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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 695 $ 156
Operating expenses:    
Research and development 52,614 31,661
General and administrative 10,820 9,103
Total operating expenses 63,434 40,764
Operating loss (62,739) (40,608)
Investment and other income, net 8,943 7,800
Net loss $ (53,796) $ (32,808)
Basic net loss per common share (in dollars per share) $ (0.81) $ (0.56)
Diluted net loss per common share (in dollars per share) $ (0.81) $ (0.56)
Shares used in calculating basic net loss per share (in shares) 66,383 58,871
Shares used in calculating diluted net loss per share (in shares) 66,383 58,871
Comprehensive loss:    
Net loss $ (53,796) $ (32,808)
Other comprehensive income (loss):    
Unrealized gain (loss) on marketable securities 254 (1,064)
Comprehensive loss (53,542) (33,872)
Product development and licensing agreements    
Revenues:    
Total revenues 50 2
Contracts and grants    
Revenues:    
Total revenues $ 645 $ 154