v3.26.1
Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:            
Total revenue $ 1,662   $ 2,666   $ 3,403 $ 20,055
Internal costs            
Total research and development expense 85,337   108,755   166,877 205,377
General and administrative expenses 23,356   34,450   41,966 56,745
Intangible assets impairment loss 41,824       41,824  
Total operating expenses 150,517   143,205   250,667 262,122
Loss from operations (148,855)   (140,539)   (247,264) (242,067)
Total other income (expense), net 4,877   191,299   10,233 193,864
Net income (loss) before income taxes (143,978)   50,760   (237,031) (48,203)
Income tax benefit 1,757   8,561   1,757 8,561
Net income (loss) (142,221) $ (93,053) 59,321 $ (98,963) (235,274) (39,642)
License            
Revenue:            
Total revenue           17,389
Collaboration            
Revenue:            
Total revenue 1,662   2,666   3,403 2,666
Single reportable segment            
Revenue:            
Total revenue 1,662   2,666   3,403 20,055
External costs            
CROs, CMOs and clinical trials 40,437   66,089   81,365 131,162
Professional consulting services 8,621   7,417   15,425 13,821
Other research and development costs 3,386   2,995   5,756 5,291
Internal costs            
Personnel-related costs 27,212   26,821   53,277 44,479
Facilities and overhead costs 5,681   5,433   11,054 10,624
Total research and development expense 85,337   108,755   166,877 205,377
General and administrative expenses 23,356   34,450   41,966 56,745
Intangible assets impairment loss 41,824       41,824  
Total operating expenses 150,517   143,205   250,667 262,122
Loss from operations (148,855)   (140,539)   (247,264) (242,067)
Total other income (expense), net 4,877   191,299   10,233 193,864
Net income (loss) before income taxes (143,978)   50,760   (237,031) (48,203)
Income tax benefit 1,757   8,561   1,757 8,561
Net income (loss) (142,221)   59,321   (235,274) (39,642)
Single reportable segment | License            
Revenue:            
Total revenue           17,389
Single reportable segment | Collaboration            
Revenue:            
Total revenue $ 1,662   $ 2,666   $ 3,403 $ 2,666