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Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events

On January 10, 2025, the Company received an unsolicited, non-binding acquisition proposal from Biogen to acquire all outstanding shares of the Company not already owned by Biogen for $7.22 per share. On January 27, 2025, the Board of Directors (the “Board”) unanimously rejected the unsolicited, non-binding acquisition proposal received from Biogen. The Company further announced that the Board has initiated a process to explore strategic alternatives for the Company. On January 16, 2025, the Company commenced litigation against Biogen in the Delaware Court of Chancery seeking declaratory, injunctive and other relief. In its complaint, the Company alleges that Biogen breached the standstill provision in the Biogen Stock Purchase Agreement by making an unsolicited acquisition proposal and related public disclosures. See Note 6, Commitments and Contingencies, for further details.