Segment Information (Tables)

9 Months Ended

Sep. 30, 2026

Single Reportable Segment [Member]

Segment Reporting [Line Items]

Schedule of significant segment expenses

Significant segment expenses regularly provided to the CODM were as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Operating expenses:
Employee-related expenses, excluding stock-based compensation	$	4,296		$	3,419		$	12,317		$	10,333
Stock-based compensation		178			129			522			312
External research and development expenses		6,556			3,048			23,606			10,490
External general and administrative expenses		732			491			2,481			1,848
Other segment expenses*		2,154			1,626			6,008			4,954
Total operating expenses		13,916			8,713			44,934			27,937
Loss from operations		(13,916	)		(8,713	)		(44,934	)		(27,937	)
Interest income		768			853			2,523			2,421
Other expense, net		(3	)		—			(6	)		(66	)
Total other income, net		765			853			2,517			2,355
Loss before provision for income taxes		(13,151	)		(7,860	)		(42,417	)		(25,582	)
Provision for income taxes		88			—			130			—
Net loss	$	(13,239	)	$	(7,860	)	$	(42,547	)	$	(25,582	)

*Other segment expenses include facility-related and office costs, information technology costs, depreciation and amortization and other operating expenses.