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Unaudited Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Unaudited Consolidated Statements of Operations and Comprehensive Loss        
Collaboration revenues $ 45,250 $ 3,385 $ 48,979 $ 15,979
Operating expenses:        
Research and development 197 11,326 11,777 44,095
General and administrative 1,239 5,203 8,500 16,208
Total operating expenses 1,436 16,529 20,277 60,303
Operating loss 43,814 (13,144) 28,702 (44,324)
Gain (loss) on sale of held for sale assets 320 0 (3,219) 0
Loss on abandonment of operating lease right-of-use asset 0 0 (927) 0
Other income, net 583 442 1,121 1,482
Pre-tax income(loss) 44,717 (12,702) 25,677 (42,842)
Income tax expense 0 0 0 0
Net income(loss) $ 44,717 $ (12,702) $ 25,677 $ (42,842)
Share information:        
Net income (loss) per share of common stock, basic (in dollars per share) $ 1.07 $ (0.31) $ 0.61 $ (1.04)
Net income (loss) per share of common stock, diluted (in dollars per share) $ 1.07 $ (0.31) $ 0.61 $ (1.04)
Weighted-average shares of common stock outstanding, basic (in shares) 41,788,096 41,588,035 41,782,530 41,357,528
Weighted-average shares of common stock outstanding, diluted (in shares) 41,940,292 41,588,035 41,936,380 41,357,528