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Pay vs Performance Disclosure - USD ($)
5 Months Ended 7 Months Ended 12 Months Ended
Jan. 09, 2024
May 28, 2024
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table      
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation S-K, we are providing information about the relationship between executive compensation actually paid to our PEO and the other NEOs (as calculated in accordance with Item 402(v) of Regulation S-K).
Pay-Versus-Performance Table
Year
(a)
Summary
Compensation
Table Total
for PEO
Schuetz ($)(1)
(b)
Compensation
Actually Paid
to PEO
Schuetz ($)(2)
(c)
Summary
Compensation
Table Total
for PEO
Bisker-Leib ($)(3)
(b)
Compensation
Actually Paid
to PEO
Bisker-Leib ($)(4)
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
Named
Executive
Officers($)(5)
(d)
Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers($)(6)
(e)
Value of
Initial Fixed
$100 Investment
Based On:
Net
Income
(in thousands)(8)
(g)
Total
Shareholder
Return ($)(7)
(f)
2025
5,097,150
11,406,846
1,411,150
3,288,463
344
(66,489)
2024
3,093,057
2,358,959
6,433,665
6,834,045
1,057,288
969,061
93
(49,375)
(1)
Thomas Scheutz served as our PEO from January 1, 2024 until January 9, 2024, when Dr. Vered Bisker-Leib became our Chief Executive Officer. Dr. Bisker Leib served as our PEO during the period from January 9, 2024 until May 28, 2024. Effective May 28, 2024, Thomas Scheutz became our Chief Executive Officer. Thomas Schuetz served as our PEO during 2025. The dollar amounts represent the amount of total compensation reported for our PEO Thomas Schuetz, for each corresponding covered fiscal year in the “Total” column of the Summary Compensation Table.
(2)
The Compensation Actually Paid to our PEO Thomas Schuetz reflects the following adjustments required by applicable SEC rules from total compensation reported in the Summary Compensation Table:
PEO (Thomas Schuetz)
2025
2024
Summary Compensation Table - Total Compensation
$5,097,150
$3,093,057
- Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year
$(4,065,000)
$(867,882)
+ Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year
$4,805,393
$1,379,449
+ Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years
$4,661,489
$(151,556)
+ Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year
$739,837
$148,565
+ Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
$1,686,707
$73,262
- Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
$(1,518,730)
$(1,315,936)
= Compensation Actually Paid
$11,406,846
$2,358,959
For purposes of the adjustments to determine “Compensation Actually Paid”, we computed the fair value of equity awards in accordance with ASC 718. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
(3)
Thomas Scheutz served as our PEO from January 1, 2024 until January 9, 2024, when Dr. Vered Bisker-Leib became our Chief Executive Officer. Dr. Bisker Leib served as our PEO during the period from January 9, 2024 until May 28, 2024. Effective May 28, 2024, Thomas Scheutz became our Chief Executive Officer. The dollar amounts represent the amount of total compensation reported for our PEO Vered Bisker-Leib, for 2024 in the “Total” column of the Summary Compensation Table.
(4)
The Compensation Actually Paid to our PEO Vered Bisker-Leib reflects the following adjustments required by applicable SEC rules from total compensation reported in the Summary Compensation Table:
PEO (Vered Bisker-Leib)
2025
2024
Summary Compensation Table - Total Compensation
$—
$6,433,665
- Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year
$—
$(2,386,676)
+ Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year
$—
$3,073,990
+ Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years
$—
$(116,532)
+ Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year
$—
$408,555
+ Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
$—
$245,080
- Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
$—
$(824,037)
= Compensation Actually Paid
$—
$6,834,045
For purposes of the adjustments to determine “Compensation Actually Paid”, we computed the fair value of equity awards in accordance with ASC 718. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
(5)
The dollar amounts reported in column (d) represent the average of the amounts of total compensation reported for our named executive officers (collectively, our NEOs) as a group (excluding our PEOs) for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable fiscal year. The NEOs (excluding our PEOs) for fiscal years 2025 and 2024 were Mr. Shin and Mr. Anderman. Mr. Shin joined the Company in December 2024 and therefore did not have a full year of compensation in 2024.
(6)
The Compensation Actually Paid to our NEOs (excluding PEOs) on average reflects the following adjustments required by applicable SEC rules from total compensation reported in the Summary Compensation Table:
NEOs (average)
2025
2024
Summary Compensation Table - Total Compensation
$1,411,150
$1,057,288
- Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year
$(718,150)
$(746,635)
+ Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year
$849,116
$675,242
+ Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years
$1,589,729
$(15,978)
+ Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year
$178,372
$51,185
+ Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
$489,214
$24,015
- Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
$(510,968)
$(76,056)
= Compensation Actually Paid
$3,288,463
$969,061
For purposes of the adjustments to determine “Compensation Actually Paid”, we computed the fair value of equity awards in accordance with ASC 718. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
(7)
Total shareholder return is calculated by assuming that a $100 investment was made on the close of trading on December 31, 2023. Our company did not pay any dividends during fiscal years 2024 and 2025.
(8)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year.
 
Named Executive Officers, Footnote      
(1)
Thomas Scheutz served as our PEO from January 1, 2024 until January 9, 2024, when Dr. Vered Bisker-Leib became our Chief Executive Officer. Dr. Bisker Leib served as our PEO during the period from January 9, 2024 until May 28, 2024. Effective May 28, 2024, Thomas Scheutz became our Chief Executive Officer. Thomas Schuetz served as our PEO during 2025. The dollar amounts represent the amount of total compensation reported for our PEO Thomas Schuetz, for each corresponding covered fiscal year in the “Total” column of the Summary Compensation Table.
(3)
Thomas Scheutz served as our PEO from January 1, 2024 until January 9, 2024, when Dr. Vered Bisker-Leib became our Chief Executive Officer. Dr. Bisker Leib served as our PEO during the period from January 9, 2024 until May 28, 2024. Effective May 28, 2024, Thomas Scheutz became our Chief Executive Officer. The dollar amounts represent the amount of total compensation reported for our PEO Vered Bisker-Leib, for 2024 in the “Total” column of the Summary Compensation Table.
(5)
The dollar amounts reported in column (d) represent the average of the amounts of total compensation reported for our named executive officers (collectively, our NEOs) as a group (excluding our PEOs) for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable fiscal year. The NEOs (excluding our PEOs) for fiscal years 2025 and 2024 were Mr. Shin and Mr. Anderman. Mr. Shin joined the Company in December 2024 and therefore did not have a full year of compensation in 2024.
 
Adjustment To PEO Compensation, Footnote      
(2)
The Compensation Actually Paid to our PEO Thomas Schuetz reflects the following adjustments required by applicable SEC rules from total compensation reported in the Summary Compensation Table:
PEO (Thomas Schuetz)
2025
2024
Summary Compensation Table - Total Compensation
$5,097,150
$3,093,057
- Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year
$(4,065,000)
$(867,882)
+ Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year
$4,805,393
$1,379,449
+ Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years
$4,661,489
$(151,556)
+ Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year
$739,837
$148,565
+ Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
$1,686,707
$73,262
- Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
$(1,518,730)
$(1,315,936)
= Compensation Actually Paid
$11,406,846
$2,358,959
For purposes of the adjustments to determine “Compensation Actually Paid”, we computed the fair value of equity awards in accordance with ASC 718. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
(4)
The Compensation Actually Paid to our PEO Vered Bisker-Leib reflects the following adjustments required by applicable SEC rules from total compensation reported in the Summary Compensation Table:
PEO (Vered Bisker-Leib)
2025
2024
Summary Compensation Table - Total Compensation
$—
$6,433,665
- Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year
$—
$(2,386,676)
+ Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year
$—
$3,073,990
+ Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years
$—
$(116,532)
+ Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year
$—
$408,555
+ Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
$—
$245,080
- Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
$—
$(824,037)
= Compensation Actually Paid
$—
$6,834,045
For purposes of the adjustments to determine “Compensation Actually Paid”, we computed the fair value of equity awards in accordance with ASC 718. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
Non-PEO NEO Average Total Compensation Amount       $ 1,411,150 $ 1,057,288
Non-PEO NEO Average Compensation Actually Paid Amount       $ 3,288,463 969,061
Adjustment to Non-PEO NEO Compensation Footnote      
(6)
The Compensation Actually Paid to our NEOs (excluding PEOs) on average reflects the following adjustments required by applicable SEC rules from total compensation reported in the Summary Compensation Table:
NEOs (average)
2025
2024
Summary Compensation Table - Total Compensation
$1,411,150
$1,057,288
- Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year
$(718,150)
$(746,635)
+ Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year
$849,116
$675,242
+ Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years
$1,589,729
$(15,978)
+ Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year
$178,372
$51,185
+ Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
$489,214
$24,015
- Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
$(510,968)
$(76,056)
= Compensation Actually Paid
$3,288,463
$969,061
For purposes of the adjustments to determine “Compensation Actually Paid”, we computed the fair value of equity awards in accordance with ASC 718. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
 
Compensation Actually Paid vs. Total Shareholder Return      
Compensation Actually Paid and Company Total Shareholder Return
The following graph reflects the relationship between our PEO (Thomas Schuetz), PEO2 (Vered Bisker Leib) and average non-PEO NEO “compensation actually paid” (“CAP”) and our cumulative Total Shareholder Return (“TSR”), assuming an initial fixed investment on December 31, 2023 of $100, for the fiscal years ended December 31, 2025 and 2024.
 
Compensation Actually Paid vs. Net Income      
Compensation Actually Paid and Net Income
The following graph reflects the relationship between our PEO, PEO2 and average non-PEO NEO CAP, and our net income (loss) for the fiscal years ended December 31, 2025 and 2024. Because we are not a commercial-stage company, we did not have any revenue during the years ending 2025 and 2024. Consequently, our company has not historically looked to net income (loss) as a performance measure for our executive compensation program.
 
Total Shareholder Return Amount       $ 344 93
Net Income (Loss)       $ (66,489,000) (49,375,000)
PEO Name Thomas Scheutz Dr. Bisker Thomas Scheutz Thomas Schuetz  
Thomas Schuetz [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount       $ 5,097,150 3,093,057
PEO Actually Paid Compensation Amount       11,406,846 2,358,959
Vered Bisker-Leib [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount       0 6,433,665
PEO Actually Paid Compensation Amount       0 6,834,045
PEO | Thomas Schuetz [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       (4,065,000) (867,882)
PEO | Thomas Schuetz [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       4,805,393 1,379,449
PEO | Thomas Schuetz [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       4,661,489 (151,556)
PEO | Thomas Schuetz [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       739,837 148,565
PEO | Thomas Schuetz [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       1,686,707 73,262
PEO | Thomas Schuetz [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       (1,518,730) (1,315,936)
PEO | Vered Bisker-Leib [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 (2,386,676)
PEO | Vered Bisker-Leib [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 3,073,990
PEO | Vered Bisker-Leib [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 (116,532)
PEO | Vered Bisker-Leib [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 408,555
PEO | Vered Bisker-Leib [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 245,080
PEO | Vered Bisker-Leib [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       0 (824,037)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       (718,150) (746,635)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       849,116 675,242
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       1,589,729 (15,978)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       178,372 51,185
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       489,214 24,015
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       $ (510,968) $ (76,056)