XML 36 R28.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment expenses reviewed by the CDMO

The following table provides R&D expenses by program with a reconciliation to net loss for the periods indicated, which are regularly reviewed by the CODM:

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

(in thousands)

 

 

 

 

Program expenses:

 

 

 

 

 

 

 

 

 

 

 

Mecbotamab vedotin, BA3011 (CAB AXL-ADC)

$

3,051

 

 

$

3,500

 

 

$

5,992

 

 

$

8,833

 

Ozuriftamab vedotin, BA3021 (CAB ROR2-ADC)

 

1,208

 

 

 

2,023

 

 

 

3,285

 

 

 

4,564

 

Evalstotug, BA3071 (CAB CTLA-4)

 

3,045

 

 

 

2,447

 

 

 

3,224

 

 

 

5,055

 

BA3182 (CAB EpCAM x CAB CD3)

 

2,136

 

 

 

1,206

 

 

 

3,076

 

 

 

2,377

 

Other CAB Programs

 

728

 

 

 

1,629

 

 

 

1,799

 

 

 

3,258

 

Total program expenses

 

10,168

 

 

 

10,805

 

 

 

17,376

 

 

 

24,087

 

Personnel and related

 

2,145

 

 

 

3,347

 

 

 

5,603

 

 

 

6,770

 

Equity-based compensation

 

567

 

 

 

1,164

 

 

 

1,342

 

 

 

2,244

 

Facilities and other

 

804

 

 

 

882

 

 

 

1,718

 

 

 

1,949

 

Total research and development expenses

 

13,684

 

 

 

16,198

 

 

 

26,039

 

 

 

35,050

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

Personnel and related

 

1,577

 

 

 

1,938

 

 

 

3,680

 

 

 

3,906

 

Equity-based compensation

 

810

 

 

 

1,332

 

 

 

1,680

 

 

 

2,553

 

Facilities and other

 

2,576

 

 

 

2,504

 

 

 

4,862

 

 

 

4,920

 

Total general and administrative expenses

 

4,963

 

 

 

5,774

 

 

 

10,222

 

 

 

11,379

 

Interest and other income (loss)

 

(64

)

 

 

900

 

 

 

2,216

 

 

 

2,123

 

Net loss and comprehensive loss

$

(18,711

)

 

$

(21,072

)

 

$

(34,045

)

 

$

(44,306

)