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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating expenses    
Research and development $ 42,651 $ 36,757
General and administrative 11,464 9,202
Total operating expenses 54,115 45,959
Loss from operations (54,115) (45,959)
Other income    
Interest income 5,102 5,161
Total other income 5,102 5,161
Net loss (49,013) (40,798)
Other comprehensive income (loss):    
Unrealized loss on available-for-sale securities, net (929) (19)
Total comprehensive loss $ (49,942) $ (40,817)
Net loss per share, basic (in dollars per share) $ (0.46) $ (0.43)
Net loss per share, diluted (in dollars per share) $ (0.46) $ (0.43)
Weighted-average shares outstanding, basic (in shares) 107,116,709 95,130,053
Weighted-average shares outstanding, diluted (in shares) 107,116,709 95,130,053