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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net loss $ (25,545) $ (14,955)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization [note 3] 117 114
Stock-based compensation [note 7[c], note 7[e] and note 7[f]] 5,120 2,742
Accrued interest on 2023 SVB convertible term loan [note 6]   624
Amortization of 2024 SVB convertible term loan transaction costs [note 6] 28  
Accretion of discount on modification of debt   322
Change in fair value of contingent consideration [note 4 and note 5] 188 109
Changes in operating assets and liabilities:    
Grant receivable   111
Prepaid expenses and other assets 592 61
Accounts payable (732) (68)
Accrued liabilities other 646 266
Accrued clinical liabilities 893 1,428
Accrued compensation (1,464) (962)
Lease obligation [note 8]   (1)
Net cash used in operating activities (20,157) (10,209)
Financing Activities:    
Taxes paid related to net share settlement of equity awards   (114)
Net cash provided by financing activities 41,222 55,957
Investing Activities:    
Purchase of marketable securities (4,260) (46,568)
Maturities of marketable securities 22,316  
Net cash provided by (used in) investing activities 18,056 (46,568)
Net increase/(decrease) in cash, cash equivalents and restricted cash 39,121 (820)
Cash, cash equivalents and restricted cash at beginning of the period 12,773 15,596
Cash, cash equivalents and restricted cash at end of the period 51,894 14,776
February 2024 Registered Direct Offering [Member]    
Financing Activities:    
Proceeds from registered direct offering, net of issuance costs   $ 56,071
June 2025 Public Offering [Member]    
Financing Activities:    
Proceeds from public offering, net of issuance costs $ 41,222