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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information

The following table is a summary of segment information for the three months ended March 31, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating Expenses

 

 

 

 

 

 

Late-stage development

 

$

28,097

 

 

$

27,292

 

Early-stage, preclinical and discovery programs

 

 

9,778

 

 

 

6,520

 

R&D personnel related

 

 

14,874

 

 

 

10,680

 

Research and development software, facilities and other strategic support

 

 

4,425

 

 

 

3,221

 

Other operational infrastructure and advisory support

 

 

7,121

 

 

 

4,700

 

Stock-based compensation expense

 

 

10,008

 

 

 

9,393

 

Depreciation expense

 

 

640

 

 

 

600

 

Interest income

 

 

(2,952

)

 

 

(4,057

)

Other expense, net

 

 

(5

)

 

 

(1

)

Segment net loss and consolidated net loss

 

$

71,986

 

 

$

58,348