Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 49,046	$ 111,471
Prepaid expenses and other current assets	2,186	4,935
Total current assets	51,232	116,406
Property and equipment, net	678	1,603
Operating lease right-of-use-asset, net	512	1,495
Other assets	0	154
Total assets	52,422	119,658
Current liabilities:
Accounts payable and accrued expenses	13,704	26,720
Operating lease liabilities	836	1,624
Total current liabilities	14,540	28,344
Operating lease liabilities, less current portion	0	836
Liability to licensor	19,806	19,806
Warrant liability	3,811	0
Total liabilities	38,157	48,986
Commitments and contingencies (Note 5)
Stockholders' equity:
Preferred stock, $0.0001 par value; 200,000,000 shares authorized at December 31, 2024 and December 31, 2023; 0 shares issued and outstanding at December 31, 2024 and December 31, 2023	0	0
Common stock value	6	5
Additional paid-in capital	500,298	486,930
Accumulated deficit	(486,039)	(416,263)
Total stockholders' equity	14,265	70,672
Total liabilities and stockholders' equity	$ 52,422	$ 119,658