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Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information The following table presents the measure of segment assets regularly provided to the CODM (in thousands):

 

 

June 30, 2025

 

 

December 31, 2024

 

Cash, cash equivalents and short-term investments

 

 

34,708

 

 

 

40,784

 

 

The following table presents financial information, including significant segment expenses, which are regularly provided to the CODM and included within consolidated net loss (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Research and development:

 

 

 

 

 

 

 

 

 

 

 

 

Personnel

 

$

1,294

 

 

$

757

 

 

$

2,614

 

 

$

1,544

 

Stock-based compensation

 

 

438

 

 

 

81

 

 

 

873

 

 

 

187

 

Clinical and contract manufacturing

 

 

5,342

 

 

 

3,718

 

 

 

12,069

 

 

 

7,040

 

Other

 

 

(521

)

 

 

(409

)

 

 

(858

)

 

 

(922

)

General and administrative:

 

0

 

 

 

 

 

 

 

 

 

 

Personnel

 

 

1,038

 

 

 

1,568

 

 

 

2,765

 

 

 

2,995

 

Stock-based compensation

 

 

834

 

 

 

1,142

 

 

 

1,785

 

 

 

2,310

 

Consulting and professional costs

 

 

786

 

 

 

1,015

 

 

 

2,252

 

 

 

2,613

 

Other

 

 

684

 

 

 

970

 

 

 

1,329

 

 

 

1,748

 

Goodwill impairment charge

 

 

 

 

 

17,130

 

 

 

 

 

 

17,130

 

Fair value adjustment for contingent consideration

 

 

532

 

 

 

2,220

 

 

 

2,456

 

 

 

4,765

 

Total operating expenses

 

 

10,427

 

 

 

28,192

 

 

 

25,285

 

 

 

39,410

 

Loss from operations

 

 

(10,427

)

 

 

(28,192

)

 

 

(25,285

)

 

 

(39,410

)

Other segment items

 

 

(5,622

)

 

 

463

 

 

 

(5,794

)

 

 

532

 

Net loss

 

$

(16,049

)

 

$

(27,729

)

 

$

(31,079

)

 

$

(38,878

)