Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Segment Reporting Information, by Segment

There are no differences from the Company’s 2024 Form 10-K in the factors used to identify the reportable segments or measurement basis for segment loss. Significant segment expenses, as provided to the CODM, are presented below (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Research and development payroll-related costs	$	5,089	$	4,253	$	10,321	$	7,281
General and administrative payroll-related costs	2,003		1,750		4,156		3,299
Clinical trial expenses	6,023		3,043		12,032		5,238
Chemistry, manufacturing, and controls costs	3,124		5,842		7,470		10,235
Medical affairs expenses	977		657		1,532		944
Research and development consulting expenses	1,537		948		2,910		1,779
General and administrative consulting expenses	1,302		1,605		2,338		3,595
Other segment items1	3,037		(611)		5,303		(1,573)
Segment and consolidated net loss	$	23,092	$	17,487	$	46,062	$	30,798

1Other segment items include legal expenses, accounting expenses, IT and facilities expenses, insurance expenses, other operating expenses, interest income, investment income, stock-based compensation expense, depreciation expense, and other income, net.