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Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

6. Property and Equipment

Property and equipment consisted of the following:

 

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Lab equipment

 

$

7,920

 

 

$

6,643

 

Leasehold improvements

 

 

1,700

 

 

 

1,582

 

IT equipment

 

 

505

 

 

 

470

 

Furniture and fixtures

 

 

1,900

 

 

 

1,858

 

Construction in progress

 

 

—

 

 

 

338

 

 

 

12,025

 

 

 

10,891

 

Less accumulated depreciation

 

 

(5,258

)

 

 

(3,566

)

Property and equipment, net

 

$

6,767

 

 

$

7,325