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STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating expenses    
Research and development $ 126,966 $ 90,905
General and administrative 31,866 23,452
Total operating expenses 158,832 114,357
Loss from operations (158,832) (114,357)
Other income    
Interest income 25,019 14,194
Total other income 25,019 14,194
Net loss (133,813) (100,163)
Other comprehensive income (loss):    
Unrealized gain on available-for-sale securities 321 1,454
Total comprehensive loss $ (133,492) $ (98,709)
Net loss per share, basic (in dollars per share) $ (1.45) $ (1.57)
Net loss per share, diluted (in dollars per share) $ (1.45) $ (1.57)
Weighted-average shares outstanding, basic 92,414,626 63,723,600
Weighted-average shares outstanding, diluted 92,414,626 63,723,600