v3.25.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information The following table summarizes the reportable segment's financial information (in thousands):
Three Months Ended March 31,
20252024
Revenue
$93,881 $70,502 
Less:
Cost of revenue from sale of therapies
(831)(246)
External research and development (R&D) expenses:
PRAME programs(17,305)(26,700)
Tebentafusp programs(7,990)(5,894)
Infectious disease programs(1,405)(2,246)
All other external clinical and preclinical costs
(11,231)(6,499)
Total external R&D expenses(37,931)(41,339)
R&D salaries and other employee-related costs(11,043)(9,754)
Selling, general and administrative (SG&A) salaries and other employee-related costs
(12,218)(14,840)
Other SG&A expenses
(20,672)(17,463)
Other segment expense, net (a)
(6,163)(11,296)
Segment and consolidated net income (loss)
$5,023 $(24,436)
(a) Other segment expenses, net includes other internal R&D expenses, share-based compensation expense, R&D tax credits, interest income, interest expense, foreign currency gain (loss), other income (expense), net and income tax expense