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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating expenses:        
Research and development $ 14,419 $ 7,886 $ 46,699 $ 23,421
General and administrative 4,539 2,593 14,712 9,033
Total operating expenses 18,958 10,479 61,411 32,454
Loss from operations (18,958) (10,479) (61,411) (32,454)
Other income (expense), net:        
Interest income 4,843 269 10,120 321
Change in fair value of contingent value right liability 0 0 (1,500) 0
Change in fair value of derivative liability 0 (5,940) 0 (3,450)
Other expense 13 0 8 0
Total other income (expense), net 4,856 (5,671) 8,628 (3,129)
Loss before income taxes (14,102) (16,150) (52,783) (35,583)
Income tax expense (20) 0 (67) 0
Net loss and comprehensive loss (14,122) (16,150) (52,850) (35,583)
Net loss attributable to common stockholders-basic (14,122) (16,150) (52,850) (35,583)
Net loss attributable to common stockholders-diluted $ (14,122) $ (16,150) $ (52,850) $ (35,583)
Weighted-average common shares outstanding-basic 24,316,817 960,317 21,605,202 943,058
Weighted-average common shares outstanding-diluted 24,316,817 960,317 21,605,202 943,058
Net loss per share attributable to common stockholders-basic $ (0.58) $ (16.82) $ (2.45) $ (37.73)
Net loss per share attributable to common stockholders-diluted $ (0.58) $ (16.82) $ (2.45) $ (37.73)