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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Collaboration revenue from related party $ 26,030 $ 14,957 $ 92,670 $ 47,171
Operating expenses:        
Research and development 39,173 43,807 112,444 105,065
General and administrative 20,473 16,012 64,645 46,985
Total operating expenses 59,646 59,819 177,089 152,050
Loss from operations (33,616) (44,862) (84,419) (104,879)
Other income (expense):        
Interest income, net 8,086 6,479 25,739 17,251
Interest expense (114) (959) (1,023) (2,865)
Total other income, net 7,972 5,520 24,716 14,386
Loss before income taxes (25,644) (39,342) (59,703) (90,493)
Income tax benefit (expense) (223) 6 (564) (41)
Net loss (25,867) (39,336) (60,267) (90,534)
Other comprehensive loss:        
Unrealized gain (loss) on marketable securities 2,691 (58) 1,352 156
Comprehensive loss $ (23,176) $ (39,394) $ (58,915) $ (90,378)
Net loss per share attributable to common stockholders - basic $ (0.48) $ (0.81) $ (1.13) $ (1.89)
Net loss per share attributable to common stockholders - diluted $ (0.48) $ (0.81) $ (1.13) $ (1.89)
Weighted-average common shares outstanding - basic 53,821,893 48,348,094 53,367,256 47,777,446
Weighted-average common shares outstanding - diluted 53,821,893 48,348,094 53,367,256 47,777,446