Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 101,788	$ 114,091
Investments	223,128	84,096
Prepaid and other current assets	10,353	7,164
Total current assets	335,269	205,351
Property and equipment, net	22	53
Other assets	433	499
Total assets	335,724	205,903
Current liabilities:
Accounts payable	3,164	479
Accrued liabilities	19,009	14,167
Total current liabilities	22,173	14,646
Commitments and contingencies (Note 4)
Stockholders’ equity:
Common stock, $0.0001 par value; 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 65,725,409 and 49,821,915 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	6	5
Additional paid-in capital	701,548	493,770
Accumulated deficit	(388,003)	(302,518)
Total stockholders’ equity	313,551	191,257
Total liabilities and stockholders’ equity	$ 335,724	$ 205,903

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).