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Restructuring (Tables)
12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Summarizes of future termination benefit payments

The following is a summary of restructuring charges associated with the reductions in force for the periods presented:

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

(in thousands)

 

 

 

 

 

 

 

Research and development expense

$

3,750

 

 

$

5,619

 

General and administrative expense

 

1,357

 

 

 

1,111

 

Total restructuring charges

$

5,107

 

 

$

6,730

 

Summary of Restructuring Liability Activity

The following restructuring liability activity was recorded in connection with the reduction in force for the year ended December 31, 2024, with all of the $0.1 million liability balance as of December 31, 2024 included within other current liabilities on the accompanying consolidated balance sheet:

 

Year ended December 31,

 

 

Year ended December 31,

 

 

2024

 

 

2023

 

 

(in thousands)

 

Liability balance, January 1

$

 

4,923

 

 

$

 

1,545

 

Restructuring charges

 

 

5,107

 

 

 

 

6,730

 

Cash payments

 

 

(9,298

)

 

 

 

(3,352

)

Non-cash settlements/adjustments

 

 

(669

)

 

 

 

 

Liability balance, December 31

$

 

63

 

 

$

 

4,923