Prepaid Expenses and Other Current Assets and Accrued Expenses

3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Prepaid Expenses and Other Current Assets and Accrued Expenses

6. Prepaid Expenses and Other Current Assets and Accrued Expenses

Prepaid expenses consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):

	March 31, 2026		December 31, 2025
CRO advances	$	20,011	$	10,757
Prepaid research and development		1,381		541
Prepaid clinical trial expenses		720		750
Prepaid insurance		539		693
Other prepaid expenses and other current assets		787		478
Total prepaid expenses and other current assets	$	23,438	$	13,219

Accrued expenses consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):

	March 31, 2026		December 31, 2025
Accrued CRO costs	$	378	$	1,324
Accrued research and development costs		325		449
Accrued compensation costs		1,090		1,680
Accrued professional and consulting costs		870		350
Accrued termination benefits		262		515
Other accrued costs		132		267
Total accrued expenses	$	3,057	$	4,585