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Subsequent Event
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Event

12. Subsequent Event

 

In October 2024, the Company committed to a plan to reorganize its business operations, including to focus investment on the ongoing launch of ZURZUVAE for the treatment of women with PPD and its pipeline development efforts. As part of the reorganization, the Company plans to implement a reduction of its workforce by approximately 33%.

The Company expects a non-recurring charge for severance and related employee costs associated with the workforce reduction of approximately $26 million to $28 million, primarily incurred in the fourth quarter of 2024. The Company expects that the workforce reduction will be substantially completed by the end of the fourth quarter of 2024.