Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

The table below presents activity within Level 3 of the fair value hierarchy, our liabilities carried at fair value relating to the medac settlement, for the six months ended June 30, 2025:


	Level 3
(In thousands)	Contingent liabilities
Balance at January 1, 2025	$	974
Change due to liability payment	(208)
Liability fair value adjustment	(56)
Total change in foreign exchange	92
Balance at June 30, 2025	$	802

Schedule of Financial Assets and Liabilities Measured at Fair Value

The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value as of June 30, 2025 and December 31, 2024 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value.


	June 30, 2025
(In thousands)	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Money market funds	$	8	$	—	$	—	$	8
U.S. government agency bonds	—		46,584		—		46,584
Total Assets	$	8	$	46,584	$	—	$	46,592

Liabilities:
Contingent Liability	$	—	$	—	$	802	$	802
Total Liabilities	$	—	$	—	$	802	$	802


	December 31, 2024
(In thousands)	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Money market funds	$	9	$	—	$	—	$	9
U.S. government agency bonds	—		20,821		—		20,821
Total Assets	$	9	$	20,821	$	—	$	20,830

Liabilities:
Contingent Liability	$	—	$	—	$	974	$	974
Total Liabilities	$	—	$	—	$	974	$	974