v3.25.2
Segment information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information The following table summarizes the reportable segment's financial information (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenue
$97,964 $75,400 $191,845 $145,902 
Less:
Cost of revenue from sale of therapies
(1,040)(1,707)(1,871)(1,953)
External research and development (R&D) expenses:
PRAME programs(20,678)(21,932)(37,983)(48,632)
Tebentafusp programs(10,417)(4,557)(18,407)(10,451)
Infectious disease programs(1,325)(1,439)(2,730)(3,685)
All other external clinical and preclinical costs
(15,253)(4,449)(26,484)(10,948)
Total external R&D expenses(47,673)(32,377)(85,604)(73,716)
R&D salaries and other employee-related costs(12,907)(12,221)(23,950)(21,975)
Selling, general and administrative (SG&A) salaries and other employee-related costs
(12,827)(10,481)(25,045)(25,321)
Other SG&A expenses
(22,249)(20,329)(42,921)(37,792)
Other segment expense, net (a)
(11,568)(9,901)(17,731)(21,197)
Segment and consolidated net loss
$(10,300)$(11,616)$(5,277)$(36,052)
(a) Other segment expenses, net includes other internal R&D expenses, share-based compensation expense, R&D tax credits, interest income, interest expense, foreign currency (loss) gain, other income, net and income tax expense