v3.26.1
Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
EXPENSES        
Total operating expenses $ 18,392 $ 12,563 $ 28,855 $ 25,457
OTHER INCOME        
Interest income 1,476 192 1,773 514
Interest expense [note 6] (277) (191) (551) (376)
Change in fair value of contingent consideration [note 4 and note 5] (100) (97) 185 (188)
Other (expenses) income (5) (59) (18) (38)
Warrant issuance cost [note 7b] (8,799)   (8,799)  
Change in fair value of warrant liability [note 5] (48,528)   (48,528)  
Change in fair value of pre-funded warrant liability [note 5] (144)   (144)  
Total other income (56,377) (155) (56,082) (88)
Net loss (74,769) (12,718) (84,937) (25,545)
OTHER COMPREHENSIVE LOSS        
Net unrealized loss on marketable securities (90) (3) (98) (28)
Total other comprehensive loss (90) (3) (98) (28)
Comprehensive loss $ (74,859) $ (12,721) $ (85,035) $ (25,573)
Basic net loss per common share [note 7[d]] $ (0.80) $ (0.37) $ (1.15) $ (0.74)
Diluted net loss per common share [note 7[d]] $ (0.80) $ (0.37) $ (1.15) $ (0.74)
Weighted average shares used in computation of basic net loss per common share [note 7[d]] 93,510,544 34,685,072 73,557,119 34,685,072
Weighted average shares used in computation of diluted net loss per common share [note 7[d]] 93,510,544 34,685,072 73,557,119 34,685,072
Nonrelated Party [Member]        
EXPENSES        
Research and development $ 3,390 $ 6,707 $ 6,365 $ 13,804
General and administrative 14,560 $ 5,856 21,707 $ 11,653
Related Parties [Member]        
EXPENSES        
Research and development - related parties [note 8] 418   735  
General and administrative - related parties [note 8] $ 24   $ 48