Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 61,662	$ 111,471
Prepaid expenses and other current assets	4,831	4,935
Total current assets	66,493	116,406
Property and equipment, net	1,134	1,603
Operating lease right-of-use asset, net	1,011	1,495
Other assets	0	154
Total assets	68,638	119,658
Current liabilities:
Accounts payable and accrued expenses	15,800	26,720
Operating lease liabilities	1,662	1,624
Total current liabilities	17,462	28,344
Operating lease liabilities, less current portion	0	836
Liability to licensor	19,806	19,806
Total liabilities	37,268	48,986
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 200,000,000 shares authorized at June 30, 2024 and December 31, 2023; 0 shares issued and outstanding at June 30, 2024 and December 31, 2023	0	0
Common stock value	5	5
Additional paid-in capital	491,934	486,930
Accumulated deficit	(460,569)	(416,263)
Total stockholders’ equity	31,370	70,672
Total liabilities and stockholders’ equity	$ 68,638	$ 119,658