XML 62 R55.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Collaboration Agreement - Additional Information (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Feb. 28, 2022
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Deferred revenue, description       Under the LianBio License Agreement, in order to evaluate the transaction price for purposes of ASC 606, the Company determined that the upfront payment of $12.0 million and the reimbursable cost of the clinical supply of LYR-210 constitute the entirety of the consideration to be included in the transaction price as of the outset of the arrangement, which was allocated to the two performance obligations as follows: $8.4 million to the Combined Performance Obligation and $3.6 million to the Development Activities Performance Obligation. In February 2022, the Company received $5.0 million upon achievement of the first of the development milestones related to dosing its first patient and the transaction price was adjusted by $5.0 million which was allocated to the two performance obligations as follows: $3.5 million to the Combined Performance Obligation and $1.5 million to the Development Activities Performance Obligation. The remaining potential milestone payments that the Company is eligible to receive were excluded from the transaction price as of June 30, 2024, as all milestone amounts were fully constrained based on the probability of achievement.  
Combined performance obligation   $ 8,400,000   $ 8,400,000  
Development activities performance obligation   3,600,000   3,600,000  
Collaboration revenue   598,000 $ 458,000 1,130,000 $ 868,000
Change in transaction price       0  
Clinical Supply Agreement          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Upfront payment recognition in future periods to settlement of obligation   12,000,000   12,000,000  
Milestone Achievements          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Upfront payment recognition in future periods to settlement of obligation $ 5,000,000        
Combined performance obligation 3,500,000        
Development activities performance obligation   1,500,000   1,500,000  
Collaboration revenue $ 5,000,000        
Post-Milestone          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Upfront payment recognition in future periods to settlement of obligation   17,000,000   17,000,000  
Combined performance obligation   11,862,000   11,862,000  
Development activities performance obligation   $ 5,138,000   $ 5,138,000