v3.25.2
Accrued Expenses and Other Current Liabilities
6 Months Ended
Jun. 30, 2025
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities

4. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of (in thousands):

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Accrued contracted research and development costs

 

$

5,235

 

 

$

3,912

 

Accrued compensation

 

 

2,259

 

 

$

5,017

 

Accrued general and administrative costs

 

 

1,295

 

 

 

1,134

 

Lease liability

 

 

90

 

 

 

116

 

Total accrued expenses and other current liabilities

 

$

8,879

 

 

$

10,179

 

 

Accrued Contracted Research and Development Costs

As of June 30, 2025, Accrued contracted research and development costs are primarily comprised of costs associated with MOLBREEVI for the treatment of autoimmune PAP, including expenses resulting from obligations under agreements with CROs, CMOs, and other outside service providers that provide services in connection with the Company's research and development activities.

 

Accrued Compensation

As of June 30, 2025, Accrued compensation includes amounts to be paid to employees for salary, bonuses, vacation and non-equity performance-based compensation. At the end of any period, the amounts accrued for such compensation may vary due to many factors including, but not limited to, timing of payments to employees and vacation usage.