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Segment Reporting (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting      
Number of operating segments | segment 1    
Revenue $ 63,723 $ 58,443 $ 51,494
Cost of product revenue 5,626 5,281 4,540
Research and Development      
Stock-based compensation (33,109) (17,825) (16,964)
Depreciation (3,786) (2,983) (2,109)
Interest expense (13,577) (11,338) (7,022)
Interest income 20,282 3,983 798
Net Income (Loss) (193,506) (80,736) (71,038)
Single Reportable Segment      
Segment Reporting      
Revenue 63,723 58,443 51,494
Cost of product revenue 5,626 5,281 4,540
Research and Development      
Direct Program Expenses: AXPAXLI for wet AMD 57,507 8,750 5,296
Direct Program Expenses: Other clinical and preclinical programs 8,099 11,191 7,892
Unallocated expenses, Personnel costs 28,625 22,617 20,854
Unallocated expenses, All other costs 16,236 5,720 8,510
Selling & Marketing 38,029 36,564 34,920
General and Administrative 38,861 23,838 23,766
Facilities 5,626 6,056 5,297
Stock-based compensation 33,109 17,825 16,964
Depreciation 3,786 2,983 2,109
Interest expense 20,282 3,983 798
Interest income (13,577) (11,338) (7,022)
Other non-operating items (28,430) 9,001 13,840
Net Income (Loss) $ (193,506) $ (80,736) $ (71,038)