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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating expenses:        
Research and development $ 13,648 $ 18,864 $ 45,244 $ 45,362
General and administrative 6,039 6,276 18,754 18,883
Total operating expenses 19,687 25,140 63,998 64,245
Loss from operations (19,687) (25,140) (63,998) (64,245)
Other income (expense), net:        
Interest income 1,506 2,698 5,232 6,838
Other (expense) income, net (53) 1 (154) (318)
Total other income, net 1,453 2,699 5,078 6,520
Net loss $ (18,234) $ (22,441) $ (58,920) $ (57,725)
Net loss per share—basic $ (0.47) $ (0.59) $ (1.53) $ (1.79)
Net loss per share—diluted $ (0.47) $ (0.59) $ (1.53) $ (1.79)
Weighted-average common stock outstanding—basic 38,560,464 38,105,131 38,458,279 32,297,457
Weighted-average common stock outstanding—diluted 38,560,464 38,105,131 38,458,279 32,297,457
Comprehensive loss:        
Net loss $ (18,234) $ (22,441) $ (58,920) $ (57,725)
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale investments, net of tax 6 801 (335) 865
Comprehensive loss $ (18,228) $ (21,640) $ (59,255) $ (56,860)