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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss $ (75,975) $ (12,828)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 647 469
Stock-based compensation 6,441 44
Non-cash research and development expenses 20,000  
Non-cash lease expense 604 365
Non-cash loss from equity method investment in joint venture 50  
Changes in fair value of derivative liability 6,231  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,444) (13)
Accounts payable 4,643 558
Accrued expenses and other current liabilities 5,092 1,742
Operating lease liabilities (615) (421)
Net cash used in operating activities (35,326) (10,084)
Investing activities    
Purchase of property and equipment (540) (1,483)
Investment in joint venture (50)  
Net cash used in investing activities (590) (1,483)
Financing activities    
Proceeds from issuance of Series B convertible preferred stock, net of issuance costs 151,581  
Proceeds from issuance of common stock in initial public offering, net of issuance costs 152,296  
Proceeds From Issuance Of Common Stock   3
Proceeds from the exercise of stock options 167 32
Net cash provided by financing activities 304,044 35
Net increase (decrease) in cash, cash equivalents, and restricted cash 268,128 (11,532)
Cash, cash equivalents and restricted cash at beginning of year 8,188 19,720
Cash, cash equivalents and restricted cash at end of year 276,316 8,188
Supplemental schedule of noncash operating and financing activities:    
Purchases of property and equipment in accounts payable and accrued expenses 11 28
Operating lease right-of-use asset obtained in exchange for new operating lease liabilities   1,186
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 274,735 8,080
Restricted cash 1,581 108
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 276,316 $ 8,188