Strategic transactions and agreements (Tables)

12 Months Ended

Dec. 31, 2024

Ayala Pharmaceuticals

Asset Acquisition [Line Items]

Schedule of fair values of the assets acquired and liabilities

The consideration paid and the relative fair values of the assets acquired and liabilities assumed were as follows (in thousands):

	Amount
Common stock issued to Ayala	$	50,645
Upfront consideration paid to Ayala		20,039
Transaction costs		657
Consideration paid	$	71,341
Assets acquired:
In-process research and development	$	73,382
Other long-term assets		2,480
Total assets acquired	$	75,862
Liabilities assumed:
Accrued expenses	$	4,521
Total liabilities assumed	$	4,521
Net assets acquired	$	71,341

Morphimmune

Asset Acquisition [Line Items]

Schedule of fair values of the assets acquired and liabilities

The consideration paid and the relative fair values of assets acquired and liabilities assumed were as follows (in thousands):

	Amount
Common stock issued to Morphimmune shareholders	$	72,453
Share-based equity awards allocated to consideration paid		14,708
Transaction costs		792
Consideration paid	$	87,953
Assets acquired:
Cash and cash equivalents	$	10,068
Prepaid expenses and other current assets		191
Property and equipment		646
In-process research and development		80,802
Total assets acquired	$	91,707
Liabilities assumed:
Accounts payable	$	1,147
Accrued expenses		2,607
Total liabilities assumed	$	3,754
Net assets acquired	$	87,953