v3.26.1
Note 12 - Segment Information
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

12.

Segment Information

 

Segment reporting is prepared on the same basis that our chief executive officer, who is our Chief Operating Decision Maker, manages the business, makes operating decisions and assesses performance. The Company operates in one segment. The Company’s business is research and development of drug candidates. Costs, including supplies, outsourced development, and other research and development costs are tracked by major program. While internal personnel costs are tracked by program for overall program spending, it is not broken out for management review. Facility and equipment costs are not allocated to programs. Research and development expenses are summarized by program in the table below (in thousands):

 

   

Three-Months Ended March 31,

 
   

2026

   

2025

 
                 

Personnel

  $ 4,592     $ 3,199  

General

    1,336       1,213  

Tovecimig

    4,976       6,677  

CTX-471

    858       699  

CTX-8371

    783       529  

CTX-10726

    845       737  

Research and development

    13,390       13,054  

Personnel

    4,914       3,301  

General

    1,995       1,611  

General and administrative

    6,909       4,912  

Interest income

    1,982       1,333  

Net loss

  $ (18,317 )   $ (16,633 )