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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (26,036) $ (17,975)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 2,744 2,533
Depreciation expense 222 70
Non-cash lease expense 438 84
Accretion of net investment discounts (3,277) (346)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (6,626) (3,045)
Other non-current assets (2) (59)
Accounts payable 1,819 (923)
Accrued expenses and other current liabilities (3,034) (555)
Operating lease liabilities (328) (92)
Net cash used in operating activities (34,080) (20,308)
Cash flows from investing activities    
Purchases of short-term investments (31,920) (190,096)
Maturities of short-term investments 33,500 141,080
Purchases of property and equipment (162)  
Net cash provided by (used in) investing activities 1,418 (49,016)
Cash flows from financing activities    
Proceeds from issuance of common stock in initial public offering, net of underwriting discount and commissions   172,296
Payments of offering costs (53) (2,601)
Proceeds from exercise of share options 755 31
Net cash provided by financing activities 702 169,726
Net change in cash and cash equivalents (31,960) 100,402
Beginning of the period 129,792 26,091
End of the period $ 97,832 126,493
Supplemental disclosures of noncash investing and financing activities    
Conversion of redeemable convertible preferred shares into ordinary shares upon initial public offering   199,975
Offering costs included in accounts payable and accrued expenses and other current liabilities   $ 416