Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 56,516	$ 111,471
Prepaid expenses and other current assets	4,051	4,935
Total current assets	60,567	116,406
Property and equipment, net	906	1,603
Operating lease right-of-use asset, net	763	1,495
Other assets	0	154
Total assets	62,236	119,658
Current liabilities:
Accounts payable and accrued expenses (includes related party amounts of $1,775 and $0, respectively)	18,211	26,720
Operating lease liabilities	1,251	1,624
Total current liabilities	19,462	28,344
Operating lease liabilities, less current portion	0	836
Liability to licensor	19,806	19,806
Total liabilities	39,268	48,986
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 200,000,000 shares authorized at September 30, 2024 and December 31, 2023; 0 shares issued and outstanding at September 30, 2024 and December 31, 2023	0	0
Common stock value	5	5
Additional paid-in capital	494,118	486,930
Accumulated deficit	(471,155)	(416,263)
Total stockholders’ equity	22,968	70,672
Total liabilities and stockholders’ equity	$ 62,236	$ 119,658