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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Collaboration and license revenue $ 0 $ 33,271 $ 400 $ 39,111
Grant revenue 298 174 998 174
Total revenue 298 33,445 1,398 39,285
Operating expenses:        
Research and development 14,869 12,661 29,543 22,399
General and administrative 7,240 7,027 15,555 16,477
Total operating expenses 22,109 19,688 45,098 38,876
Operating (loss) income (21,811) 13,757 (43,700) 409
Interest income 1,748 1,195 3,763 2,359
Change in fair value of warrant liabilities 654 (3,908) 2,472 (2,866)
Change in fair value of contingent value right liability 35,300 2,500 35,646 (36,800)
Change in fair value of forward contract liabilities 0 0 0 (6,890)
Other (expense) income, net (5) 292 (5) 800
Net income (loss) 15,886 13,836 (1,824) (42,988)
Other comprehensive income:        
Foreign currency translation adjustment 12 14 44 9
Total comprehensive income (loss) 15,898 13,850 (1,780) (42,979)
Net income (loss) 15,886 13,836 (1,824) (42,988)
Less: Undistributed earnings allocable to participating securities, basic (2,628) (4,208) 0 0
Less: Undistributed earnings allocable to participating securities, diluted (2,628) (4,208) 0 0
Net income (loss) allocable to shares of common stock - basic 13,258 9,628 (1,824) (42,988)
Net income (loss) allocable to shares of common stock - diluted $ 13,258 $ 9,628 $ (1,824) $ (42,988)
Net income (loss) per share allocable to common stockholders:        
Basic (in dollars per share) $ 0.51 $ 0.58 $ (0.07) $ (3.88)
Diluted (in dollars per share) $ 0.50 $ 0.54 $ (0.07) $ (3.88)
Weighted-average common shares outstanding:        
Basic (in shares) 25,980,262 16,723,479 25,941,670 11,068,749
Diluted (in shares) 26,447,251 17,791,143 25,941,670 11,068,749