Related party transactions

3 Months Ended

Mar. 31, 2024

Related party transactions

Related party transactions

12. Related-party transactions

During the three months ended March 31, 2024, the Company received scientific advisory board and other scientific advisory services from one of its prior executives, Dinah Sah, Ph.D., the Company’s former Chief Scientific Officer. The total amount of fees paid to Dr. Sah for services provided during the three months ended March 31, 2024 and 2023, was $150,000 and $199,800, respectively.

Under each of the Company’s collaboration agreements with Neurocrine, the Company and Neurocrine have agreed to conduct research, development, and commercialization activities for certain of the Company’s AAV gene therapy product candidates. Amounts due from Neurocrine are reflected as related party collaboration receivables. As of March 31, 2024, the Company had approximately $1.2 million and $1.4 million in related party collaboration receivables associated with the 2019 Neurocrine Collaboration Agreement and 2023 Neurocrine Collaboration Agreement, respectively.