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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development 115,754 60,153 265,904 101,543
General and administrative 16,843 14,421 30,818 28,500
Total operating expenses 132,597 74,574 296,722 130,043
Loss from operations (132,597) (74,574) (296,722) (130,043)
Other income (expense):        
Amortization of financing costs 0 (24) 0 (48)
Interest income, net 4,545 9,033 10,345 18,897
Realized gain on investments 30 4 30 4
Total other income, net 4,575 9,013 10,375 18,853
Net loss (128,022) (65,561) (286,347) (111,190)
Other comprehensive loss, net of tax:        
Unrealized (loss) gain on investments (299) 26 (1,549) 589
Foreign currency translation gain 2 24 18 33
Comprehensive loss $ (128,319) $ (65,511) $ (287,878) $ (110,568)
Basic net loss per common share $ (1.10) $ (0.58) $ (2.47) $ (0.99)
Diluted net loss per common share $ (1.10) $ (0.58) $ (2.47) $ (0.99)
Weighted-average shares used to compute basic net loss per share 116,262,723 112,134,425 115,917,319 112,101,932
Weighted-average shares used to compute diluted net loss per share 116,262,723 112,134,425 115,917,319 112,101,932