Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 71,188	$ 63,234
Short-term investments	284,536	431,011
Prepaid expenses and other current assets (Note 5)	6,540	11,257
Total current assets	362,264	505,502
Property and equipment, net	5,525	3,567
Operating lease right-of-use assets	27,243	1,211
Restricted cash	1,482	1,482
Other non-current assets	435	392
Total assets	396,949	512,154
Current liabilities
Accounts payable	5,960	4,531
Accrued research and development	14,363	12,456
Accrued liabilities (Note 6)	12,353	10,219
Lease liabilities, current	542	1,318
Total current liabilities	33,218	28,524
Lease liabilities, non-current	29,439	0
Long-term debt (Note 7)	30,211	10,054
Total liabilities	92,868	38,578
Commitments and Contingencies (Note 14)
Stockholders’ equity
Preferred stock, $0.0001 par value 10,000,000 shares authorized at December 31, 2024 and 2023, none issued or outstanding at December 31, 2024 and 2023	0	0
Common stock, $0.0001 par value; 300,000,000 shares authorized at December 31, 2024 and 2023; and 60,860,838 and 59,921,002 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively;	6	6
Additional paid-in capital	1,013,806	972,973
Accumulated deficit	(710,052)	(499,748)
Accumulated other comprehensive gain	321	345
Total stockholders’ equity	304,081	473,576
Total liabilities and stockholders’ equity	$ 396,949	$ 512,154