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Balance Sheet Details (Tables)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventory

Inventory consisted of the following:

			December 31, 2025						December 31, 2024
Raw materials			$	—					$	—
Work in process			2,004						—
Finished goods			18						—
			$	2,022					$	—

Schedule of Components of Prepaid Expenses and Other Current Assets

Prepaid expenses and other assets consisted of the following:

			December 31, 2025						December 31, 2024
Prepaid clinical costs			$	19,547					$	6,842
Interest receivable			7,758						8,310
Deferred compensation plan			3,249						829
Prepaid research and development costs			2,901						714
Loyal preferred stock (Note 8)			2,000						2,000
Prepaid subscriptions			1,255						2,561
Other			3,456						2,392
Total prepaid expenses and other assets			40,166						23,648
Less prepaid expenses and other current assets			(17,839)						(20,819)
Prepaid expenses and other assets, net of current portion			$	22,327					$	2,829

Schedule of Components of Property and Equipment, Net

Property and equipment, net consisted of the following:

			December 31, 2025						December 31, 2024
Leasehold improvements			$	10,003					$	11,900
Lab equipment			9,960						5,693
Office equipment			2,225						2,147
Computers and software			60						60
Property and equipment at cost			22,248						19,800
Less accumulated depreciation and amortization			(7,952)						(7,732)
Total			$	14,296					$	12,068

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:

			December 31, 2025						December 31, 2024
Accounts payable			$	22,611					$	5,853
Accrued clinical trial costs			7,369						3,076
Accrued research and development costs			4,506						6,067
Accrued outside services and professional fees			4,430						5,572
Other accrued expenses			2,854						901
Total			$	41,770					$	21,469

X

- Definition

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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