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Segment Information - Schedule of Operating Segments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating expenses:    
External research and development costs [1] $ 46,387 $ 28,716
General and administrative operations 16,709 9,465
Depreciation expense 207 29
Provision for income taxes 83 0
Consolidated net loss (55,339) (32,094)
Reportable Segment    
Operating expenses:    
Research and development personnel-related (excluding equity-based compensation) [2] 15,296 5,903
External-discovery related costs and other [2] 4,127 2,071
General and administrative personnel-related (excluding equity-based compensation) [2] 5,707 3,533
General and administrative operations [2],[3] 5,105 3,676
Equity-based compensation [2] 11,126 4,186
Depreciation expense [2] 207 29
Interest income (7,840) (6,087)
Provision for income taxes 83 0
Consolidated net loss 55,339 32,094
Reportable Segment | APG777    
Operating expenses:    
External research and development costs [2] 14,571 5,955
Reportable Segment | APG990 / APG777 + APG990    
Operating expenses:    
External research and development costs [2] 3,213 5,210
Reportable Segment | APG333 / APG777 + APG333    
Operating expenses:    
External research and development costs [2] 2,434 3,659
Reportable Segment | APG808    
Operating expenses:    
External research and development costs [2] $ 1,310 $ 3,959
[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.
[2] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM
[3] General and administrative operations are comprised of finance, investor relations, business development, human resources, legal, facilities & IT, and certain overhead expenses