v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (7,203) $ (13,866)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash lease cost 226 273
Share-based compensation 1,114 1,556
Changes in operating assets and liabilities:    
Collaboration receivable, current and non-current - related party 25,359 25,780
Other receivables (16) 2,417
Prepaid expenses and other current assets 195 363
Accounts payable (476) (5,541)
Accrued expenses and other current liabilities (2,436) (9,536)
Deferred revenue, current and non-current (0) (12)
Deferred revenue - related party, current and non-current (258) (5,099)
Operating lease liability (421) (337)
Income taxes (220) 0
Net cash (used in) provided by operating activities 15,864 (4,002)
Cash flows from financing activities:    
Net decrease in cash and cash equivalents: 15,864 (4,002)
Cash, cash equivalents and restricted cash at beginning of period 40,265 52,889
Cash, cash equivalents and restricted cash at end of period $ 56,129 $ 48,887