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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Licensing revenue $ 0 $ 0 $ 0 $ 850
Operating expenses:        
Research and development 12,826 8,612 42,297 29,304
General and administrative 2,991 3,627 12,552 11,597
Total operating expenses 15,817 12,239 54,849 40,901
Loss from operations (15,817) (12,239) (54,849) (40,051)
Interest income 1,558 1,758 4,076 5,709
Net loss $ (14,259) $ (10,481) $ (50,773) $ (34,342)
Net loss per share - basic and diluted (in dollars per share) $ (0.08) $ (0.08) $ (0.34) $ (0.25)
Basic and diluted weighted average shares outstanding (in shares) 168,782 137,589 148,545 137,263
Other comprehensive loss:        
Net loss $ (14,259) $ (10,481) $ (50,773) $ (34,342)
Unrealized gain on marketable securities 66 577 64 449
Comprehensive loss $ (14,193) $ (9,904) $ (50,709) $ (33,893)