Accrued expenses consist of the following (in thousands): | | | | | | | | | | | | | June 30, | | December 31, | | 2025 | | 2024 | | Accrued research and development expenses | $ | 23,127 | | | $ | 28,715 | | | Accrued employee expenses | 7,497 | | | 12,799 | | | Accrued restructuring | 543 | | | — | | | Accrued general and administrative expenses | 244 | | | 642 | | | Lease liability | 3,627 | | | 3,072 | | | Contingent consideration | 500 | | | 500 | | | | | | | Accrued legal expenses | 265 | | | 408 | | | Total accrued expenses | 35,803 | | | 46,136 | | | | | | | Less long-term portion | 500 | | | 849 | | Total accrued expenses, current | $ | 35,303 | | | $ | 45,287 | |
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