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Collaboration and license agreements (Tables)
6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of allocation of transaction price
The following table summarizes the allocation of the total transaction price to the identified performance obligations under the arrangement, and the amount of the transaction price unsatisfied as of June 30, 2024 (in thousands):
Transaction
Price
Allocated
Transaction
Price
Unsatisfied
Performance obligations:  
Research and development targets$16,534 $14,083 
Option rights2,530 2,530 
Total$19,064 $16,613 
Schedule of revenue from collaboration agreements
Revenue from collaboration agreements for the three and six months ended June 30, 2024 and 2023 in the condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Revenue from collaboration agreements:  
MKDG Agreement$1,894 $— $1,949 $— 
Merck Agreement1,102 — 1,747 — 
Roche Agreement963 160 2,451 513 
Biogen Agreement8,047 2,504 8,898 4,840 
Calico Agreement— — — 1,070 
Total revenue from collaboration agreements$12,006 $2,664 $15,045 $6,423 
Schedule of financial information related to collaboration and license agreements
Financial information related to the collaboration and license agreements consisted of the following in the Company’s condensed consolidated balance sheet as of June 30, 2024 (in thousands):
 Accounts
Receivable
Deferred Revenue,
Current
Deferred Revenue,
Net of Current
Deferred Revenue,
Total
Supplemental information:    
MKDG Agreement$1,167 $6,733 $8,486 $15,219 
Merck Agreement— 8,253 — 8,253 
Betta Agreements— 17,000 — 17,000 
Roche Agreement— 4,606 8,424 13,030 
Total$1,167 $36,592 $16,910 $53,502 
Financial information related to the collaboration and license agreements consisted of the following in the Company’s condensed consolidated balance sheet as of December 31, 2023 (in thousands):
 Accounts
Receivable
Deferred Revenue,
Current
Deferred Revenue,
Net of Current
Deferred Revenue,
Total
Supplemental information:    
Merck Agreement$10,000 $8,000 $2,000 $10,000 
Betta Agreement1,799 4,000 8,000 12,000 
Roche Agreement— 2,667 11,814 13,030 
Biogen Agreement— 804 — 804 
Total$11,799 $15,471 $21,814 $37,285 
Schedule of supplemental financial information related to collaboration and license agreements
Supplemental financial information related to the collaboration and license agreements for the three and six months ended June 30, 2024 and 2023 are (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Revenue recognized that was included in the contract liability at the beginning of the period$2,065 $2,664 $5,003 $5,895