Related Party Transactions

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Related Party Transactions

11. Related Party Transactions

For each of the three-month periods ended June 30, 2020 and 2019, the Company made payments of $34 thousand to one of its directors for scientific consulting and other expenses. For each of the six-month periods ended June 30, 2020 and 2019, the Company made payments of $68 thousand to this director. In addition, in connection with his service as a consultant, the Company granted this director an option to purchase 66,907 shares at an exercise price per share of $2.02 in 2019. As of June 30, 2020, $11 thousand was due to this director, who resigned from the board of directors in May 2020.

See Note 6 for a description of the Company’s License and Sponsored Research Agreement with Yale.