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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses:        
Research and development $ 14,645 $ 14,777 $ 26,350 $ 27,375
General and administrative 9,813 14,407 20,312 22,670
Total operating expenses 24,458 29,184 46,662 50,045
Loss from operations (24,458) (29,184) (46,662) (50,045)
Other income/(expense):        
Interest income 3,116 1,388 4,772 2,748
Interest expense (466) (77) (900) (153)
Foreign exchange gain/(loss), net (32) 247 (557) 195
Change in fair value of 2022 USD Financing Warrants 13,445 (1,504) (19,448) (6,690)
Gain on extinguishment of contribution payable 2,541   2,541  
Total other income/(expense), net 18,604 54 (13,592) (3,900)
Net loss (5,854) (29,130) (60,254) (53,945)
Other comprehensive loss        
Gain/(loss) on foreign currency translation (3) (279) 490 (265)
Comprehensive loss $ (5,857) $ (29,409) $ (59,764) $ (54,210)
Net loss per common share, basic $ (0.08) $ (0.76) $ (1.01) $ (1.41)
Net loss per common share, diluted $ (0.26) $ (0.76) $ (1.01) $ (1.41)
Weighted-average common shares, basic 71,912,323 38,576,394 59,886,540 38,329,919
Weighted-average common shares, diluted 75,304,101 38,576,394 59,886,540 38,329,919