v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 2,959 $ 28,301 $ 5,020 $ 57,683
Operating expenses:        
Research and development, net 17,515 29,579 39,042 64,471
General and administrative 10,989 10,338 20,454 21,654
Total operating expenses 28,504 39,917 59,496 86,125
Loss from operations (25,545) (11,616) (54,476) (28,442)
Finance income, net 1,819 2,567 3,751 5,339
Other expense (59) (127) (24) (149)
Net loss before income taxes (23,785) (9,176) (50,749) (23,252)
Provision for income taxes 0 4 0 4
Net loss $ (23,785) $ (9,180) $ (50,749) $ (23,256)
Net loss per share:        
Basic $ (0.84) $ (0.34) $ (1.79) $ (0.86)
Diluted $ (0.84) $ (0.34) $ (1.79) $ (0.86)
Weighted-average shares outstanding:        
Basic 28,423 27,129 28,422 27,118
Diluted 28,423 27,129 28,422 27,118
Comprehensive loss:        
Net loss $ (23,785) $ (9,180) $ (50,749) $ (23,256)
Comprehensive loss (23,785) (9,180) (50,749) (23,256)
Collaboration Revenue [Member]        
Revenue:        
Total revenue 880 24,510 1,490 49,987
Grant Revenue [Member]        
Revenue:        
Total revenue $ 2,079 $ 3,791 $ 3,530 $ 7,696