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Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

Property and equipment consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

 

 

 

March 31,
2025

 

 

December 31,
2024

 

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

 

$

7,773

 

 

$

7,773

 

Lab equipment

 

 

10,956

 

 

 

10,526

 

Computer equipment

 

 

966

 

 

 

966

 

Furniture & fixtures

 

 

3,385

 

 

 

3,255

 

Leasehold improvements

 

 

44,066

 

 

 

44,010

 

Assets not yet in service

 

 

148

 

 

 

 

Total property and equipment

 

 

67,294

 

 

 

66,530

 

Less accumulated depreciation

 

 

(18,122

)

 

 

(16,073

)

Property and equipment, net

 

$

49,172

 

 

$

50,457