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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Revenues $ 72,413 $ 4,933 $ 133,019 $ 13,515
Operating expenses:        
Research and development 75,947 15,066 156,426 51,559
General and administrative 4,277 4,342 13,942 16,757
Total operating expenses 80,224 19,408 170,368 68,316
Operating loss (7,811) (14,475) (37,349) (54,801)
Other income (expense):        
Interest income 302 1,022 1,049 1,941
Non-cash interest expense related to sale of future royalties (608) (631) (2,277) (2,045)
Other income (expense), net (7) 22 (9) 26
Loss before income taxes (8,124) (14,062) (38,586) (54,879)
Provision for income taxes 17 18 132 84
Net loss $ (8,141) $ (14,080) $ (38,718) $ (54,963)
Net loss per share - basic and diluted (in dollars per share) $ (0.04) $ (0.06) $ (0.17) $ (0.28)
Shares used to compute net loss per share - basic and diluted (in shares) 228,926,340 227,452,883 228,405,929 193,655,660
Comprehensive loss:        
Net loss $ (8,141) $ (14,080) $ (38,718) $ (54,963)
Unrealized gain (loss) on available-for-sale investments, net of tax 5 43 (6) 28
Comprehensive loss (8,136) (14,037) (38,724) (54,935)
Non Cash Royalty Revenue [Member]        
Revenue:        
Revenues 0 40 1,579 662
Government Contract [Member]        
Revenue:        
Revenues $ 72,413 $ 4,893 $ 131,440 $ 12,853