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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 25,158 $ 8,266
Marketable securities 527,722 179,408
Prepaid expenses and other current assets 10,802 6,358
Accounts receivable - other 182 92
Total current assets 563,864 194,124
Property and equipment, net 84 69
Operating lease right-of-use assets 329 422
Other assets 53 19
Deferred offering costs   4,667
Total assets 564,330 199,301
Current liabilities:    
Accounts payable 4,491 3,242
Success fee liability, current portion   352
Operating lease liabilities, current portion 237 217
Accrued expenses and other current liabilities 7,125 10,443
Total current liabilities 11,853 14,254
Success fee liability, non-current   13
Operating lease liabilities, net of current portion 118 244
Total liabilities 11,971 14,511
Commitments and contingencies
Stockholders' equity (deficit):    
Common stock, $0.0001 par value per share; 700,000,000 and 493,530,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 66,659,852 and 5,222,283 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 7  
Additional paid-in capital 718,130 6,842
Accumulated deficit (165,778) (129,942)
Total stockholders' equity (deficit) 552,359 (123,100)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 564,330 199,301
Series A-1 Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock   3,570
Series B Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock   10,000
Series C Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock   22,000
Series D Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock   47,300
Series E Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock   120,000
Series F Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock   $ 105,020