DEFINED CONTRIBUTION PENSION

6 Months Ended

Jun. 30, 2025

DEFINED CONTRIBUTION PENSION

DEFINED CONTRIBUTION PENSION

11.  DEFINED CONTRIBUTION PENSION

The Company operates a defined contribution pension scheme for its UK employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund. Pension cost is included in the unaudited interim condensed consolidated statements of operations as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Research and development	$	37	$	20	$	58	$	41
General and administration		18		20		38		36
Total	$	55	$	40	$	96	$	77