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Segment Disclosure (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Net Loss Related To Segment Expenses

The following table presents information about reported segment revenues, significant segment expenses, and segment loss:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Collaboration revenue

 

$

 

 

$

 

 

$

7,500

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Direct external research and development costs

 

 

 

 

 

 

 

 

 

 

 

 

Azetukalner

 

 

43,405

 

 

 

23,344

 

 

 

74,906

 

 

 

46,557

 

Pre-clinical, discovery and other programs

 

 

6,111

 

 

 

6,169

 

 

 

11,078

 

 

 

9,830

 

Personnel-related expenses

 

 

22,386

 

 

 

16,053

 

 

 

45,026

 

 

 

30,907

 

Stock-based compensation expense

 

 

13,713

 

 

 

14,716

 

 

 

25,887

 

 

 

24,116

 

Other research and development costs

 

 

2,600

 

 

 

3,163

 

 

 

6,025

 

 

 

6,177

 

Other general and administrative costs

 

 

6,014

 

 

 

5,659

 

 

 

11,545

 

 

 

10,558

 

Interest income

 

 

(7,199

)

 

 

(10,837

)

 

 

(15,282

)

 

 

(22,192

)

Other segment items(1)

 

 

(2,324

)

 

 

(343

)

 

 

(1,932

)

 

 

(98

)

Net loss

 

$

(84,706

)

 

$

(57,924

)

 

$

(149,753

)

 

$

(105,855

)

(1)
Other segment items include foreign exchange gain and income tax (recovery) expense.