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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue under licensing agreements $ 0 $ 0 $ 925 $ 0
Operating expenses:        
Research and development expenses 16,285 11,606 45,570 32,210
General and administrative expenses 5,895 3,613 16,448 8,640
Total operating expenses 22,180 15,219 62,018 40,850
Loss from operations (22,180) (15,219) (61,093) (40,850)
Other income (expense):        
Interest income 1,842 650 6,197 2,170
Interest expense (3) (4) (10) (9)
Other income 143 0 430 0
Other expense (19) (4) (1,154) (11)
Net loss $ (20,217) $ (14,577) $ (55,630) $ (38,700)
Per share information        
Net income (loss) per share, basic (in dollars per share) [1] $ (1.19) $ (32.67) $ (3.29) $ (87.66)
Net income (loss) per share, diluted (in dollars per share) [1] $ (1.19) $ (32.67) $ (3.29) $ (87.66)
Weighted-average shares of common stock outstanding, basic (in shares) [1] 16,953,443 446,255 16,932,976 441,498
Weighted-average shares of common stock outstanding, Diluted (in shares) [1] 16,953,443 446,255 16,932,976 441,498
[1] For the three and nine months ended September 30, 2023, net loss per share information is presented for the Company’s then outstanding Class A common stock. For the three and nine months ended September 30, 2024, net loss per share information is presented for the Company’s common stock. See Note 1, Reverse Merger and Pre-Closing Financing and Note 3, Net Loss Per Share Attributable to Common Stockholders, for additional information.