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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Annual Commitments Associated with the Contract The following table outlines the annual commitments associated with the contract as of December 31, 2022 (in thousands):

 

Due in:

 

Product manufacturing commitments (1)

 

Dedicated manufacturing and development resources (2)

 

Exclusive transduction suites (3)

 

Total AGC Commitment

 

2023

 

$

1,933

 

$

5,655

 

$

2,147

 

$

9,735

 

2024

 

 

1,933

 

 

5,655

 

 

2,147

 

 

9,735

 

2025

 

 

966

 

 

2,827

 

 

1,074

 

 

4,867

 

Total manufacturing commitments

 

$

4,832

 

$

14,137

 

$

5,368

 

$

24,337

 

The tabular disclosure above has been translated from Euros to U.S. Dollars using an exchange rate of €1.00 to $1.07.

 

(1) The minimum product manufacturing commitments may be increased to the mid-seven figures per contract year upon achievement of certain milestones.

(2) The Company may increase or decrease the usage of dedicated development services on a rolling basis with between six and 12-months’ prior written notice to AGC. The above table assumes continued usage of dedicated development services at current rates.

(3) Refer to Note 10 for further information on the embedded operating lease agreement