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Property and Equipment, Net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
(in thousands)March 31,
2025
December 31,
2024
Property and equipment:
Laboratory equipment$28,093 $27,343 
Leasehold improvement8,269 5,136 
Furniture and Fixture1,800 1,075 
Computer hardware and software1,010 869 
Construction in progress1,081 3,578 
Total property and equipment40,253 38,001 
Less: Accumulated depreciation(15,297)(13,597)
Total property and equipment, net$24,956 $24,404 
Depreciation expense related to property and equipment is as follows:
Three Months Ended March 31,
(in thousands)20252024
Depreciation Expense$1,700 $1,315