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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating expenses:            
Research and development $ (246) $ 34,156 $ 12,020 $ 99,698 $ 133,070 $ 118,870
General and administrative 5,883 12,805 23,712 37,797 48,261 52,332
Impairment costs         18,570  
Restructuring costs 83   10,059      
Total operating expenses 5,720 46,961 45,791 137,495 199,901 171,202
Loss from operations (5,720) (46,961) (45,791) (137,495) (199,901) (171,202)
Total other income (loss), net:            
Interest income 1,494 1,522 4,100 4,362 5,734 1,876
Other income (loss), net 100 1,167 1,190 2,411 3,623 351
Loss before income taxes         (190,544) (168,975)
Income tax benefit 0 0     (126) (265)
Net loss $ (4,126) $ (44,272) $ (40,501) $ (130,722) $ (190,418) $ (168,710)
Net loss per share — basic $ (0.82) $ (8.94) $ (8.1) $ (29.86) $ (42.09) $ (50.6)
Net loss per share — diluted $ (0.82) $ (8.94) $ (8.1) $ (29.86) $ (42.09) $ (50.6)
Weighted-average common shares outstanding — basic 5,017,370 4,951,921 5,003,200 4,377,535 4,524,226 3,332,819
Weighted-average common shares outstanding — diluted 5,017,370 4,951,921 5,003,200 4,377,535 4,524,226 3,332,819
Comprehensive loss:            
Net loss $ (4,126) $ (44,272) $ (40,501) $ (130,722) $ (190,418) $ (168,710)
Other comprehensive income (loss), net of tax:            
Unrealized gain (loss) on available-for-sale securities 5 25 (72) 268 406 (313)
Total other comprehensive income (loss) 5 25 (72) 268 406 (313)
Comprehensive loss $ (4,121) $ (44,247) $ (40,573) $ (130,454) $ (190,012) $ (169,023)