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Unaudited 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
Income Statement [Abstract]        
Collaboration revenue $ 0 $ 8,897 $ 0 $ 10,149
Operating expenses:        
Research and development 34,664 14,898 59,719 28,968
General and administrative 10,454 7,821 20,296 15,164
Total operating expenses 45,118 22,719 80,015 44,132
Loss from operations (45,118) (13,822) (80,015) (33,983)
Other income:        
Interest income 11,260 7,863 22,649 13,264
Total other income 11,260 7,863 22,649 13,264
Net loss (33,858) (5,959) (57,366) (20,719)
Other comprehensive gain (loss):        
Unrealized gain (loss) on available-for-sale securities, net (9) (1,092) 1,584 (2,281)
Comprehensive loss $ (33,867) $ (7,051) $ (55,782) $ (23,000)
Net loss per common share, basic $ (0.55) $ (0.11) $ (0.93) $ (0.4)
Net loss per common share, diluted $ (0.55) $ (0.11) $ (0.93) $ (0.4)
Weighted-average shares of common stock outstanding, basic 61,902,411 54,451,666 61,847,372 51,750,690
Weighted-average shares of common stock outstanding, diluted 61,902,411 54,451,666 61,847,372 51,750,690