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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses        
Research and development $ 6,121 $ 2,327 $ 11,804 $ 5,003
General and administrative 5,671 1,344 11,326 2,577
Total operating expenses 11,792 3,671 23,130 7,580
Net operating loss (11,792) (3,671) (23,130) (7,580)
Interest income 954 104 1,884 222
Interest expense   (9)   (17)
Other income (expense), net (9) 1 (9) 1
Net loss $ (10,847) $ (3,575) $ (21,255) $ (7,374)
Net loss per share, basic $ (0.27) $ (1.83) $ (0.56) $ (4.65)
Net loss per share, diluted $ (0.27) $ (1.83) $ (0.56) $ (4.65)
Weighted average number of common shares and prefunded warrants outstanding, basic 39,572,177 1,958,245 38,086,800 1,586,650
Weighted average number of common shares and prefunded warrants outstanding, diluted 39,572,177 1,958,245 38,086,800 1,586,650