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Employee Benefits (Tables) | 9 Months Ended
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Sep. 30, 2024
Retirement Benefits [Abstract] |
Summary of Share-based Compensation Expense Classified in Condensed Consolidated Statements of Operations and Comprehensive Loss | Share-based compensation expense is classified in the condensed consolidated statements of operations and comprehensive loss as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |  |  | (in thousands) |
Research and development |  | $ | 7,166 |  |  | $ | 2,959 |  |  | $ | 14,281 |  |  | $ | 8,859 |
General and administrative |  |  | 6,326 |  |  |  | 4,356 |  |  |  | 15,690 |  |  |  | 10,659 |
Total |  | $ | 13,492 |  |  | $ | 7,315 |  |  | $ | 29,971 |  |  | $ | 19,518 |
Summary of Assumptions Used to Estimate Fair Value of Options Granted | The following assumptions were used to estimate the fair value of the options granted during the nine months ended September 30, 2024.
Volatility |  | 67.6 | %
Risk-free interest rate |  | 4.4 | %
Expected holding period (in years) |  | 6.2 |
Dividend yield |  | - |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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