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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses        
Research and development $ 31,250 $ 32,198 $ 87,887 $ 84,179
General and administrative 17,723 14,419 44,218 43,133
Total operating expenses 48,973 46,617 132,105 127,312
Operating loss (48,973) (46,617) (132,105) (127,312)
Interest income 5,580 5,541 14,960 16,803
Interest expense (2) (2) (7) (9)
Net loss before income taxes (43,395) (41,078) (117,152) (110,518)
Income tax (benefit) expense (2,342) 913 (2,300) 3,205
Net loss before noncontrolling interest (41,053) (41,991) (114,852) (113,723)
Net loss attributable to noncontrolling interest (23,143) (31,007) (74,944) (83,956)
Net loss available to Class A ordinary shareholders (17,910) (10,984) (39,908) (29,767)
Common Class A [Member]        
Operating expenses        
Net loss available to Class A ordinary shareholders $ (17,910) $ (10,984) $ (39,908) $ (29,767)
Weighted average Class A ordinary shares outstanding, Basic 126,173,463 61,592,876 87,818,229 61,565,298
Weighted average Class A ordinary shares outstanding, Diluted 126,173,463 61,592,876 87,818,229 61,565,298
Net loss per share attributable to Class A ordinary shares, Basic $ (0.14) $ (0.18) $ (0.45) $ (0.48)
Net loss per share attributable to Class A ordinary shares, Diluted $ (0.14) $ (0.18) $ (0.45) $ (0.48)