Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 13,237	$ 22,792
Short-term investments	244,152	252,449
Receivable from related party	0	807
Accounts receivable, net	39	0
Prepaid expenses and other current assets	6,177	4,856
Total current assets	263,605	280,904
Long-term investments	51,705	81,728
Property and equipment, net	207	194
Right-of-use operating lease assets	1,378	1,553
Other assets and restricted cash	9,181	9,629
Total assets	326,076	374,008
Current liabilities:
Accounts payable	5,404	4,579
Accrued expenses	13,999	13,074
Current portion of deferred revenue	479	479
Current portion of operating lease liabilities	211	320
Total current liabilities	20,093	18,452
Deferred revenue	1,785	1,908
Long-term operating lease liabilities	1,119	1,171
Total liabilities	22,997	21,531
Commitments and contingencies (Note 14)
Stockholders' equity/(deficit):
Preferred stock; $0.001 par value per share; authorized shares - 10,000,000 at June 30, 2025 and December 31, 2024; issued and outstanding - none at June 30, 2025 and December 31, 2024	0	0
Common stock; $0.001 par value per share; authorized shares - 150,000,000 at June 30, 2025 and December 31, 2024; issued and outstanding shares - 32,176,482 and 31,115,341 at June 30, 2025 and December 31, 2024, respectively	32	31
Additional paid-in capital	538,481	526,732
Accumulated deficit	(235,532)	(174,392)
Accumulated other comprehensive income	98	106
Total stockholders' equity	303,079	352,477
Total liabilities and stockholders' equity	$ 326,076	$ 374,008