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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
License and other revenue $ 677 $ 0 $ 8,355 $ 10,007
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember
Total revenue $ 677 $ 0 $ 8,355 $ 10,007
Operating expenses:        
Research and development expenses 63,897 91,992 137,706 174,395
Change in fair value of contingent consideration liability 0 (11,374) 0 (13,206)
General and administrative expenses 13,627 20,139 32,366 39,938
Total operating expenses 77,524 100,757 170,072 201,127
Loss from operations (76,847) (100,757) (161,717) (191,120)
Other income:        
Interest income 7,105 8,547 14,918 17,498
Other (expense) income (633) (2) (641) 23
Total other income, net 6,472 8,545 14,277 17,521
Net loss $ (70,375) $ (92,212) $ (147,440) $ (173,599)
Net loss per share, basic $ (0.41) $ (0.69) $ (0.87) $ (1.32)
Net loss per share, diluted $ (0.41) $ (0.69) $ (0.87) $ (1.32)
Weighted average shares of common stock, basic 171,264,622 132,821,826 170,254,500 131,832,420
Weighted average shares of common stock, diluted 171,264,622 132,821,826 170,254,500 131,832,420
Other comprehensive (loss) income:        
Unrealized holding (loss) gain $ (201) $ (182) $ 828 $ (1,144)
Total other comprehensive (loss) income (201) (182) 828 (1,144)
Total comprehensive loss $ (70,576) $ (92,394) $ (146,612) $ (174,743)