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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents and Restricted Cash

The following table reconciles cash and cash equivalents and restricted cash per the balance sheets to the statements of cash flows (in thousands):

		December 31,
		2024				2023
Cash and cash equivalents		$	105,679			$	394,583
Restricted cash, current			208				1,903
Restricted cash, non-current			2,418				2,418
Total		$	108,305			$	398,904

Property and Equipment, Net

Estimated useful lives for property and equipment are as follows:

		Estimated Useful Life
Computer equipment		3 years
Furniture and fixtures		7 years
Lab equipment		7 years
Leasehold improvements		Lesser of estimated useful life or remaining lease term
Equipment under finance lease		Lesser of estimated useful life or remaining lease term

Schedule of Assumptions used in Black-Scholes Option Pricing Model for Stock Options Granted

The assumptions used in the Black-Scholes option pricing model for stock options granted for the years ending December 31, 2024, 2023 and 2022 were as follows:

		2024		2023		2022
Expected term		5.5 - 6.27 years		5.5 - 6.25 years		6.0 - 6.3 years
Expected volatility		86% - 87%		75% - 80%		68% - 75%
Risk free interest rate		3.82% - 4.56%		3.92% - 4.06%		1.56% - 3.88%
Expected dividend yield		—  %		—  %		—  %

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Property plant and equipment estimated lives.

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Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Paragraph 8
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-Topic 230
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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.

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