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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

)