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Commitments and Contingencies
9 Months Ended
Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 7. Commitments and Contingencies

Guarantees and Indemnifications

In the normal course of business, the Company enters into agreements that contain a variety of representations and provide for general indemnification. The Company’s exposure under these agreements is unknown because it involves claims that may be made against the Company in the future. To date, the Company has not paid any claims or been required to defend any action related to its indemnification obligations. As of September 30, 2026 and December 31, 2025, the Company did not have any material indemnification claims that were probable or reasonably possible and, consequently, had not recorded related liabilities.

Legal Proceedings

From time to time, the Company may have contingent liabilities that arise in the ordinary course of business activities. The Company assesses, in conjunction with its legal counsel, the need to record a liability for litigation and contingencies. Reserve estimates are recorded when and if it is determined that a loss-related matter is both probable and reasonably estimable. As of September 30, 2026 and December 31, 2025, the Company did not have any material reserve estimates recorded.

Contractual Commitments

The Company enters into contracts in the normal course of business for contract research services, contract manufacturing services, professional services and other services and products used in its operations. These contracts generally provide for

termination after a notice period. As of September 30, 2026, the Company had no material non-cancelable contractual commitments. See Note 5 for information regarding the Company’s lease commitments.