CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Operating expenses:
Research and development	[1]	$ 46,387	$ 28,716
General and administrative		16,709	9,465
Total operating expenses		63,096	38,181
Loss from operations		(63,096)	(38,181)
Other income, net:
Interest income, net		7,840	6,087
Total other income, net		7,840	6,087
Net loss before taxes		(55,256)	(32,094)
Provision for income taxes		(83)	0
Net loss after taxes		$ (55,339)	$ (32,094)
Net loss per share, basic		$ (0.95)	$ (0.64)
Net loss per share, diluted		$ (0.95)	$ (0.64)
Weighted-average common shares outstanding, basic		58,195,272	50,189,808
Weighted-average common shares outstanding, diluted		58,195,272	50,189,808

[1] Includes related-party amounts of $32 for the three months ended March 31, 2025, and $6,457 for the three months ended March 31, 2024.