v3.26.1
Balance Sheet Components (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following as of December 31, 2025 and 2024 (in thousands):
December 31,
2025		December 31,
2024
Unbilled receivable from Everest (Note 10)
$1,741 $— 
Advance for clinical-related costs, current— 3,380 
Licenses, dues and subscriptions72 514 
Deposits for operating lease
674 — 
Insurance463 574 
Interest receivable184 424 
Others200 351 
Total prepaid expenses and other current assets$3,334 $5,243 
Summary of Property and Equipment, Net
Property and equipment, net consisted of the following as of December 31, 2025 and 2024 (in thousands):
December 31,
2025		December 31,
2024
Leasehold improvements$3,268 $3,488 
Furniture, laboratory and office equipment— 5,565 
Computer equipment184 285 
Total property and equipment3,452 9,338 
Less: accumulated depreciation and amortization(3,286)(6,445)
Property and equipment, net$166 $2,893 
Summary of Other Assets
As of December 31, 2025, other assets were classified as other current assets. Other assets consisted of the following (in thousands):
December 31,
2025		December 31,
2024
Unbilled receivable from Everest, noncurrent (Note 10)$— $1,741 
Deposits for operating lease— 674 
Total other assets$— $2,415 
Summary of Accrued Liabilities
Accrued liabilities consisted of the following as of December 31, 2025 and 2024 (in thousands):
December 31,
2025		December 31,
2024
Accrued preclinical and research costs$1,686 $841 
Accrued severance related costs
1,556 — 
Accrued clinical costs93 4,212 
Accrued employee-related costs66 2,716 
Accrued professional services42 111 
Others298 55 
Total accrued liabilities$3,741 $7,935