Property and Equipment, Net

12 Months Ended

Dec. 31, 2025

Property and Equipment, Net

Property and Equipment, Net

(6) Property and Equipment, Net

Property and Equipment, net includes the following:

	December 31,		December 31,
	2025		2024
	(In thousands)
Laboratory equipment	$	10,657	$	10,411
Manufacturing equipment		2,587		3,010
Office furniture and equipment		3,932		3,965
Leasehold improvements		10,338		10,285
Construction in progress		1,724		139
Total property and equipment		29,238		27,810
Less: accumulated depreciation and amortization		(23,904)		(23,464)
Property and equipment, net	$	5,334	$	4,346

Depreciation and amortization expense related to property and equipment was $1.8 million, $1.6 million and $1.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.