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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Revenue $ 8 $ 13 $ 15 $ 16
Operating expenses:        
Research and development 34,857 40,261 78,304 83,435
General and administrative 9,786 12,256 23,832 25,750
Other operating loss (income), net 1,062 (976) 943 (2,066)
Impairment of long-lived assets 1,443 0 1,443 0
Total operating expenses 47,148 51,541 104,522 107,119
Loss from operations (47,140) (51,528) (104,507) (107,103)
Interest income, net 3,276 6,364 7,138 13,183
Other income (expense), net 1,180 (645) 2,490 445
Impairment of other investments 0 0 0 (13,001)
Total other income, net 4,456 5,719 9,628 627
Net loss (42,684) (45,809) (94,879) (106,476)
Other comprehensive loss:        
Net unrealized (loss) gain on marketable securities (101) 7 (234) (303)
Comprehensive loss $ (42,785) $ (45,802) $ (95,113) $ (106,779)
Net loss per common share, basic (in dollars per share) [1] $ (2.89) $ (3.59) $ (6.42) $ (8.36)
Net loss per common share, diluted (in dollars per share) [1] $ (2.89) $ (3.59) $ (6.42) $ (8.36)
Weighted-average shares used to compute net loss per common share, basic (in shares) [1] 14,793 12,770 14,774 12,741
Weighted-average shares used to compute net loss per common share, diluted (in shares) [1] 14,793 12,770 14,774 12,741
[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.