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Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating expenses:        
Research and development $ 11,429 $ 6,969 $ 37,459 $ 21,935
General and administrative 2,487 1,744 7,475 6,002
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) 0 (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 0 130 0
Net loss $ (13,239) $ (7,860) $ (42,547) $ (25,582)
Net loss per share attributable to common stockholders, basic $ (10.06) $ (7.58) $ (34.02) $ (24.89)
Net loss per share attributable to common stockholders, diluted $ (10.06) $ (7.58) $ (34.02) $ (24.89)
Weighted-average shares outstanding, basic 1,315,428 1,037,449 1,250,617 1,027,901
Weighted-average shares outstanding, diluted 1,315,428 1,037,449 1,250,617 1,027,901
Comprehensive loss:        
Net loss $ (13,239) $ (7,860) $ (42,547) $ (25,582)
Unrealized (loss) gain on marketable securities (3) 30 (168) 19
Comprehensive loss $ (13,242) $ (7,830) $ (42,715) $ (25,563)