Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 8,320	$ 49,046
Prepaid expenses and other current assets	1,350	2,186
Total current assets	9,670	51,232
Property and equipment, net	324	678
Operating lease right-of-use asset, net	5,751	512
Other assets	163	0
Total assets	15,908	52,422
Current liabilities:
Accounts payable and accrued expenses (includes related party amounts of $0 and $1,775, respectively)	16,811	13,704
Operating lease liabilities	1,173	836
Total current liabilities	17,984	14,540
Operating lease liabilities, less current portion	5,008	0
Liability to licensor	19,806	19,806
Warrant liability	4,347	3,811
Total liabilities	47,145	38,157
Commitments and contingencies (Note 6)
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value; 200,000,000 shares authorized at September 30, 2025 and December 31, 2024; 0 shares issued and outstanding at September, 2025 and December 31, 2024	0	0
Common stock value	6	6
Additional paid-in capital	504,619	500,298
Accumulated deficit	(535,862)	(486,039)
Total stockholders' equity (deficit)	(31,237)	14,265
Total liabilities and stockholders' equity (deficit)	$ 15,908	$ 52,422