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Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

Property and equipment, net consists of the following:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Laboratory equipment

 

$

38,462

 

 

$

52,957

 

Leasehold improvements

 

 

39,061

 

 

 

33,344

 

Construction in progress

 

 

-

 

 

 

40,337

 

Computer equipment, software, and other

 

 

4,138

 

 

 

4,836

 

Total property and equipment, at cost

 

 

81,661

 

 

 

131,474

 

Less: Accumulated depreciation

 

 

(54,755

)

 

 

(54,166

)

Property and equipment, net

 

$

26,906

 

 

$

77,308