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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Measurements  
Schedule of assets and liabilities measured and recorded in financial statements at fair value on a recurring basis

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September 30, 2022

 

(In thousands)

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Total

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Level 1

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Level 2

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Level 3

 

Assets

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​

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Cash

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$

4,680

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$

4,680

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$

—

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$

—

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Cash equivalents – money market funds

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​

22,115

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​

22,115

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​

—

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​

—

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Total assets

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$

26,795

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$

26,795

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$

—

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$

—

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Liabilities

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Warrant liability

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$

3,750

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$

—

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$

—

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$

3,750

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Series X preferred stock liability

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20,400

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—

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—

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20,400

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Total liabilities

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$

24,150

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$

—

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$

—

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$

24,150

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December 31, 2021

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(In thousands)

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Total

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Level 1

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Level 2

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Level 3

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Assets

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Cash

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$

250

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$

250

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$

—

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$

—

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Cash equivalents – money market funds

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​

32,295

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​

32,295

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​

—

​

​

—

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Total assets

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$

32,545

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$

32,545

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$

—

​

$

—

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Schedule of reconciliation measured at fair value on a recurring basis using unobservable inputs

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(In thousands)

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Balance, December 31, 2021

 

$

—

Issuance in connection with Acquisition of Aceragen

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​

3,866

Change in fair value

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(116)

Balance, September 30, 2022

 

$

3,750