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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Research and development expense $ 19,034 $ 7,849 $ 56,275 $ 43,828
General and administrative 9,359 3,772 29,233 9,463
Total operating expenses 28,393 11,621 85,508 53,291
Loss from operations (28,393) (11,621) (85,508) (53,291)
Other income (expense):        
Interest income 719 6 892 16
Service fee income from related party       181
Change in fair value of derivative liability   (2,560)   (5,821)
Total other income (expense) 719 (2,554) 892 (5,624)
Loss from equity method investment in joint venture       (231)
Net loss and comprehensive loss $ (27,674) $ (14,175) $ (84,616) $ (59,146)
Net loss per common share - basic $ (0.85) $ (8.96) $ (2.61) $ (40.27)
Net loss per common share - diluted $ (0.85) $ (8.96) $ (2.61) $ (40.27)
Weighted average shares of common stock outstanding - basic 32,561,228 1,581,610 32,444,072 1,468,777
Weighted average shares of common stock outstanding - diluted 32,561,228 1,581,610 32,444,072 1,468,777