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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 15 $ 695
Operating expenses:    
Research and development 73,001 52,614
General and administrative 11,449 10,820
Total operating expenses 84,450 63,434
Operating loss (84,435) (62,739)
Investment and other income, net 5,750 8,943
Net loss $ (78,685) $ (53,796)
Basic net loss per common share (in dollars per share) $ (1.18) $ (0.81)
Diluted net loss per common share (in dollars per share) $ (1.18) $ (0.81)
Shares used in calculating basic net loss per share (in shares) 66,566 66,383
Shares used in calculating diluted net loss per share (in shares) 66,566 66,383
Comprehensive loss:    
Net loss $ (78,685) $ (53,796)
Other comprehensive income (loss):    
Unrealized (loss) gain on marketable securities (1,104) 254
Comprehensive loss (79,789) (53,542)
Product development and licensing agreements    
Revenues:    
Total revenues   50
Contracts and grants    
Revenues:    
Total revenues $ 15 $ 645