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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]  
Schedule of Reportable Segment Revenue, Operating Expenses, and Net Loss

The Company's reportable segment revenue, operating expenses, and net loss for the years ended December 31, 2024 and December 31, 2023 are as follows:

 

 

 

Year Ended
December 31,

 

 

 

2024

 

 

2023

 

Collaboration revenue

 

$

80,000

 

 

$

2,805

 

Operating expenses:

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

Losmapimod external expenses

 

 

20,801

 

 

 

29,069

 

Pociredir external expenses

 

 

8,577

 

 

 

7,442

 

Employee compensation expenses (excluding stock-based compensation expenses)

 

 

15,347

 

 

 

16,978

 

Stock-based compensation expenses

 

 

4,653

 

 

 

3,776

 

Pre-development candidate expenses and unallocated expenses

 

 

14,008

 

 

 

14,536

 

General and administrative

 

 

36,448

 

 

 

41,668

 

Restructuring expenses

 

 

2,063

 

 

 

 

Total operating expenses

 

 

101,897

 

 

 

113,469

 

Loss from operations

 

 

(21,897

)

 

 

(110,664

)

Other income, net

 

 

12,172

 

 

 

13,329

 

Net loss

 

$

(9,725

)

 

$

(97,335

)