Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Segment Loss Including Significant Segment Expenses

The following table sets forth the Company’s summary of segment loss, including significant segment expenses for the years ended December 31, 2024 and 2023 (in thousands):

		Year ended December 31,
		2024				2023
Research and development expenses:
KYV-101	$		61,884		$		18,267
Other programs			3,947				4,509
Other research and development expenses(a)			46,642				27,147
Total research and development expenses			112,473				49,923
General and administrative expenses:
General and administrative expenses(b)			30,131				12,483
Total general and administrative expenses			30,131				12,483
Total operating expenses			142,604				62,406
Loss from operations			(142,604	)			(62,406	)
Interest income			15,359				2,282
Interest expense			(142	)			(187	)
Other income, net			(90	)			(55	)
Total other income, net			15,127				2,040
Net loss	$		(127,477	)	$		(60,366	)

(a) Primarily includes personnel costs, license fees, R&D consulting services, unallocated CRO and CMO costs and allocated overhead and facilities expenses

(b) Primarily includes personnel costs, allocated overhead and facilities expenses, legal, IT, accounting and general and administrative expenses