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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

Property and equipment consists of the following as of December 31, 2024 and 2023 (in thousands):

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Lab and office equipment under finance right-of-use asset

 

$

7,773

 

 

$

6,725

 

Lab equipment

 

 

10,526

 

 

 

5,098

 

Computer equipment

 

 

966

 

 

 

582

 

Furniture & fixtures

 

 

3,255

 

 

 

1,064

 

Leasehold improvements

 

 

44,010

 

 

 

7,802

 

Assets not yet in service

 

 

 

 

 

37,303

 

Total property and equipment

 

 

66,530

 

 

 

58,574

 

Less accumulated depreciation

 

 

(16,073

)

 

 

(10,440

)

Property and equipment, net

 

$

50,457

 

 

$

48,134