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Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Research and collaboration revenue $ 43 $ 9 $ 683 $ 203
Operating expenses        
Research and development 19,622 11,735 55,302 29,412
General and administrative 8,716 2,317 21,998 6,885
Total operating expenses 28,338 14,052 77,300 36,297
Loss from operations (28,295) (14,043) (76,617) (36,094)
Other income (expense), net:        
Interest income, net 7,892 2,283 20,379 4,100
Other (expense) income, net: (2) (8) (3) (58)
Total other income (expense), net 7,890 2,275 20,376 4,042
Net loss and comprehensive loss (20,405) (11,768) (56,241) (32,052)
Deemed dividend on redeemable convertible preferred stock issuances   (410)   (410)
Cumulative redeemable convertible preferred stock dividends 0 (5,336) 0 (12,846)
Net loss attributable to common stockholders $ (20,405) $ (17,514) $ (56,241) $ (45,308)
Net loss per share , basic $ (0.3) $ (4) $ (0.93) $ (11.18)
Net loss per share , diluted $ (0.3) $ (4) $ (0.93) $ (11.18)
Weighted average shares of common stock outstanding, basic 67,143,744 4,383,131 60,311,003 4,053,341
Weighted average shares of common stock outstanding, diluted 67,143,744 4,383,131 60,311,003 4,053,341