Property and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net consisted of the following at September 30, 2024 and December 31, 2023 (in thousands):

	September 30, 2024		December 31, 2023
Laboratory equipment	$	14,587	$	12,596
Furniture and fixtures	2,303		2,228
Computer equipment	431		431
Leasehold improvements	1,932		1,859
Total property and equipment	19,253		17,114
Less: accumulated depreciation	(8,467)		(5,923)
Property and equipment, net	$	10,786	$	11,191

Depreciation expense for the three months ended September 30, 2024 and 2023 was $0.9 million and $0.8 million, respectively. Depreciation expense for the nine months ended September 30, 2024 and 2023 was $2.8 million and $2.1 million, respectively.