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Condensed 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 development support revenue (including related party amounts of $0, $0, $0 and $251, respectively)       $ 251
Operating Expenses [Abstract]        
Research and development (including related party amounts of $27, $1,172, $50 and $1,459, respectively) $ 17,861 $ 12,333 $ 34,914 23,488
General and administrative 4,949 3,857 10,068 7,444
Total operating expenses 22,810 16,190 44,982 30,932
Loss from operations (22,810) (16,190) (44,982) (30,681)
Other income (expense), net:        
Interest income 1,561 676 3,425 1,326
Change in fair value of SAFEs (including related party amounts of $0, $1,895, $0 and $2,112, respectively)   (2,352)   (2,620)
Other income (expense), net (5) 23 (8) 169
Total other income (expense), net 1,556 (1,653) 3,417 (1,125)
Net loss $ (21,254) $ (17,843) $ (41,565) $ (31,806)
Net loss per share - basic $ (0.87) $ (22) $ (1.71) $ (39.24)
Net loss per share - diluted $ (0.87) $ (22) $ (1.71) $ (39.24)
Weighted average common shares outstanding - basic 24,378,823 811,210 24,360,502 810,484
Weighted average common shares outstanding - diluted 24,378,823 811,210 24,360,502 810,484
Other comprehensive income (loss):        
Unrealized gain (loss) on investments, net $ 2 $ (86) $ 131 $ (187)
Comprehensive loss $ (21,252) $ (17,929) $ (41,434) $ (31,993)