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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating expenses:    
Research and development $ 11,175 $ 7,453
General and administrative 3,702 2,469
Total operating expenses 14,877 9,922
Loss from operations (14,877) (9,922)
Interest income and other expense, net 1,784 525
Change in fair value of warrant liability   25,129
Loss before equity method investment (13,093) 15,732
Loss from equity method investment (599) (539)
Net (loss) income $ (13,692) $ 15,193
Net (loss) income per share, basic $ (0.15) $ 0.21
Net loss per share, diluted $ (0.15) $ (0.13)
Shares used to compute net (loss) income per share, basic 89,996,728 72,126,496
Shares used to compute net loss per share, diluted 89,996,728 75,152,514
Other comprehensive (loss) income:    
Unrealized loss on marketable securities $ (334) $ (23)
Cumulative foreign currency translation adjustment 104 57
Comprehensive (loss) income $ (13,922) $ 15,227