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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2025 and 2024.
(in thousands)Year Ended December 31,
20252024
Operating expenses:
Development expenses52,099 59,003 
Research expenses33,495 30,815 
General and administrative35,743 33,281 
Segment operating expenses121,337 123,099 
Reconciliation of profit or loss
Non-operating income(10,228)(14,298)
Adjustments or reconciling items(1)
(6,115)(3,485)
Consolidated net loss$(104,994)$(105,316)
(1) The reconciling items include revenue, stock-based compensation expense, and impairment of long-lived assets expense for the year ended December 31, 2025. The reconciling items include revenue, stock-based compensation expense, and restructuring expense for the year ended December 31, 2024.