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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Collaboration revenue       $ 19,306
Operating expenses:        
Research and development $ 17,730 $ 17,193 $ 33,520 32,861
General and administrative 4,327 4,659 9,228 8,691
Total operating expenses 22,057 21,852 42,748 41,552
Loss from operations (22,057) (21,852) (42,748) (22,246)
Other income, net 755 347 1,833 727
Net loss before income taxes (21,302) (21,505) (40,915) (21,519)
Benefit (Provision) for income taxes (2) 6 (18) 88
Net loss (21,304) (21,499) (40,933) (21,431)
Other comprehensive loss:        
Unrealized gain (loss) on available-for-sale debt securities 10 59 (107) 180
Total comprehensive loss (21,294) (21,440) (41,040) (21,251)
Net loss (21,304) (21,499) (40,933) (21,431)
Less: accretion of preferred stock to redemption value   (19)   (39)
Net loss attributable to common stockholders, basic (21,304) (21,518) (40,933) (21,470)
Net loss attributable to common stockholders, diluted $ (21,304) $ (21,518) $ (40,933) $ (21,470)
Weighted-average number of shares of common stock outstanding, basic 23,037,714 2,847,675 23,024,754 2,817,008
Weighted-average number of shares of common stock outstanding, diluted 23,037,714 2,847,675 23,024,754 2,817,008
Net loss per share attributable to common stockholders, basic $ (0.92) $ (7.56) $ (1.78) $ (7.62)
Net loss per share attributable to common stockholders, diluted $ (0.92) $ (7.56) $ (1.78) $ (7.62)