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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Revenues $ 39,730 $ 6,401 $ 60,606 $ 8,582
Operating expenses:        
Research and development 49,735 17,480 80,479 36,493
General and administrative 4,598 5,177 9,665 12,415
Total operating expenses 54,333 22,657 90,144 48,908
Operating loss (14,603) (16,256) (29,538) (40,326)
Other income (expense):        
Interest income 310 416 747 919
Non-cash interest expense related to sale of future royalties (672) (610) (1,669) (1,414)
Other income (expense), net (1) 5 (2) 4
Loss before income taxes (14,966) (16,445) (30,462) (40,817)
Provision for income taxes 20 21 115 66
Net loss $ (14,986) $ (16,466) $ (30,577) $ (40,883)
Net loss per share - basic and diluted (in dollars per share) $ (0.07) $ (0.09) $ (0.13) $ (0.23)
Shares used to compute net loss per share - basic and diluted (in shares) 228,367,812 184,703,003 228,145,724 176,757,049
Comprehensive loss:        
Net loss $ (14,986) $ (16,466) $ (30,577) $ (40,883)
Unrealized loss on available-for-sale investments, net of tax 0 (6) (11) (15)
Comprehensive loss (14,986) (16,472) (30,588) (40,898)
Non Cash Royalty Revenue [Member]        
Revenue:        
Revenues 0 37 1,579 622
Government Contract [Member]        
Revenue:        
Revenues $ 39,730 $ 6,364 $ 59,027 $ 7,960