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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information

The following table provides information about the Company's single operating segment which includes significant expenses by function along with significant non-cash expense items.

 

 

Year Ended
December 31,

 

 

2024

 

 

2023

 

Revenue:

 

 

 

 

 

Collaboration and license revenue

 

2,816

 

 

 

21,049

 

Operating expenses:

 

 

 

 

 

Research and development:

 

 

 

 

 

Personnel expenses

 

31,742

 

 

 

24,165

 

Laboratory supplies, research materials and studies

 

31,468

 

 

 

30,101

 

Clinical studies

 

19,245

 

 

 

10,214

 

Facility-related and other

 

16,669

 

 

 

16,298

 

Stock-based compensation

 

4,846

 

 

 

2,876

 

Depreciation expense

 

3,380

 

 

 

4,499

 

General and administrative:

 

 

 

 

 

Personnel expenses

 

10,900

 

 

 

9,065

 

Legal and professional fees

 

7,380

 

 

 

7,119

 

Facility-related and other

 

6,576

 

 

 

6,976

 

Stock-based compensation

 

4,703

 

 

 

2,332

 

Depreciation Expense

 

728

 

 

 

862

 

Loss from operations

 

(134,821

)

 

 

(93,458

)

Other (expense) income:

 

 

 

 

 

Interest and other income, net

 

12,065

 

 

 

7,999

 

Interest expense

 

(3,653

)

 

 

(3,759

)

Loss on extinguishment of debt

 

(1,090

)

 

 

-

 

Net Loss

 

(127,499

)

 

 

(89,218

)