v3.25.2
Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 57,626 $ 37,573
Marketable securities 0 39,183
Prepaid expenses and other current assets 1,402 838
Prepaid research and development 1,287 1,221
Total current assets 60,315 78,815
Property and equipment, net 5,340 9,331
Right of use assets - operating leases 13,273 13,803
Other assets 270 463
Total assets 79,198 102,412
Current liabilities:    
Accounts payable 2,395 742
Accrued expenses and other current liabilities 4,073 6,707
Non-refundable sublicense and transition services payments received 9,741 8,226
Operating lease liabilities 3,592 3,688
Total current liabilities 19,801 19,363
Operating lease liabilities - noncurrent 21,139 21,788
Total liabilities 40,940 41,151
Commitments and contingencies (note 11)
Stockholders' equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized; no shares issued and outstanding at both June 30, 2025 and December 31, 2024
Additional paidin capital 722,283 720,488
Accumulated other comprehensive income (loss)   8
Accumulated deficit (684,025) (659,235)
Total stockholders' equity 38,258 61,261
Total liabilities and stockholders' equity $ 79,198 $ 102,412