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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 32,415 $ 19,461 $ 63,329 $ 38,334
General and administrative 9,278 8,327 18,416 16,316
Total operating expenses 41,693 27,788 81,745 54,650
Loss from operations (41,693) (27,788) (81,745) (54,650)
Other income, net:        
Interest income 2,966 2,565 5,266 5,216
Interest expense (60) (88) (128) (183)
Change in fair value of derivative liabilities (900)   (2,550)  
Other income, net 207 239 395 242
Total other income, net 2,213 2,716 2,983 5,275
Net loss $ (39,480) $ (25,072) $ (78,762) $ (49,375)
Net loss per share, basic $ (0.42) $ (0.61) $ (0.98) $ (1.25)
Net loss per share, diluted $ (0.42) $ (0.61) $ (0.98) $ (1.25)
Weighted average shares of common stock outstanding used to compute basic net loss per share 94,140,286 40,934,361 80,317,588 39,544,867
Weighted average shares of common stock outstanding, used to compute diluted net loss per share 94,140,286 40,934,361 80,317,588 39,544,867