| Balance Sheet Components Property and Equipment, Net Property and equipment, net consists of the following: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | (In thousands) | | Laboratory equipment | $ | 14,845 | | | $ | 14,963 | | | Leasehold improvements | 13,779 | | | 13,779 | | | Computer equipment and software | 1,019 | | | 901 | | | | | | | Construction in progress | 50 | | | 9 | | | Total property and equipment | 29,693 | | | 29,652 | | | Less: Accumulated depreciation and amortization | (18,882) | | | (18,045) | | | Property and equipment, net | $ | 10,811 | | | $ | 11,607 | |
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | (In thousands) | | Accrued nonclinical, clinical and process development costs | $ | 10,402 | | | $ | 4,401 | | | Employee compensation | 7,213 | | | 9,540 | | | Accrued professional services | 704 | | | 554 | | | | | | | Other | 926 | | | 1,125 | | | Total accrued expenses and other current liabilities | $ | 19,245 | | | $ | 15,620 | |
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