v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses Significant segment expenses are presented below.

 

Three Months Ended
March 31,

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Clinical, Preclinical, and R&D Operations (1)

 

$

(19,367

)

 

$

(16,386

)

Chemistry, Manufacturing, and Controls (1)

 

 

(8,594

)

 

 

(6,957

)

General and Administrative (1)

 

 

(6,906

)

 

 

(5,692

)

Other Segment Items (2)

 

 

1,182

 

 

 

1,552

 

Net loss

 

$

(33,685

)

 

$

(27,483

)

(1) Includes depreciation expense directly allocated to respective activities.

(2) Other segment items primarily include interest and accretion income, realized gains and losses, and income taxes.