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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 61,767 $ 64,380
Short-term marketable securities 257,069 275,324
Assets held for sale 1,571  
Prepaid expenses and other current assets 4,404 5,308
Total current assets 324,811 345,012
Long-term marketable securities 12,441 28,388
Operating lease right-of-use assets 22,933 23,481
Restricted cash 567 567
Property and equipment, net 1,112 11,295
Other non-current assets 93 5,311
Total assets 361,957 414,054
Current liabilities:    
Accounts payable 4,233 2,441
Accrued clinical and research and development expenses 5,565 12,521
Accrued expenses and other current liabilities 2,336 9,437
Accrued restructuring costs 36,920  
Operating lease liabilities, current 2,498 628
Total current liabilities 51,552 25,027
Operating lease liabilities, non-current 27,948 28,798
Total liabilities 79,500 53,825
Stockholders' equity:    
Common stock 46 46
Additional paid-in capital 679,461 672,540
Accumulated other comprehensive income 96 291
Accumulated deficit (397,146) (312,648)
Total stockholders' equity 282,457 360,229
Total liabilities and stockholders' equity $ 361,957 $ 414,054