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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating expenses:          
Research and development $ 3,111 $ 3,721 $ 23,650 $ 15,866  
General and administrative 1,243 727 4,457 2,799  
Total operating expenses 4,354 4,448 28,107 18,665  
Loss from operations (4,354) (4,448) (28,107) (18,665)  
Other income, net     (2,037)    
Impairment of long-lived assets     0 0  
Net loss $ (9,579) $ (4,202) $ (29,397) $ (17,347)  
Net loss per share:          
Basic (in dollars per share) $ (0.5) $ (0.22) $ (1.53) $ (0.91)  
Diluted (in dollars per share) $ (0.5) $ (0.22) $ (1.53) $ (0.91)  
Weighted average shares:          
Basic (in shares) 19,203,089 19,181,898 19,193,932 19,134,096  
Diluted (in shares) 19,203,089 19,181,898 19,193,932 19,134,096  
Other comprehensive income, net of tax of $0:          
Comprehensive loss $ (9,577) $ (4,202)      
Cara Therapeutics, Inc.          
Revenue:          
Total revenue 2,569 2,135 $ 7,137 $ 20,968 $ 41,867
Operating expenses:          
Cost of goods sold   620 620 6,174 7,266
Research and development 319 21,964 32,805 108,510 91,879
General and administrative 4,636 6,816 26,530 27,779 30,257
Restructuring 0 2,401 5,565    
Total operating expenses 4,955 31,801 65,520 142,463 129,402
Loss from operations (2,386) (29,666) (58,383) (121,495) (87,535)
Other income, net 347 952 2,828 3,586 2,061
Impairment of long-lived assets     (4,274) 0 0
Non-cash interest expense on liability related to sales of future royalties and milestones (2,867) (1,982) (8,473) (604)  
Loss before benefit from income taxes     (71,265) (118,513) (85,474)
Net loss $ (4,906) $ (30,696) $ (70,867) $ (118,513) $ (85,474)
Net loss per share:          
Basic (in dollars per share) $ (3.22) $ (20.24) $ (46.6) $ (78.79) $ (57.35)
Diluted (in dollars per share) $ (3.22) $ (20.24) $ (46.6) $ (78.79) $ (57.35)
Weighted average shares:          
Basic (in shares) 1,524,116 1,516,336 1,520,913 1,504,141 1,490,377
Diluted (in shares) 1,524,116 1,516,336 1,520,913 1,504,141 1,490,377
Other comprehensive income, net of tax of $0:          
Change in unrealized gains on available-for-sale marketable securities   $ 69 $ 260 $ 1,412 $ (1,314)
Comprehensive loss $ (4,906) (30,627)      
Collaborative revenue | Cara Therapeutics, Inc.          
Revenue:          
Total revenue 1,198 788 2,086 12,936 16,572
Commercial supply revenue | Cara Therapeutics, Inc.          
Revenue:          
Total revenue   640 640 5,843 10,223
License and milestone fees | Cara Therapeutics, Inc.          
Revenue:          
Total revenue       910 15,000
Royalty revenue | Cara Therapeutics, Inc.          
Revenue:          
Total revenue       415 $ 72
Clinical compound revenue | Cara Therapeutics, Inc.          
Revenue:          
Total revenue 48 84 84 165  
Other revenue | Cara Therapeutics, Inc.          
Revenue:          
Total revenue $ 1,323 $ 623 $ 4,327 $ 699