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Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Expenses:        
Research and development $ 18,170 $ 18,828 $ 48,759 $ 46,416
General and administrative 3,481 2,122 9,479 8,244
Total operating expenses 21,651 20,950 58,238 54,660
Loss from operations (21,651) (20,950) (58,238) (54,660)
Other Income (Expense):        
Interest income 3,490 503 9,485 762
Other expense (30) 0 (49) 0
Total other income (expense) 3,460 503 9,436 762
Net loss (18,191) (20,447) (48,802) (53,898)
Dividends (1,209) (4,550) (1,209) (4,550)
Net loss attributable to common stockholders (19,400) (24,997) (50,011) (58,448)
Other Comprehensive Income (Loss):        
Unrealized gain (loss) on investment securities 180 102 167 (696)
Comprehensive Loss $ (19,220) $ (24,895) $ (49,844) $ (59,144)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (1.26) $ (6.55) $ (5.99) $ (17.14)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (1.26) $ (6.55) $ (5.99) $ (17.14)
Weighted-average shares of common stock outstanding, basic (in shares) 15,399,901 3,817,307 8,350,628 3,409,940
Weighted-average shares of common stock outstanding, diluted (in shares) 15,399,901 3,817,307 8,350,628 3,409,940