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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenue $ 0 $ 0 $ 0 $ 4,288
Operating expenses:        
Research and development 28,766 25,745 101,211 61,451
General and administrative 13,106 8,279 34,929 25,035
Net gain on lease termination 0 0 (3,433) 0
Total operating expenses 41,872 34,024 132,707 86,486
Loss from operations (41,872) (34,024) (132,707) (82,198)
Other income (expense):        
Change in fair value of warrant liability 0 (292) 0 (463)
Change in fair value of term loan (1,087) (1,534) (4,078) (4,525)
Interest income 3,903 3,169 8,814 6,354
Interest expense (4) (15) (19) (51)
Other expense (68) (37) (187) (261)
Total other income, net 2,744 1,291 4,530 1,054
Net loss $ (39,128) $ (32,733) $ (128,177) $ (81,144)
Net loss per common share, basic $ (0.1) $ (0.09) $ (0.34) $ (0.26)
Net loss per common share, diluted $ (0.1) $ (0.09) $ (0.34) $ (0.26)
Weighted average common shares outstanding, basic 406,106,872 353,309,524 380,739,173 307,175,982
Weighted average common shares outstanding, diluted 406,106,872 353,309,524 380,739,173 307,175,982