v3.25.4
Segments (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Forth Disaggregated Research and Development Expenses

In addition to the significant expense categories included within net loss presented on the consolidated statements of operations and comprehensive loss, the following table sets forth disaggregated research and development expenses (in thousands):

 

 

Year Ended December 31,

 

 

2025

 

 

2024

 

Direct research and development expenses:

 

 

 

 

 

 

Budoprutug

 

$

25,045

 

 

$

5,982

 

CLYM1161

 

 

11,964

 

 

 

 

Legacy programs2

 

 

107

 

 

 

201

 

Unallocated research and development expenses:

 

 

 

 

 

 

Personnel-related (including stock-based compensation)

 

 

8,232

 

 

 

7,990

 

Other research and development expenses

 

 

1,365

 

 

 

163

 

Total research and development expenses

 

$

46,713

 

 

$

14,336

 

 

1 Includes the upfront payment and the associated direct transaction costs incurred in connection with the Mabworks Agreement for the year ended December 31, 2025.

2 Includes direct expenses related to the Company's legacy product candidates ETX-123 and ETX-155.