Accrued Expenses

6 Months Ended

Jun. 30, 2025

Accrued Expenses

Accrued Expenses

5. Accrued Expenses

Accrued expenses consisted of the following:

	June 30,		December 31,
(In thousands)	2025		2024
Employee compensation expenses	$	2,740	$	4,979
Research and development expenses		1,839		2,173
Deferred transaction consideration		5,416		3,927
Licensing expenses		1,147		8,645
Restructuring expenses (Note 13)		—		163
Other expenses		269		446
Total accrued expenses	$	11,411	$	20,333