Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of property and equipment, net

Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:

Asset Category	Estimated Useful Life
Office furniture and equipment	3 years
Laboratory equipment	4 years
Leasehold improvements	Lesser of lease term or estimated useful lives

Property and equipment, net consists of the following (in thousands):

	December 31, 2024		December 31, 2023
Office furniture and equipment	$	1,333	$	1,108
Laboratory equipment	6,178		5,728
Leasehold improvements	9,282		8,673
Property and equipment, at cost	16,793		15,509
Less: accumulated depreciation and impairment charges	(9,420)		(3,688)
Property and equipment, net	$	7,373	$	11,821