v3.25.2
Note 12 - Segment Information
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

12.

Segment Information

 

Segment reporting is prepared on the same basis that our chief executive officer, who is our Chief Operating Decision Maker (CODM), manages the business, makes operating decisions and assesses performance. The Company operates in one segment. The Company’s business is research and development of drug candidates. Costs, including supplies, outsourced development, and other research and development costs are tracked by major program. While internal personnel costs are tracked by program for overall program spending, it is not broken out for management review. Facility and equipment costs are not allocated to programs. Research and development expenses are summarized by program in the table below:

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2025

   

2024

   

2025

   

2024

 
   

(000's)

   

(000's)

 

Licensing revenue

  $     $ 850     $     $ 850  
                                 

Personnel

    2,417       1,932       5,187       3,769  

General

    1,709       1,396       3,358       3,317  

Tovecimig

    7,749       6,413       14,426       10,911  

CTX-471

    1,760       828       2,459       1,507  

CTX-8371

    1,044       605       1,573       1,191  

CTX-10726

    1,736             2,473        

Research and development

    16,415       11,174       29,476       20,695  

Personnel

    1,168       1,801       2,763       2,745  

General

    1,549       1,257       3,152       2,482  

Stock-based compensation

    1,934       1,663       3,641       2,742  

General and administrative

    4,651       4,721       9,556       7,969  

Other income

    1,185       1,969       2,518       3,951  

Net loss

  $ (19,881 )   $ (13,076 )   $ (36,514 )   $ (23,863 )