Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Qualitative Information Regarding Leases

Qualitative information regarding the Company’s leases as of December 31, 2024 is as follows:

Location	Lease Type	Lease Nature	Lease Commencement	Lease Term Expiration	Annual Base Rent  (in Millions)
Copenhagen, Denmark	Operating	Office	March 2021	December 2027	$	0.2
Copenhagen, Denmark	Operating	Office	December 2024	December 2027	$	0.04
Copenhagen, Denmark	Operating	Lab	January 2023	December 2027	$	0.04
Newport, United Kingdom	Operating	Office	June 2023	May 2025	$	0.04
New York, New York	Operating	Office	October 2021	January 2027	$	0.2
Rockville, Maryland	Operating	Lab	December 2021	May 2027	$	0.3

Schedule of Quantitative Information Regarding Leases

Quantitative information regarding the Company’s leases for the year ended December 31, 2024 is as follows (in thousands):

	Year Ended December 31,
Lease Cost	2024			2023
Operating lease cost	$	782		$	730
Operating cash flows paid for amounts included in the measurement of lease liabilities	$	776		$	723
Operating lease liabilities arising from obtaining right‑of‑use assets	$	118		$	235
Remaining lease term (years)		2.5			3.5
Weighted average discount rate		6.4	%		6.3	%

Schedule of Future Lease Payments (Undiscounted) under Noncancelable Leases

Future lease payments (undiscounted) under noncancelable leases are as follows as of December 31, 2024 (in thousands):

Future Lease Payments	Amount
2025	$	819
2026		829
2027		434
2028		—
2029		—
Thereafter		—
Total	$	2,082