Asset Acquisition (Tables)

12 Months Ended

Jun. 22, 2023

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Asset Acquisition Cost

The Asset Acquisition costs are shown on the following table (in thousands):

	As of June 22, 2023
Consideration transferred in Series A Preferred Stock and common stock	$	109,979
Transaction costs incurred by Aeglea		3,197
Total cost to acquire asset	$	113,176

The Company’s allocation of the purchase price to net assets acquired is as follows (in thousands):

	As of June 22, 2023
Acquired in-process research and development	$	130,188
Cash acquired		3,035
Accrued liabilities		(20,047	)
Total cost to acquire asset	$	113,176

The Asset Acquisition Costs are shown on the following table (in millions):

	June 22, 2023
Consideration transferred in Series A Preferred Stock and Common Stock	$	110.0
Transaction costs incurred by the Company		3.2
Total cost to acquire asset	$	113.2

The allocation of the purchase price to net assets acquired is as a follows:

	June 22, 2023
Acquired in-process research and development	$	130.2
Cash acquired		3.0
Assumed liabilities		(20.0	)
Total cost to acquire asset	$	113.2