v3.25.2
Related Party Transactions
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions
14. Related Party Transactions
Paragon and Parascent each beneficially own less than 5% of the Company’s share capital through their respective holdings of the Company’s ordinary shares. Fairmount beneficially owns more than 5% of the Company’s capital, currently has two representatives appointed to the Board and beneficially owns more than 5% of Paragon. Fairmount appointed Paragon’s board of directors and has the contractual right to approve the appointment of any executive officers of Paragon.
The following is a summary of related party accounts payable and other current liabilities (in thousands):
As of June 30, 2025As of December 31, 2024
Paragon accrued research and development$5,019 $6,901 
Paragon accrued general and administrative164 320 
$5,183 $7,221