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Condensed Consolidated 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:        
Total research and development $ 18,400 $ 14,628 $ 35,841 $ 27,813
Total general and administrative 4,479 5,542 8,600 10,578
Total operating expenses 22,879 20,170 44,441 38,391
Loss from operations (22,879) (20,170) (44,441) (38,391)
Other income (expense):        
Interest income, net 1,690 2,801 3,625 5,753
Other expense, net (16) (17) (21) (18)
Total other income 1,674 2,784 3,604 5,735
Loss before provision (benefit) for income taxes (21,205) (17,386) (40,837) (32,656)
Provision (benefit) for income taxes 5 (16,173) (2,191) (16,173)
Net loss (21,210) (1,213) (38,646) (16,483)
Unrealized (loss) on available for sale investments, net of tax (61) (61) (123) (380)
Foreign currency translation (loss) gain (2) 5 6 (28)
Total other comprehensive loss (63) (56) (117) (408)
Total comprehensive loss $ (21,273) $ (1,269) $ (38,763) $ (16,891)
Net loss per share - basic $ (0.41) $ (0.02) $ (0.74) $ (0.32)
Net loss per share - diluted $ (0.41) $ (0.02) $ (0.74) $ (0.32)
Weighted-average common shares outstanding - basic 52,010,827 51,478,751 51,981,607 51,462,307
Weighted-average common shares outstanding - diluted 52,010,827 51,478,751 51,981,607 51,462,307