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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues:    
Grant revenue $ 20,581 $ 7,046
Collaboration revenue - related party 27,025 95,802
Collaboration revenue $ 371 $ 933
Type of Revenue [Extensible List] us-gaap:LicenseMember us-gaap:LicenseMember
Total revenues $ 47,977 $ 103,781
Less:    
Research and development 96,757 51,440
General and administrative 23,704 25,554
Restructuring 877 0
Impairment of long-term asset 0 5,306
Total operating expenses 121,338 82,300
Income (loss) from operations (73,361) 21,481
Other income (expense):    
Interest income 4,735 3,937
Other income (expense), net 60 (14)
Total other income, net 4,795 3,923
Net income (loss) before income taxes (68,566) 25,404
Income tax expense 0 (2,598)
Net income (loss) and comprehensive income (loss) $ (68,566) $ 22,806
Net income (loss) per share attributable to common stockholders, basic $ (1.27) $ 0.43
Net income (loss) per share attributable to common stockholders, diluted $ (1.27) $ 0.43
Weighted average common shares outstanding, basic: 54,037,917 52,703,467
Weighted average common shares outstanding, diluted: 54,037,917 52,989,030