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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
License and other revenue $ 0 $ 0 $ 15,000 $ 0
Operating expenses:        
Research and development 42,741 32,815 76,184 55,467
General and administrative 11,912 11,165 24,246 24,603
Loss from operations (54,653) (43,980) (85,430) (80,070)
Interest and investment income 4,380 3,240 12,270 5,831
Interest expense (2,884) (2,525) (5,761) (5,054)
Other non-operating income (expense), net 3,592 154 4,618 (1,383)
Loss before income taxes (49,565) (43,111) (74,303) (80,676)
Income tax expense 778 705 2,175 1,186
Net loss (50,343) (43,816) (76,478) (81,862)
Other comprehensive (loss) income:        
Foreign currency translation adjustment (479) (61) 164 (86)
Unrealized (loss) gain on available for sale marketable securities, net of reclassification adjustment and tax (5) 33 (2,786) 188
Other comprehensive (loss) income (484) (28) (2,622) 102
Total comprehensive loss $ (50,827) $ (43,844) $ (79,100) $ (81,760)
Net loss per ordinary share - basic (in dollars per share) $ (0.38) $ (0.40) $ (0.57) $ (0.78)
Net loss per ordinary share - diluted (in dollars per share) $ (0.38) $ (0.40) $ (0.57) $ (0.78)
Weighted average ordinary shares outstanding - basic (in shares) 133,677,405 109,489,184 133,354,373 104,688,452
Weighted average ordinary shares outstanding - diluted (in shares) 133,677,405 109,489,184 133,354,373 104,688,452