Related Party Transactions	6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 9—Related Party Transactions Prior to the completion of the initial public offering of the Company’s common stock in June 2018, the Company was controlled by PBM VP Holdings, LLC (“PBM VP Holdings”) an affiliate of PBM Capital Group, LLC (“PBM”). Paul B. Manning, who is the Chairman and Chief Executive Officer of PBM and the current chairman of the Company’s Board of Directors, and certain entities affiliated with Mr. Manning, continue to be the Company’s largest shareholder on a collective basis. On December 2, 2015, the Company entered into a Services Agreement (the “SA”) with PBM. Pursuant to the terms of the SA, which had an initial term of twelve months (and was automatically renewable for successive monthly periods), PBM rendered advisory and consulting services to the Company. Services provided under the SA included certain business development, operations, technical, contract, accounting and back office support services. In consideration for these services, the Company was obligated to pay PBM a monthly management fee. On October 1, 2019, the SA was amended to reduce the monthly management fee to $5,000 as a result of a reduction in services provided by PBM. For the three months ended June 30, 2022 and 2021, the Company recognized expenses under the SA of $10,000 and $15,000 respectively, of which $6,000 and $9,000, respectively, were included in general and administrative expenses and $4,000 and $6,000, respectively, were included in research and development expenses. For the six months ended June 30, 2022 and 2021, the Company recognized expenses under the SA of $25,000 and $30,000, respectively, of which $15,000 and $18,000, respectively, were included in general and administrative expenses and $10,000 and $12,000, respectively, were included in research and development. As of June 30, 2022, the Company had a $5,000 outstanding payable due to PBM and its affiliates.

Related Party Transactions

6 Months Ended

Jun. 30, 2022

Note 9—Related Party Transactions

Prior to the completion of the initial public offering of the Company’s common stock in June 2018, the Company was controlled by PBM VP Holdings, LLC (“PBM VP Holdings”) an affiliate of PBM Capital Group, LLC (“PBM”). Paul B. Manning, who is the Chairman and Chief Executive Officer of PBM and the current chairman of the Company’s Board of Directors, and certain entities affiliated with Mr. Manning, continue to be the Company’s largest shareholder on a collective basis.

On December 2, 2015, the Company entered into a Services Agreement (the “SA”) with PBM. Pursuant to the terms of the SA, which had an initial term of twelve months (and was automatically renewable for successive monthly periods), PBM rendered advisory and consulting services to the Company. Services provided under the SA included certain business development, operations, technical, contract, accounting and back office support services. In consideration for these services, the Company was obligated to pay PBM a monthly management fee. On October 1, 2019, the SA was amended to reduce the monthly management fee to $5,000 as a result of a reduction in services provided by PBM.

For the three months ended June 30, 2022 and 2021, the Company recognized expenses under the SA of $10,000 and $15,000 respectively, of which $6,000 and $9,000, respectively, were included in general and administrative expenses and $4,000 and $6,000, respectively, were included in research and development expenses. For the six months ended June 30, 2022 and 2021, the Company recognized expenses under the SA of $25,000 and $30,000, respectively, of which $15,000 and $18,000, respectively, were included in general and administrative expenses and $10,000 and $12,000, respectively, were included in research and development.

As of June 30, 2022, the Company had a $5,000 outstanding payable due to PBM and its affiliates.