Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($) $ in Thousands |
12 Months Ended | |
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Dec. 31, 2024 |
Dec. 31, 2023 |
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Income Tax Disclosure [Abstract] | ||
Royalty agreement liabilities | $ 3,913 | $ 1,587 |
Net operating loss | 81,971 | 9,179 |
Section 174 R&D capitalization | 6,288 | 4,548 |
Stock-based compensation | 419 | 274 |
Accrued expenses and other | 354 | 132 |
Orphan drug credit | 199 | 199 |
Other tax credits | 24 | 0 |
Startup costs | 86 | 95 |
Net deferred tax assets | 93,254 | 16,014 |
Valuation allowance | (93,254) | (16,014) |
Net deferred tax asset | 0 | 0 |
(Increase) decrease in valuation allowance | $ (77,240) | $ 4,735 |
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued compensation and other costs No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to capitalized research and development. No definition available.
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- Definition Deferred tax assets, royalty agreement liabilities. No definition available.
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- Definition Deferred tax assets, startup costs. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of a valuation allowances, of deferred tax assets attributable to deductible tax credit carryforwards including, but not limited to, research, foreign, general business, alternative minimum tax, and other deductible tax credit carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible tax credit carryforwards, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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