Accrued Expenses

12 Months Ended

Dec. 31, 2024

Accrued Expenses

Accrued Expenses

5. Accrued Expenses

Accrued expenses consisted of the following:

	December 31,		December 31,
(In thousands)	2024		2023
Employee compensation expenses	$	4,979	$	3,910
Research and development expenses		2,173		6,661
Deferred transaction consideration		3,927		—
Licensing expenses		8,645		5,478
Restructuring expenses (Note 15)		163		3,112
Other expenses		446		285
Total accrued expenses	$	20,333	$	19,446