Related Party Transactions

6 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Related party transactions

8. Related Party Transactions

Himalaya Therapeutics SEZC

Clinical Trial Services Agreement

In January 2024, the Company entered into an amended Clinical Trial Services Agreement with Himalaya Therapeutics SEZC (as so amended, the “Clinical Trial Services Agreement”). Under the Clinical Trial Services Agreement, BioAtla will pay Himalaya Therapeutics SEZC for the full-time use of two of its personnel and provide services related to the initiation of clinical trials for evalstotug in China for a period of 12 months. For the three and six months ended June 30, 2024, the Company recognized $0.1 million and $0.3 million, respectively, in research and development expense related to the Clinical Trial Services Agreement, compared to $0 and $0.1 million for the three and six months ended June 30, 2023, respectively. As of June 30, 2024, the Company had $0.1 million due to Himalaya Therapeutics SEZC, related to the Clinical Trial Services Agreement.