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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 19,875 $ 14,598 $ 26,346 $ 20,364
Operating expenses:        
Research and development 38,654 28,671 76,719 56,710
General and administrative 10,773 9,174 21,434 17,188
Total operating expenses 49,427 37,845 98,153 73,898
Loss from operations (29,552) (23,247) (71,807) (53,534)
Other income:        
Interest income 2,071 1,450 4,268 2,511
Other income, net 1,995 1,151 4,179 2,369
Total other income, net 4,066 2,601 8,447 4,880
Loss before income taxes (25,486) (20,646) (63,360) (48,654)
Provision for income taxes (65) (64) (105) (64)
Net loss $ (25,551) $ (20,710) $ (63,465) $ (48,718)
Net loss per common share - basic $ (0.24) $ (0.23) $ (0.58) $ (0.55)
Net loss per common share - diluted $ (0.24) $ (0.23) $ (0.58) $ (0.55)
Weighted average number of common shares outstanding - basic 108,314,279 88,354,590 108,692,822 88,281,368
Weighted average number of common shares outstanding - diluted 108,314,279 88,354,590 108,692,822 88,281,368
Net loss $ (25,551) $ (20,710) $ (63,465) $ (48,718)
Other comprehensive (loss) income:        
Unrealized (loss) gain on marketable securities (77) 684 (520) 2,188
Comprehensive loss (25,628) (20,026) (63,985) (46,530)
Collaboration Revenue [Member]        
Total revenue 7,775 9,598 14,246 15,364
License Revenue [Member]        
Total revenue $ 12,100 $ 5,000 $ 12,100 $ 5,000