SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents selected financial information about the Company’s single operating segment for the years ended December 31, 2024 and 2023 (in thousands):

	Year Ended December 31,
	2024		2023
Operating expenses
Research and development
External costs (1)	$	71,188	$	25,405
Internally-managed costs (2)	19,062		15,025
General and administrative (3)	14,069		14,506
Other segment expenses (4)	9,698		6,202
Other income, net	(11,688)		(8,767)
Segment net loss	$	102,329	$	52,371

(1) Includes a $0.7 million non-cash charge for the year ended December 31, 2023.

(2) Includes Acumen-managed research, consultants and contractors, as well as internal personnel and operating expenses, and excludes stock-based compensation expense and depreciation.

(3) Excludes stock-based compensation expense and depreciation.

(4) Other segment expenses include stock-based compensation expense and depreciation.