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 (in thousands):

	As of September 30, 2024		As of December 31, 2023
Laboratory equipment	$	10,956	$	10,410
Leasehold improvements	2,118		1,663
Furniture and fixtures	1,727		—
Computer equipment and software	1,090		124
Construction-in-progress	128		52
Total property and equipment, gross	16,019		12,249
Less: Accumulated depreciation	(10,348)		(8,682)
Total property and equipment, net	$	5,671	$	3,567

Depreciation expense was $0.5 million and $1.7 million for the three and nine months ended September 30, 2024, and $0.5 million and $1.4 million for the three and nine months ended September 30, 2023, respectively.