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Condensed Consolidated Statements of Operations and Comprehensive Loss - 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 $ 18,070 $ 10,253 $ 31,148 $ 16,100
General and administrative 5,997 2,492 11,637 4,804
Total operating expenses 24,067 12,745 42,785 20,904
Loss from operations (22,204) (11,776) (40,048) (19,459)
Other income/(expense):        
Interest income 4,708 687 8,930 1,293
Loss on currency exchange, net (31) (28) (43) (37)
Other expense (80) (23) (194) (26)
Total other income 4,597 636 8,693 1,230
Net loss $ (17,607) $ (11,140) $ (31,355) $ (18,229)
Net loss per share attributable to common stockholders, basic $ (0.51) $ (12.73) $ (0.99) $ (20.84)
Net loss per share attributable to common stockholders, diluted $ (0.51) $ (12.73) $ (0.99) $ (20.84)
Weighted-average number of shares of common stock outstanding including shares issuable under equity-classified pre-funded warrants, used in computing net loss per share of common stock, basic 34,227,038 874,900 31,794,881 874,805
Weighted-average number of shares of common stock outstanding including shares issuable under equity-classified pre-funded warrants, used in computing net loss per share of common stock, diluted 34,227,038 874,900 31,794,881 874,805
Comprehensive loss:        
Net Income (Loss) $ (17,607) $ (11,140) $ (31,355) $ (18,229)
Other comprehensive (loss)/income:        
Change in unrealized (losses)/gains related to available-for-sale debt securities (10) 38 (84) 142
Total other comprehensive (loss)/income (10) 38 (84) 142
Total comprehensive loss (17,617) (11,102) (31,439) (18,087)
Related Party [Member]        
Revenues:        
License revenue - related party $ 1,863 $ 969 $ 2,737 $ 1,445