Related Parties |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Parties | 16. Related parties In October 2021, the Company entered into the Maruho Agreement (Note 15). Through the date of the IPO, Maruho was considered to be a related party because it was one of the co-founders of the Company and had representation on the Company’s board of directors. Since the closing of the IPO in October 2024, Maruho is no longer considered a related party as they no longer have representation on the Company’s board of directors. During the six months ended June 30, 2025 and 2024, the Company received payments of $1.2 million and $0.7 million, respectively, in cost reimbursements from Maruho. The Company recorded collaboration revenue of $0.9 million and $0.5 million during the three months ended June 30, 2025 and 2024, respectively, and $1.5 million and $1.2 million during the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and December 31, 2024, there was $0.9 million and $0.6 million in accounts receivable, representing amounts due for qualifying reimbursable expenses related to the Maruho Agreement. |