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Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating expenses:    
Research and development (including $27 and $32,128 for a related party) $ 30,753 $ 45,042
General and administrative (including $322 and $230 for a related party) 15,399 6,690
Total operating expenses 46,152 51,732
Loss from operations (46,152) (51,732)
Other income (expense), net:    
Change in fair value of tranche liability (including $331 and $19,064 for a related party) 365 21,012
Change in fair value of derivative liabilities (including $1,165 and $2,039 for a related party) 1,229 2,084
Interest expense (including $1,384 and $2,656 for a related party) (1,443) (2,701)
Loss on extinguishment and on issuance of convertible promissory notes (including $169 and $34,692 for a related party) (186) (38,018)
Other income, net 2,749 188
Total other income (expense), net 2,714 (17,435)
Net loss $ (43,438) $ (69,167)
Net loss per share attributable to common stockholders - basic $ (2.85) $ (51.77)
Net loss per share attributable to common stockholders - diluted $ (2.85) $ (51.77)
Weighted-average shares outstanding - basic 15,267,817 1,335,925
Weighted-average shares outstanding - diluted 15,267,817 1,335,925
Comprehensive loss:    
Net loss $ (43,438) $ (69,167)
Other comprehensive income:    
Unrealized gain on marketable securities, net of tax 6 0
Total other comprehensive income 6 0
Comprehensive loss $ (43,432) $ (69,167)