v3.26.1
Segment Reporting
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
13.
Segment Reporting

The Company is a clinical-stage biotechnology company focused on discovering, developing and delivering curative therapies that address the underlying drivers of heart disease and has one operating and reportable segment. The Company’s chief operating decision maker (CODM) is the chief executive officer.

The statement of operations includes research and development expenses, general and administrative costs, interest income, and income taxes; the Company has not generated any product revenue. In addition to reviewing the expenses in the Company’s statement of operations, the CODM is regularly provided with operating expenses by function. The CODM does not review assets at a different asset level or category than the amounts disclosed in the Company’s balance sheet. The Company’s long-lived assets are located in the United States.

The following table provides information about the Company’s operating expenses by function and includes a reconciliation to net loss.

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Revenue

 

 

 

 

 

 

Collaboration revenue

 

$

225

 

 

$

 

Operating expenses:

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

Clinical

 

 

5,376

 

 

 

5,947

 

Manufacturing (pre-commercial)

 

 

3,465

 

 

 

5,447

 

Research

 

 

2,958

 

 

 

5,919

 

Other

 

 

3,044

 

 

 

3,763

 

Total research and development

 

 

14,843

 

 

 

21,076

 

General and administrative

 

 

5,447

 

 

 

6,462

 

Total operating expenses

 

 

20,290

 

 

 

27,538

 

Loss from operations

 

 

(20,065

)

 

 

(27,538

)

Other income, net:

 

 

 

 

 

 

Interest income

 

 

793

 

 

 

635

 

Other income, net

 

 

 

 

 

39

 

Total other income, net

 

 

793

 

 

 

674

 

Net loss before income tax expense

 

 

(19,272

)

 

 

(26,864

)

Income tax expense

 

 

 

 

 

 

Net loss

 

$

(19,272

)

 

$

(26,864

)