v3.26.3
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible List] License [Member] License [Member] License [Member] License [Member]
Related party license revenue $ 0 $ 1,000 $ 0 $ 1,000
Operating expenses:        
Research and development 21,566 7,618 44,213 26,218
General and administrative 5,480 4,098 14,533 12,919
Expense from operations 27,046 11,716 58,746 39,137
Loss from operations (27,046) (10,716) (58,746) (38,137)
Other income (expense):        
Interest income 1,855 674 3,687 1,973
Other expense (12) (14) (64) (52)
Total other income 1,843 660 3,623 1,921
Net loss (25,203) (10,056) (55,123) (36,216)
Unrealized gain (loss) on investments 1 2 (68) 1
Comprehensive loss $ (25,202) $ (10,054) $ (55,191) $ (36,215)
Net loss per share – basic (in dollars per share) $ (0.14) $ (0.14) $ (0.39) $ (0.62)
Net loss per share – diluted (in dollars per share) $ (0.14) $ (0.14) $ (0.39) $ (0.62)
Weighted-average shares outstanding – basic (in shares) 183,224,648,000 72,184,818,000 142,408,056,000 58,102,543,000
Weighted-average shares outstanding – diluted (in shares) 183,224,648,000 72,184,818,000 142,408,056,000 58,102,543,000