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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating expenses:    
Research and development $ 12,340 $ 133,070
General and administrative 42,916 48,261
Restructuring costs 10,185 0
Impairment costs 0 18,570
Total operating expenses 65,441 199,901
Loss from operations (65,441) (199,901)
Total other income (loss), net:    
Interest income 5,486 5,734
Other income (loss), net 1,186 3,623
Loss before income taxes (58,769) (190,544)
Income tax benefit 0 (126)
Net loss $ (58,769) $ (190,418)
Net loss per share - basic $ (11.73) $ (42.09)
Net loss per share - diluted $ (11.73) $ (42.09)
Weighted-average common shares outstanding - basic 5,008,449 4,524,226
Weighted-average common shares outstanding - diluted 5,008,449 4,524,226
Comprehensive loss:    
Net Income (Loss) $ (58,769) $ (190,418)
Other comprehensive income (loss), net of tax:    
Unrealized (loss) gain on available-for-sale securities (73) 406
Total other comprehensive (income) loss (73) 406
Comprehensive loss $ (58,842) $ (190,012)