Property, Plant and Equipment, net |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment, net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment, net | 5. Property, Plant and Equipment, net Property, plant and equipment, net at December 31, 2025 and 2024 consist of the following (in thousands):
Depreciation and amortization expense related to property, plant and equipment was $11.1 million and $11.4 million for the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025, property, plant and equipment with a carrying value of $5.5 million, consisting of $4.5 million leasehold improvements and $1 million manufacturing equipment, was not subject to depreciation, as these assets were not placed in service and not available for their intended use. As of December 31, 2024, property, plant and equipment with carrying value of $5.7 million, consisting of $3.8 million leasehold improvements, $1.7 million manufacturing equipment and $0.2 million laboratory equipment, was not subject to depreciation, as these assets were not placed in service and not available for their intended use. |
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