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Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue:    
Collaboration revenue   $ 32,923
License and development support revenue (including related party amounts of $251 and $569, respectively) $ 251 569
Total revenue 251 33,492
Operating Expenses [Abstract]    
Research and development (including related party amounts of $3,168 and $3,832, respectively) 50,328 50,251
General and administrative 17,205 13,912
Total operating expenses 67,533 64,163
Loss from operations (67,282) (30,671)
Other income, net:    
Interest income 5,349 2,535
Change in fair value of SAFEs (including related party amounts of $2,911 and $573, respectively) (3,597) (707)
Other income, net 157 195
Total other income, net 1,909 2,023
Loss before provision for income taxes (65,373) (28,648)
Provision for income taxes 0 (72)
Net loss $ (65,373) $ (28,720)
Net income (loss) per share - basic $ (5.81) $ (35.78)
Net income (loss) per share - diluted $ (5.81) $ (35.78)
Weighted average common shares outstanding - basic 11,258,851 802,747
Weighted average common shares outstanding - diluted 11,258,851 802,747
Other comprehensive income (loss):    
Unrealized gain (loss) on investments $ (437) $ 308
Comprehensive loss $ (65,810) $ (28,412)