XML 66 R41.htm IDEA: XBRL DOCUMENT v3.26.3
Related Party Transactions - Narrative (Details)
3 Months Ended 9 Months Ended
Nov. 22, 2023
installment
$ / shares
shares
Sep. 30, 2026
USD ($)
seat
shares
Sep. 30, 2025
USD ($)
shares
Sep. 30, 2026
USD ($)
seat
shares
Sep. 30, 2025
USD ($)
shares
Dec. 31, 2025
USD ($)
Related Party Transaction [Line Items]            
Research and development [1]   $ 89,169,000 $ 45,247,000 $ 215,083,000 $ 127,015,000  
Options granted to purchase (in shares) | shares   80,385 213,900 2,849,446 2,539,617  
Stock-based compensation expense   $ 14,167,000 $ 9,566,000 $ 40,485,000 $ 27,803,000  
Related Party            
Related Party Transaction [Line Items]            
Research and development   100,000 7,000,000.0 3,200,000 9,600,000  
Total related party accounts payable   100,000   100,000   $ 0
Paragon Agreement | Related Party            
Related Party Transaction [Line Items]            
Amount of related party transaction   $ 0 0 $ 100,000 200,000  
Appoint Of Board Members            
Related Party Transaction [Line Items]            
Number of board seats held by related party | seat   1   1    
Other Paragon Reimbursable Expenses | Related Party            
Related Party Transaction [Line Items]            
Research and development   $ 0 0 $ 100,000 100,000  
Consulting Agreement | Related Party            
Related Party Transaction [Line Items]            
Options granted to purchase (in shares) | shares 477,000          
Exercise price (in dollars per share) | $ / shares $ 10.39          
Number of monthly installments | installment 36          
Stock-based compensation expense   $ 300,000 $ 300,000 $ 800,000 $ 800,000  
Consulting Agreement | Related Party | Share-Based Payment Arrangement, Tranche One            
Related Party Transaction [Line Items]            
Vesting percentage 25.00%          
Vest period grant date (in years) 1 year          
Paragon Therapeutics Inc | Maximum | Paragon Agreement | Related Party            
Related Party Transaction [Line Items]            
Percentage of ownership by noncontrolling owner   5.00%   5.00%    
Fairmount Funds Management LLC | Minimum | Paragon Agreement | Related Party            
Related Party Transaction [Line Items]            
Percentage of ownership by noncontrolling owner   5.00%   5.00%    
Percentage of ownership held in third party   5.00%   5.00%    
[1] Includes related party expenses of $0.1 million and $7.0 million for the three months ended September 30, 2026 and 2025, respectively. Includes related party expenses of $3.2 million and $9.6 million for the nine months ended September 30, 2026 and 2025, respectively.