v3.26.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 53,989 $ 35,627
Marketable securities, short-term 62,876 135,930
Prepaid expenses and other current assets 5,387 6,749
Total current assets 122,252 178,306
Marketable securities, long-term 0 59,968
Restricted cash 231 232
Other assets, long-term 350 486
Total assets 122,833 238,992
Current liabilities    
Accounts payable 554 5,648
Accrued clinical trial expenses 10,616 15,344
Accrued expenses and other current liabilities 10,072 6,615
Debt, short-term 8,765 0
Total current liabilities 30,007 27,607
Debt, long-term 22,396 29,419
Other liabilities, long-term 0 150
Total liabilities 52,403 57,176
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2025 and 2024; 60,575,369 and 60,094,083 shares issued and outstanding as of December 31, 2025 and 2024, respectively 6 6
Additional paid-in capital 516,803 506,985
Accumulated deficit (446,462) (325,127)
Accumulated other comprehensive income (loss) 83 (48)
Total stockholders’ equity 70,430 181,816
Total liabilities and stockholders’ equity $ 122,833 $ 238,992