net (loss) income per share, diluted (in dollars per share) $ (0.42) $ 0.68
Weighted-average common shares outstanding, basic (in shares) 41,073,732 33,497,072
Weighted-average common shares outstanding, diluted (in shares) 41,073,732 34,790,925
Other comprehensive income (loss):    
Unrealized gain (loss) on marketable securities $ 480 $ (441)
Total other comprehensive income (loss) 480 (441)
Total comprehensive (loss) income $ (16,869) $ 23,055