v3.25.2
Property and Equipment, Net (Tables)
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

Property and equipment, net consists of the following:

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Laboratory equipment

 

$

42,503

 

 

$

52,957

 

Leasehold improvements

 

 

39,061

 

 

 

33,344

 

Construction in progress

 

 

-

 

 

 

40,337

 

Computer equipment, software, and other

 

 

4,139

 

 

 

4,836

 

Total property and equipment, at cost

 

 

85,703

 

 

 

131,474

 

Less: Accumulated depreciation

 

 

(52,622

)

 

 

(54,166

)

Property and equipment, net

 

$

33,081

 

 

$

77,308