v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (16,755) $ (15,566)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Non-cash lease cost 453 551
Share-based compensation 1,936 2,270
Changes in operating assets and liabilities:    
Collaboration receivable, current and non-current - related party 25,359 24,938
Other receivables 3 625
Prepaid expenses and other current assets 849 616
Accounts payable (538) (6,526)
Accrued expenses and other current liabilities 532 (10,997)
Deferred revenue, current and non-current 0 (12)
Deferred revenue - related party, current and non-current (258) (16,901)
Operating lease liability (852) (682)
Income taxes payable (220) (11)
Net cash provided by (used in) operating activities 10,509 (21,695)
Net increase (decrease) in cash and cash equivalents: 10,509 (21,695)
Cash, cash equivalents and restricted cash at beginning of period 40,265 52,889
Cash, cash equivalents and restricted cash at end of period $ 50,774 $ 31,194