v3.25.2
Related Party Transactions
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

14. Related Party Transactions

2025 Private Placement

As discussed in Note 7, on June 25, 2025, the Company entered into a purchase agreement with certain institutional investors pursuant to which the Company issued and sold warrants to purchase the Company's common stock. RA Capital Healthcare Fund, L.P. purchased warrants to purchase up to 200,000,000 shares of the Company's common stock for gross proceeds of $50.0 million. RA Capital Healthcare Fund, L.P. and its affiliates hold more than 5% of the Company’s common stock. Joshua Resnick, M.D., a member of the Company’s board of directors, is a managing director at RA Capital Management, an affiliate of RA Capital Healthcare Fund, L.P. The terms of the warrants are further described in Note 7 and none of the warrants have been exercised as of June 30, 2025.