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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Revenue $ 15 $ 34 $ 30 $ 50
Operating expenses:        
Research and development 28,172 39,500 106,476 122,935
General and administrative 10,687 11,769 34,519 37,519
Other operating income, net (1,591) (730) (648) (2,796)
Impairment of long-lived assets 0 0 1,443 0
Total operating expenses 37,268 50,539 141,790 157,658
Loss from operations (37,253) (50,505) (141,760) (157,608)
Interest income, net 3,266 5,965 10,404 19,148
Other (expense) income, net (4,859) (43) (2,369) 402
Impairment of other investments 0 0 0 (13,001)
Total other (loss) income, net (1,593) 5,922 8,035 6,549
Net loss (38,846) (44,583) (133,725) (151,059)
Other comprehensive loss:        
Net unrealized gain (loss) on marketable securities 144 1,157 (90) 854
Comprehensive loss $ (38,702) $ (43,426) $ (133,815) $ (150,205)
Net loss per common share, basic (in dollars per share) [1] $ (2.13) $ (3.48) $ (8.38) $ (11.83)
Net loss per common share, diluted (in dollars per share) [1] $ (2.13) $ (3.48) $ (8.38) $ (11.83)
Weighted-average shares used to compute net loss per common share, basic (in shares) [1] 18,268 12,815 15,952 12,766
Weighted-average shares used to compute net loss per common share, diluted (in shares) [1] 18,268 12,815 15,952 12,766
[1] Amounts previously reported have been retroactively adjusted to reflect the 1-for-20 reverse stock split effected on May 30, 2025. See Note 2.