XML 105 R54.htm IDEA: XBRL DOCUMENT v3.23.4
Description of the Business and Summary of Significant Accounting Policies - Additional Information (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 08, 2023
Jun. 26, 2023
USD ($)
shares
Jun. 22, 2023
USD ($)
$ / shares
shares
Apr. 30, 2023
employee
Sep. 30, 2023
USD ($)
$ / shares
Jun. 30, 2023
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
May 31, 2023
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Stockholders' equity, reverse stock split 1-for-25                      
Preferred stock, par value | $ / shares         $ 0.0001     $ 0.0001     $ 0.0001 $ 0.0001
Cost to acquire asset     $ 113,200                  
Acquired in-process research and development         $ (298)   $ 0 $ 130,188 $ 0      
Employee workforce, termination percentage       83.00%   83.00%            
Number of employees retained | employee       10                
cash and cash equivalents     3,000   90,592     90,592     $ 34,863 $ 15,142
U.S. Banking Institution                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Cash     $ 2,800   $ 16,900     $ 16,900     $ 23,500  
Parapyre Option Obligation                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Percentage of annual equity grant of options     1.00%             1.00%    
Series A Non Voting Convertible Preferred Stock                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Conversion basis     40                  
Series A Non Voting Convertible Preferred Stock | Private Placement                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of shares sold in private placement | shares   721,452                    
Gross proceeds received in private placement   $ 210,000                    
Placement agent and other offering expenses in private placement   $ 12,700                    
Asset Acquisition                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Fixed exchange ratio     0.54945%                  
Asset Acquisition | Spyre 2023 Equity Incentive Plan                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of outstanding and unexercised stock options to purchase (in shares) | shares     2,734                  
Asset Acquisition | Common Stock                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of shares transferred as equity interest in asset acquisition | shares     517,809                  
Asset Acquisition | Series A Non Voting Convertible Preferred Stock                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of shares transferred as equity interest in asset acquisition | shares     364,887                  
Preferred stock, par value | $ / shares     $ 0.0001                  
Conversion basis     40                  
Spyre Therapeutics, Inc.                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Cost to acquire asset     $ 113,176                  
Asset acquisition consideration transferred issuable shares of common stock on an as-converted basis | shares     14,595,480                  
Acquired in-process research and development     $ 130,188                  
Asset Acquisition, net liabilities assumed     $ 17,000                  
Spyre Therapeutics, Inc. | Common Stock                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of shares transferred as equity interest in asset acquisition | shares     517,809                  
Shares issued, price per share (in dollars per share) | $ / shares     $ 7.277                  
Spyre Therapeutics, Inc. | Spyre 2023 Equity Incentive Plan                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of outstanding and unexercised stock options to purchase (in shares) | shares     2,734                  
Spyre Therapeutics, Inc. | Series A Non Voting Convertible Preferred Stock                        
Organization Consolidation And Presentation Of Financial Statements [Line Items]                        
Number of shares transferred as equity interest in asset acquisition | shares     364,887                  
Shares issued, price per share (in dollars per share) | $ / shares     $ 291.08