| Summary of Segment Net Loss, Including Significant Segment Expenses |
The table below is a summary of the segment net loss, including significant segment expenses:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2025 |
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2024 |
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|
2025 |
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|
2024 |
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Collaboration revenue |
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$ |
2,412 |
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|
$ |
— |
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|
$ |
3,863 |
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|
$ |
— |
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Segment expenses: |
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Direct program costs |
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|
13,955 |
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|
|
4,682 |
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|
|
18,584 |
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|
|
9,293 |
|
Indirect research and development expenses |
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|
5,889 |
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|
|
5,789 |
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|
|
12,369 |
|
|
|
10,499 |
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General and administrative |
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|
7,339 |
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|
|
4,798 |
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|
|
14,127 |
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|
|
8,290 |
|
Total operating and segment expenses |
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$ |
27,183 |
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|
$ |
15,269 |
|
|
$ |
45,080 |
|
|
$ |
28,082 |
|
Loss from operations |
|
$ |
(24,771 |
) |
|
$ |
(15,269 |
) |
|
$ |
(41,217 |
) |
|
$ |
(28,082 |
) |
Total other income (expense), net |
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|
3,208 |
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|
|
1,688 |
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|
|
6,726 |
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|
|
1,509 |
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Segment and consolidated net loss |
|
$ |
(21,563 |
) |
|
$ |
(13,581 |
) |
|
$ |
(34,491 |
) |
|
$ |
(26,573 |
) |
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