​

  ​ ​ ​

​

​

​

  ​ ​ ​

​

​

​

​

For the year ended

​

​

For the year ended

​

​

​

December 31, 

​

​

December 31, 

​

​

2025

​

​

2024

Employee compensation and benefits

$

7,966

​

$

6,892

Clinical expense

​

5,461

​

4,330

License fee

​

2,438

​

5

Manufacturing

​

2,131

​

1,535

Professional services and other

​

157

​

156

Total research and development expenses

$

18,153

​

$

12,918