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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 6,553 $ 4,147 $ 14,698 $ 7,849
General and administrative 3,342 4,695 8,131 9,666
Goodwill impairment charge 0 17,130 0 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)
Fair value adjustment for long-term debt (501) (415) (945) (803)
Fair value adjustment for warrants (4,464) 0 (4,464) 0
Warrant issuance costs (872) 0 (872) 0
Interest income 311 823 717 1,710
Other income (expense), net (29) 91 (116) (308)
Net loss before income tax expense (15,982) (27,693) (30,965) (38,811)
Income tax expense (67) (36) (114) (67)
Net loss (16,049) (27,729) (31,079) (38,878)
Other comprehensive loss:        
Foreign currency translation adjustments 4,216 (726) 6,261 (1,955)
Unrealized gain (loss) on available-for-sale securities (17) (12) (70) (5)
Total comprehensive loss $ (11,850) $ (28,467) $ (24,888) $ (40,838)
Net loss per share - basic (in USD per share) $ (0.34) $ (0.64) $ (0.69) $ (0.9)
Net loss per share - diluted (in USD per share) $ (0.34) $ (0.64) $ (0.69) $ (0.9)
Weighted average shares of common stock outstanding - basic (in shares) 46,686,239 43,096,374 45,314,234 43,053,351
Weighted average shares of common stock outstanding - diluted (in shares) 46,686,239 43,096,374 45,314,234 43,053,351