Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

The following table presents reportable segment net loss, including significant expenses regularly provided to the CODM, attributable to the Company’s reportable segment for the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31,
	2025			2024
	(in thousands)
Direct research and development expense by program:
Bempikibart	$	2,764		$	5,261
ADX-097		569			1,084
Discovery and other		43			225
Personnel-related costs (excluding stock-based compensation)		4,549			5,732
Other G&A expenses		2,706			1,849
Interest (income) expense, net		(371	)		(180	)
Other segment items (1)		771			(15,000	)
Total segment net (gain) loss	$	11,031		$	(1,029	)

(1) Other segment items are included in order to reconcile to total segment net (gain) loss. Other segment items include non-cash items such as depreciation and amortization expense and stock-based compensation expense, gains and losses on the change in fair value of convertible notes, change in fair value of contingent value rights and loss from equity method investment.