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Composition of Certain Consolidated Financial Statement Items
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Composition of Certain Consolidated Financial Statement Items Composition of Certain Consolidated Financial Statement Items
Prepaid and other assets (in thousands)
December 31,
20242023
Accounts receivable$— $1,105 
Prepaid assets12,5717,333 
Interest receivable and other assets
28,2227,518 
Total prepaid and other assets$40,793 $15,956 
Property and equipment, net (in thousands)
December 31,
20242023
Laboratory equipment$14,180 $11,208 
Computers and software261 127 
Office furniture and equipment1,979 1,979 
Leasehold improvements288 288 
Construction in process3,959 — 
Property and equipment, gross20,667 13,602 
Less accumulated depreciation and amortization(7,997)(5,221)
Total property and equipment, net$12,670 $8,381 
Depreciation and amortization expense related to property and equipment was $2.8 million, $2.1 million, and $1.4 million for the years ended December 31, 2024, 2023, and 2022, respectively.
Accounts payable and accrued liabilities (in thousands)
December 31,
20242023
Accounts payable$8,461 $8,809 
Accrued non-clinical liabilities17,226 4,054 
Accrued manufacturing and technical development
35,680 15,481 
Accrued clinical liabilities8,157 5,997 
Total accounts payable and accrued liabilities$69,524 $34,341