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Stock-Based Compensation (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Summary of Assumptions Used in Black-Scholes Option Pricing Model

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Risk-free interest rate

 

N/A

4.20%

4.12% - 4.34%

3.38% - 4.22%

Expected volatility

 

N/A

80.8%

89.6% - 89.8%

76.3% - 81.3%

Expected dividend yield

 

N/A

0%

0%

0%

Expected life of employee and Board options (in years)

 

N/A

6.25

 

6.25

6.25

 

Year Ended December 31, 

    

2023

    

2022

    

2021

 

Risk-free interest rate

 

3.38% - 4.65

%  

1.70% - 4.21

%  

0.66% - 1.41

%

Expected volatility

 

76.3% - 81.3

%  

77.7% - 81.9

%  

71.6% - 83.5

%

Expected dividend yield

 

0

%  

0

%  

0

%

Expected life of employee and Board options (in years)

 

6.25

 

6.25

 

6.25

Summary of Compensation Expense Recognized  

Year Ended December 31, 

    

2023

    

2022

    

2021

Research and development

$

5,973

$

7,222

$

7,126

General and administrative

 

5,634

 

6,426

 

9,569

Total stock option expense

$

11,607

$

13,648

$

16,695

Summary of Stock Option Activity

Weighted

Number of

Average Exercise

    

Shares

    

 Price

Outstanding, December 31, 2023

 

658,138

$

155.88

Granted

 

253,760

 

10.32

Exercised

 

 

Forfeited

 

(275,941)

 

60.96

Expired

 

(280,993)

 

179.04

Outstanding, September 30, 2024

 

354,964

$

107.40

Options exercisable, September 30, 2024

 

190,407

Weighted

Aggregate

Number of

Average Exercise

Intrinsic

    

Shares

    

 Price

    

Value

Outstanding, December 31, 2022

 

640,787

$

172.20

 

  

Granted

 

167,056

 

97.80

 

  

Exercised

 

(7,768)

 

72.00

 

  

Forfeited

 

(23,836)

 

111.00

 

  

Expired

 

(118,101)

 

176.88

 

  

Outstanding, December 31, 2023

 

658,138

$

155.88

$

Weighted average remaining contractual life as of December 31, 2023 (in years)

 

6.71

 

  

 

  

Options exercisable, December 31, 2023

 

403,337

$

176.28

$

Weighted average remaining contractual life as of December 31, 2023 (in years)

 

5.46

 

  

 

  

Options vested and expected to vest as of December 31, 2023

 

658,138

$

155.88

$

Weighted average remaining contractual life as of December 31, 2023 (in years)

 

6.71

 

  

 

  

Employees And Non-Employee Members Of Board Of Directors    
Summary of Restricted Stock Unit Activity

Weighted

Number of

Average Grant

    

Units

    

Date Fair Value

Outstanding, December 31, 2023

 

47,194

$

111.24

Awarded

 

75,323

 

7.92

Vested and released

 

(30,494)

 

93.72

Forfeited

 

(11,362)

 

126.84

Outstanding, September 30, 2024

 

80,661

$

19.20

Restricted stock units exercisable (vested and deferred), September 30, 2024

 

Weighted

Number of

Average Grant

    

Units

    

Date Fair Value

Outstanding, December 31, 2022

 

31,043

$

158.40

Awarded

 

50,098

 

93.72

Vested and released

 

(16,939)

 

149.52

Forfeited

 

(17,008)

 

107.52

Outstanding, December 31, 2023

 

47,194

$

111.24

Restricted stock units exercisable (vested and deferred), December 31, 2023

 

Stock Options    
Summary of Compensation Expense Recognized

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Research and development

$

16

$

1,387

$

795

$

4,314

General and administrative

 

1,120

 

1,447

 

3,494

 

4,122

Total stock option expense

$

1,136

$

2,834

$

4,289

$

8,436

 
Restricted Stock Units    
Summary of Compensation Expense Recognized

Three Months Ended

Nine Months Ended

September 30, 

September 30,

    

2024

    

2023

    

2024

    

2023

Research and development

 

$

$

90

$

249

$

385

General and administrative

353

410

2,036

1,308

Total restricted stock unit expense

 

$

353

$

500

$

2,285

$

1,693