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Segment Information - Schedule of Operating Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating expenses:      
External research and development costs [1] $ 214,712 $ 167,865 $ 68,424
General and administrative operations 70,883 49,005 24,579
Depreciation expense 1,418 189  
Provision for income taxes 278 18 0
Consolidated net loss (255,843) (182,146) (83,985)
Reportable Segment      
Operating expenses:      
Research and development personnel-related (excluding equity-based compensation) [2] 68,490 39,013 9,387
External-discovery related costs and other [2] 22,469 11,064 15,019
General and administrative personnel-related (excluding equity-based compensation) [2] 26,740 16,935 8,047
General and administrative operations [2],[3] 19,117 18,690 12,002
Equity-based compensation [2] 46,277 23,332 6,103
Depreciation expense [2] 1,418 189  
Interest income (30,030) (34,742) (9,018)
Provision for income taxes 278 18  
Consolidated net loss 255,843 182,146 83,985
Reportable Segment | Zumilokibart (APG777)      
Operating expenses:      
External research and development costs [2] 76,441 49,241 21,644
Reportable Segment | APG990 / APG279      
Operating expenses:      
External research and development costs [2] 16,250 20,000  
Reportable Segment | APG333 / APG273      
Operating expenses:      
External research and development costs [2] 5,257 28,095  
Reportable Segment | APG808      
Operating expenses:      
External research and development costs [2] $ 3,136 $ 10,311 $ 20,801
[1] Includes related party amounts of $2,186 for the year ended December 31, 2025, $19,179 for the year ended December 31, 2024 and $26,285 for the year ended December 31, 2023.
[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 other overhead expenses