Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 73,743	$ 430,605
Short-term investments	940,403	594,568
Prepaid expenses and other current assets	9,193	8,493
Total current assets	1,023,339	1,033,666
Restricted cash	816	816
Property and equipment, net	4,947	4,864
Operating lease right-of-use assets	18,878	19,286
Other long-term assets	2,792	2,884
Total assets	1,050,772	1,061,516
Current liabilities:
Accounts payable	2,351	4,026
Accrued expenses	13,340	11,684
Current portion of operating lease liabilities	1,811	1,749
Total current liabilities	17,502	17,459
Operating lease liabilities, net of current portion	20,801	21,276
Total liabilities	38,303	38,735
Commitments and contingencies (Note 3)
Stockholders' equity:
Preferred stock, $0.001 par value; authorized shares - 10,000,000 at March 31, 2025 and December 31, 2024; no shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock, $0.001 par value; authorized shares - 200,000,000 at March 31, 2025 and December 31, 2024; issued and outstanding shares - 59,168,490 and 59,064,606 at March 31, 2025 and December 31, 2024, respectively	59	59
Additional paid-in capital	1,269,919	1,258,316
Accumulated other comprehensive income	3,756	2,163
Accumulated deficit	(261,265)	(237,757)
Total stockholders' equity	1,012,469	1,022,781
Total liabilities and stockholders' equity	$ 1,050,772	$ 1,061,516