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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (30,917) $ (46,467)  
Adjustments to reconcile net loss to cash flows from operating activities:      
Depreciation 846 530  
Share-based compensation expense 2,199 2,753  
Changes in assets and liabilities:      
Receivable from Former Parent 3,653    
Prepaid expenses (5,089) 1,024  
Other current assets 167 (582)  
Right-of-use assets 1,329 3,066  
Other assets (77)    
Accounts payable and accrued expenses (7,926) (14,664)  
Operating lease liabilities (1,523) (1,460)  
Other long-term liabilities   63  
Cash flows used in operating activities (37,338) (55,737)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of marketable securities (124,485)    
Additions of property and equipment (55) (398)  
Cash flows used in investing activities (124,540) (398)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net transfers from Former parent   56,135  
Cash flows provided by financing activities   56,135  
Net decrease in cash, cash equivalents and restricted cash (161,878)    
Cash, cash equivalents and restricted cash-beginning of period 271,110    
Cash, cash equivalents and restricted cash-end of period 109,232    
Non-cash investing and financing activities:      
Purchased capital expenditures included in accounts payable and accrued expenses   $ 75  
Reconciliation Of Balance Sheet To Statement Of Cash Flows Abstract      
Cash and cash equivalents 107,263   $ 270,852
Restricted cash 1,969   300
Total cash, cash equivalents and restricted cash as shown in the statement of cash flows $ 109,232   $ 271,110