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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2025
Research and development [1] $ 2,473 $ 20,347 $ 43,059
General and administrative [2] 158 5,538 18,081
Interest expense [3] 0 0 2,185
Related Party      
Research and development 2,473 6,175 21,244
General and administrative $ 90 $ 89 719
Interest expense     $ 865
[1] Includes related party amount of $6,175 and $21,244 for the three and nine months ended September 30, 2025, respectively, and $2,473 for the period from September 19, 2024 (inception) through September 30, 2024.
[2] Includes related party amount of $89 and $719 for the three and nine months ended September 30, 2025, respectively, and $90 for the period from September 19, 2024 (inception) through September 30, 2024.
[3] Includes related party amount of $865 for the nine months ended September 30, 2025.