Accrued Expenses

3 Months Ended

Mar. 31, 2025

Accrued Expenses

Accrued Expenses

5. Accrued Expenses

Accrued expenses consisted of the following:

	March 31,		December 31,
(In thousands)	2025		2024
Employee compensation expenses	$	1,733	$	4,979
Research and development expenses		2,276		2,173
Deferred transaction consideration		3,094		3,927
Licensing expenses		900		8,645
Restructuring expenses (Note 13)		—		163
Other expenses		569		446
Total accrued expenses	$	8,572	$	20,333