Collaboration And License Agreement (Tables)

9 Months Ended

Sep. 30, 2024

Collaboration and License Agreement

Summary of allocation of transaction price to each unit of account

Performance Obligations (in thousands)	Standalone Selling Price		Transaction Price Allocated
ctLNP technology and research license	$	52,500	$	42,576
First liver program commercialization option license		7,000		5,677
Second liver program commercialization option license		7,000		5,677
First non-liver program commercialization option license		11,700		9,488
Second non-liver program commercialization option license		11,700		9,488
Third liver or non-liver program commercialization option license		6,150		4,987
Total	$	96,050	$	77,893

Summary of transaction price allocated with revenue activity

The following table provides a summary of the transaction price allocated to each unit of account, in addition to revenue activity during the period:

Performance Obligations	Transaction Price Allocated		Revenue Recognized During		Revenue Recognized During		Deferred Revenue
(in thousands)	As of September 30, 2024		Three Months Ended September 30, 2024		Nine Months Ended September 30, 2024		As of September 30, 2024
ctLNP technology and research license	$	40,409	$	7,554	$	15,704	$	14,549
First liver program commercialization option license		5,388		—		—		4,526
Second liver program commercialization option license		5,388		—		—		4,526
First non-liver program commercialization option license		9,006		—		—		7,565
Second non-liver program commercialization option license		9,006		—		—		7,565
Third liver or non-liver program commercialization option license		4,734		—		—		3,976
Total	$	73,931	$	7,554	$	15,704	$	42,707