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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information

In addition to the significant expense categories included within net loss presented on the Company's condensed statements of operations, see below for disaggregated amounts that comprise research and development expenses:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

(in thousands)

 

External costs:

 

 

 

 

 

 

 

 

 

 

 

 

Third-party CRO, CMO and other third-party clinical trial costs (1)

 

$

22,087

 

 

$

22,547

 

 

$

42,908

 

 

$

42,093

 

License agreement related payments

 

 

 

 

 

55,000

 

 

 

4,000

 

 

 

60,000

 

Other research and development costs

 

 

2,001

 

 

 

2,346

 

 

 

4,021

 

 

 

4,513

 

Internal costs:

 

 

 

 

 

 

 

 

 

 

 

 

Employee related expenses

 

 

12,061

 

 

 

12,213

 

 

 

24,839

 

 

 

25,710

 

Total research and development expenses

 

$

36,149

 

 

$

92,106

 

 

$

75,768

 

 

$

132,316

 

(1) Costs incurred under agreements with third-party CROs, CMOs, and other third parties that conduct clinical activities on the Company's behalf.