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Segment reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of the segment loss, including significant segment expenses

The table below is a summary of segment loss, including significant segment expenses that are regularly provided to the CODM:

 

Three months ended March 31,

 

(in thousands)

 

2025

 

 

2024

 

Revenue

 

$

32,976

 

 

$

5,695

 

Less:

 

 

 

 

 

 

Research and early development(a)

 

 

13,940

 

 

 

13,191

 

Development(a)

 

 

9,610

 

 

 

5,903

 

Chemistry, manufacturing and controls (CMC)(a)

 

 

18,592

 

 

 

16,930

 

General and administrative(a)

 

 

14,580

 

 

 

14,543

 

Interest income

 

 

(5,553

)

 

 

(8,162

)

Other segment expenses(b)

 

 

12,840

 

 

 

12,026

 

Net loss

 

$

(31,033

)

 

$

(48,736

)

(a) All facility and information technology related costs, which totaled $5.2 million and $5.3 million for the three months ended March 31, 2025 and 2024, respectively, are allocated to general and administrative expenses.

(b) Other segment expenses include depreciation, stock-based compensation expenses, other expense, income tax expense, and change in fair value of success payment liability