XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Restructuring Activities
9 Months Ended
Sep. 30, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Activities

16. Restructuring Activities

In August 2022, the Company announced the implementation of a strategic plan to realign internal investments and operations to prioritize the Company's two clinical programs. In connection with this decision, the Company announced a workforce reduction of 25% of its planned headcount, which was completed in August 2022. During the three and nine months ended September 30, 2022, the Company recorded aggregate restructuring charges of $0.5 million related to severance and other employee-related costs. The Company does not expect to incur any additional significant costs associated with this restructuring. During the three and nine months ended September 30, 2022, the Company paid $0.4 million of the restructuring charges.

 

Accrued restructuring charges as of December 31, 2021

 

 

 

Restructuring charges incurred during the period

 

 

465

 

Amounts paid during the period

 

 

(411

)

Accrued restructuring charges as of September 30, 2022

 

 

54