XML 49 R11.htm IDEA: XBRL DOCUMENT v3.25.3
Property, Equipment and Leasehold Improvements
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Equipment and Leasehold Improvements Property, Equipment and Leasehold Improvements
Property, equipment and leasehold improvements consist of the following:
(dollars in millions)September 30,
2025		December 31,
2024
Laboratory equipment$20.9 $20.6 
Leasehold improvements9.1 9.3 
Office equipment2.9 2.7 
Total property, equipment and leasehold improvements32.9 32.6 
Less: accumulated depreciation and amortization(27.5)(25.6)
Property, equipment and leasehold improvements, net$5.4 $7.0 
During the three months ended September 30, 2025 and 2024, the Company recognized depreciation and amortization expense of $0.8 million and $1.1 million, respectively. During the nine months ended September 30, 2025 and 2024, the Company recognized depreciation and amortization expense of $2.3 million and $3.5 million, respectively.
During the three and nine months ended September 30, 2024, the Company wrote-off leasehold improvements totaling $2.4 million resulting from the termination of the lease for its laboratory and office space at 101 College Street, as discussed below in Note 6, Right-of-Use Assets and Liabilities.