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Segment reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Loss Including Segment Expenses

The table below is a summary of the segment loss, including significant segment expenses (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Operating expenses:

 

 

 

 

 

 

Facility costs

 

$

11,232

 

 

$

12,105

 

Research and laboratory

 

 

8,846

 

 

 

15,927

 

Support functions

 

 

8,654

 

 

 

13,645

 

Technical operations and manufacturing

 

 

7,436

 

 

 

10,023

 

Stock-based compensation

 

 

7,022

 

 

 

9,093

 

Clinical development

 

 

3,246

 

 

 

7,865

 

Other(1)

 

 

2,237

 

 

 

4,059

 

Research and development related success payments and contingent consideration

 

 

1,957

 

 

 

38,007

 

Total operating expenses

 

 

50,630

 

 

 

110,724

 

Loss from operations

 

 

(50,630

)

 

 

(110,724

)

Interest income, net

 

 

992

 

 

 

3,034

 

Other income, net

 

 

249

 

 

 

215

 

Net loss

 

$

(49,389

)

 

$

(107,475

)

 

(1) Other includes licensing costs, consulting fees, insurance and business taxes for the three months ended March 31, 2025 and 2024.