v3.26.1
SEGMENT - Financial Information including significant segment expenses (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting Information [Line Items]      
Number of operating segments | segment 1    
Number of reportable segments | segment 1    
Expenses      
Research and development $ 45,377 $ 29,939 $ 24,844
Stock-based compensation      
Share-based compensation 38,919 8,987 3,823
Total operating expenses 84,208 39,996 31,668
Operating loss (84,208) (39,996) (31,668)
Interest income 6,640 3,737 74
Interest Expense 2 20 25
Other income (expense) (41) 141 (4)
Income tax expense 0 6 9
Net Income (Loss) (77,611) (36,144) (31,632)
Single Reportable Segment      
Expenses      
Selling, General and administrative 8,900 4,693 4,578
Stock-based compensation      
Interest Expense (2) (20) (25)
Single Reportable Segment | Operating segment      
Expenses      
Research and development 35,925 25,867 22,868
Wages and salaries 2,942 1,683 1,488
Consultancy and professional service fees 3,516 1,548 1,794
Insurance expense 1,047 989 995
Other expenses 1,395 473 301
Total operating expenses, excluding share-based compensation 44,825 30,560 27,446
Stock-based compensation      
Share-based compensation 38,919 8,987 3,823
Depreciation and amortization expense 464 449 399
Total operating expenses 84,208 39,996 31,668
Operating loss (84,208) (39,996) (31,668)
Interest income 6,640 3,737 74
Other income (expense) (41) 141 (4)
Income tax expense   6 9
Net Income (Loss) (77,611) (36,144) (31,632)
Single Reportable Segment | Research and development | Operating segment      
Expenses      
Wages and salaries 2,622 2,144 1,379
Contracted research expenses and clinical trial expenses 28,334 18,057 20,038
Consultancy and professional service fees 3,986 1,698 881
Royalties 120 3,353 118
Other expenses 863 615 452
Stock-based compensation      
Total stock-based compensation 9,147 3,775 1,716
Single Reportable Segment | Selling, general and administrative | Operating segment      
Stock-based compensation      
Total stock-based compensation $ 29,772 $ 5,212 $ 2,107