v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
15. Segment Reporting
The Company has one reportable segment relating to the research and development of its research programs, CR-001, CR-002, and CR-003. The Company’s CODM, its Chief Executive Officer, manages the Company’s operations on a company-wide basis for the allocation of resources and the assessment of performance. The Company’s measure of segment profit or loss used to assess performance and allocate resources is net loss and comprehensive loss. Although the Company’s financial reporting package that is reviewed and approved by the CODM disaggregates significant expenses such as program-level external research and development costs, personnel costs, including share-based compensation expense, and professional and consulting fees, all decisions made by the CODM are based upon reviewing operating metrics and performance indications at the Company-wide level. The CODM uses net loss to evaluate loss generated from the Company’s business activities in deciding how to allocate company resources and monitoring budget versus actual results. Assets are also managed on a Company-wide basis.
The table below is a summary of the segment loss, including significant segment expenses (in thousands):
Three Months Ended
June 30, 2025		Six Months Ended
June 30, 2025
CR-001 external research and development costs$3,880 $10,613 
CR-002 external research and development costs3,610 4,980 
Other external research and discovery costs(1)
751 1,814 
General and administrative personnel costs5,633 7,292 
Research and development personnel costs3,714 5,145 
Professional and consulting fees2,790 4,534 
Other segment items (2)
1,412 2,560 
Net loss and comprehensive loss$21,790 $36,938 
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(1)External research and discovery costs include CR-003 costs and other costs associated with candidate discovery activities.
(2)Other expense including interest expense and miscellaneous other expense offset by interest incom