v3.26.1
Property, Equipment and Leasehold Improvements
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Equipment and Leasehold Improvements Property, Equipment and Leasehold Improvements
Property, equipment and leasehold improvements consist of the following:
(dollars in millions)March 31,
2026		December 31,
2025
Laboratory equipment$21.7 $21.3 
Leasehold improvements9.1 9.1 
Office equipment3.2 3.0 
Total property, equipment and leasehold improvements34.0 33.4 
Less: accumulated depreciation and amortization(28.5)(28.2)
Property, equipment and leasehold improvements, net$5.5 $5.2 
During each of the three months ended March 31, 2026 and 2025, the Company recognized depreciation and amortization expense of $0.7 million.