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Condensed Statements of Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Condensed Statements of Comprehensive (Loss) Income [Abstract]        
License and collaborations revenue $ 3,867 $ 11,935 $ 6,690 $ 17,358
Operating expenses:        
General and administrative 2,894 2,055 10,918 8,680
Research and development 8,982 3,494 19,817 13,812
Total operating expenses 11,876 5,549 30,735 22,492
(Loss) income from operations (8,009) 6,386 (24,045) (5,134)
Financing costs (Note 6) 0 (1,328) 0 (1,328)
Fair value change in derivative liabilities 0 61 0 61
Other income, net 483 456 1,648 1,224
(Loss) income before income taxes (7,526) 5,575 (22,397) (5,177)
Provision for income taxes 0 (14) 0 (14)
Net (loss) income (7,526) 5,561 (22,397) (5,191)
Other comprehensive (loss) income, net of tax 0 0 0 0
Comprehensive (loss) income $ (7,526) $ 5,561 $ (22,397) $ (5,191)
Net (loss) income per share (Note 10):        
Basic (in dollars per share) $ (0.29) $ 0.26 $ (0.88) $ (0.25)
Diluted (in dollars per share) $ (0.29) $ 0.25 $ (0.88) $ (0.25)
Number of shares used in per share calculations:        
Basic (in shares) 26,145,080 21,446,648 25,501,117 21,117,211
Diluted (in shares) 26,145,080 22,405,995 25,501,117 21,117,211