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STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 30,549 $ 28,940 $ 55,189 $ 50,900
General and administrative 8,515 7,077 16,593 14,107
Total operating expenses 39,064 36,017 71,782 65,007
Loss from operations (39,064) (36,017) (71,782) (65,007)
Other income, net 2,709 4,054 5,406 8,033
Net loss (36,355) (31,963) (66,376) (56,974)
Other comprehensive loss:        
Unrealized loss on investments (22) (94) (192) (514)
Comprehensive loss $ (36,377) $ (32,057) $ (66,568) $ (57,488)
Net loss per share, basic $ (0.47) $ (0.45) $ (0.89) $ (0.83)
Net loss per share, diluted $ (0.47) $ (0.45) $ (0.89) $ (0.83)
Weighted-average shares outstanding, basic 78,126,257 70,348,414 74,602,994 68,848,981
Weighted-average shares outstanding, diluted 78,126,257 70,348,414 74,602,994 68,848,981