Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 53,440	$ 96,621
Available-for-sale marketable securities	158,237	189,358
Prepaid expenses and other current assets	2,650	4,622
Total current assets	214,327	290,601
Restricted cash	551	552
Property and equipment, net	2,162	3,347
Operating lease right-of-use assets	5,049	6,468
Finance lease right-of-use assets	366	841
Other non-current assets	4,053	2,836
Total assets	226,508	304,645
Current liabilities
Accounts payable	9,917	4,624
Accrued compensation	4,971	4,883
Accrued license expense - related party	6,250	6,250
Other accrued expenses and current liabilities	15,075	14,059
Operating lease liabilities, short-term portion	3,284	3,161
Finance lease liabilities, short-term portion	292	779
Total current liabilities	39,789	33,756
Operating lease liabilities, net of short-term portion	2,316	4,160
Finance lease liabilities, net of short-term portion	26	142
Total liabilities	42,131	38,058
Commitments and contingencies (Note 7)
Stockholders' equity
Preferred stock, 10,000,000 shares authorized, $0.00001 par value, no shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.00001 par value; 490,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively; 43,244,930 and 43,214,918 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.
Additional paid-in capital	534,633	530,002
Accumulated other comprehensive income (loss)	(20)	105
Accumulated deficit	(350,236)	(263,520)
Total stockholders' equity	184,377	266,587
Total liabilities and stockholders' equity	$ 226,508	$ 304,645