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Segments (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Significant Expense Categories Reviewed by CODM

The following tables summarizes the significant expense categories regularly reviewed by the CODM for the years ended December 31, 2024, and 2023:

 

 

 

Year ended December 31,

 

(in thousands)

 

2024

 

 

2023

 

Revenue from license agreement

 

$

7,000

 

 

$

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

PRT3789

 

$

20,173

 

 

$

9,738

 

PRT2527

 

 

11,594

 

 

 

7,573

 

PRT7732

 

 

9,195

 

 

 

 

Discovery programs

 

 

13,856

 

 

 

12,387

 

Other

 

 

1,346

 

 

 

12,922

 

General costs, including personnel related

 

 

61,831

 

 

 

60,773

 

Total research and development

 

 

117,995

 

 

 

103,393

 

General and administrative

 

 

28,719

 

 

 

28,884

 

Total operating expenses

 

$

146,714

 

 

$

132,277

 

Loss from operations

 

 

(139,714

)

 

 

(132,277

)

Other income, net

 

 

12,541

 

 

 

10,445

 

Net loss

 

$

(127,173

)

 

$

(121,832

)