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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses:        
Research and development $ 15,964 $ 7,873 $ 27,139 $ 15,326
General and administrative 3,333 2,387 7,035 4,856
Total operating expenses 19,297 10,260 34,174 20,182
Loss from operations (19,297) (10,260) (34,174) (20,182)
Interest income and other expense, net 2,047 639 3,831 1,164
Change in fair value of warrant liability   2,012   27,141
Income (loss) before equity method investment (17,250) (7,609) (30,343) 8,123
Loss from equity method investment (709) (389) (1,308) (928)
Net (loss) income $ (17,959) $ (7,998) $ (31,651) $ 7,195
Net (loss) income per share, basic $ (0.19) $ (0.1) $ (0.35) $ 0.1
Net loss per share, diluted $ (0.19) $ (0.1) $ (0.35) $ (0.26)
Shares used to compute net (loss) income per share, basic 92,368,013 77,774,344 91,188,921 74,966,022
Shares used to compute net loss per share, diluted 92,368,013 77,774,344 91,188,921 76,521,708
Other comprehensive (loss) income:        
Unrealized loss on marketable securities $ (487) $ (19) $ (821) $ (42)
Cumulative foreign currency translation adjustment 320 125 424 182
Comprehensive (loss) income $ (18,126) $ (7,892) $ (32,048) $ 7,335