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Asset Acquisition (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Asset Acquisition Cost
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 Company3.2 
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 acquired3.0 
Assumed liabilities(20.0)
Total cost to acquire asset$113.2