XML 35 R20.htm IDEA: XBRL DOCUMENT

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events From July 1, 2025 until the financial statements were issued, the Company granted 4,290 options to employees and 2,652 options were exercised. On July 4, 2025, the One Big Beautiful Bill (“OBBB”) Act, which includes a broad range of tax reform provisions, was signed into law in the United States. Included in this legislation are provisions that allow for the immediate expensing of domestic U.S. research and development expenses, a general requirement to reduce the deduction for research and development expense by any research credit taken, and other changes to the U.S. taxation of profits derived from foreign operations. The Company is currently evaluating the overall impact of the OBBB Act, including its potential effect on the Company’s estimated annual effective tax rate for 2025. On August 11, 2025, the Company entered into an at-the-market (“ATM”) equity offering sales agreement with Leerink Partners, LLC (“Leerink”), pursuant to which the Company may offer and sell, from time to time, shares of the Company’s common stock with an aggregate offering price up to $150.0 million through Leerink, as sales agent.