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Segment Disclosures (Tables)
9 Months Ended
Sep. 30, 2025
Segment Disclosures [Abstract]  
Schedule of Segment Loss from Operations

The following table summarizes the segment loss from operations, including significant segment expenses (in thousands):

 

    Three Months
Ended
September 30,
2025
    Three Months
Ended September 30,
2024
    Nine Months Ended
September 30,
2025
    Period from
February 6,
2024
(inception) to
September 30,
2024
 
Research and development personnel-related (excluding stock-based compensation)   $ 3,774     $ 1,304     $ 9,538     $ 2,374  
General and administrative personnel-related (excluding stock-based compensation)     1,945       1,206       5,356       3,131  
Research and development stock-based compensation     8,341       7,772       14,712       8,310  
General and administrative stock-based compensation     1,824       1,229       5,413       1,459  
External research and development     15,581       15,908       45,607       37,926  
Other research and development     1,292       707       3,143       947  
General and administrative, excluding personnel-related and stock-based compensation     1,348       1,323       3,851       3,658  
Total operating expenses   $ 34,105     $ 29,449     $ 87,620     $ 57,805  
Loss from operations   $ (34,105 )   $ (29,449 )   $ (87,620 )   $ (57,805 )