v3.26.1
Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Liabilities:    
Derivative liabilities - royalty agreement $ 2,157 $ 2,041
Derivative liabilities - contingent value right liability 0 2,196
Recurring Basis [Member]    
Current assets:    
Cash and cash equivalents 206,394 57,982
U.S. Treasury 55,459  
Total assets measured at fair value 261,853 57,982
Liabilities:    
Derivative liabilities - royalty agreement 2,157 2,041
Derivative liabilities - contingent value right liability   2,196
Total liabilities measured at fair value 2,157 4,237
Recurring Basis [Member] | Level 1 [Member]    
Current assets:    
Cash and cash equivalents 206,394 57,982
U.S. Treasury 0  
Total assets measured at fair value 206,394 57,982
Liabilities:    
Derivative liabilities - royalty agreement 0 0
Derivative liabilities - contingent value right liability   0
Total liabilities measured at fair value 0 0
Recurring Basis [Member] | Level 2 [Member]    
Current assets:    
Cash and cash equivalents 0 0
U.S. Treasury 55,459  
Total assets measured at fair value 55,459 0
Liabilities:    
Derivative liabilities - royalty agreement 0 0
Derivative liabilities - contingent value right liability   0
Total liabilities measured at fair value 0 0
Recurring Basis [Member] | Level 3 [Member]    
Current assets:    
Cash and cash equivalents 0 0
U.S. Treasury 0  
Total assets measured at fair value 0 0
Liabilities:    
Derivative liabilities - royalty agreement 2,157 2,041
Derivative liabilities - contingent value right liability   2,196
Total liabilities measured at fair value $ 2,157 $ 4,237