Property and Equipment, net

3 Months Ended

Mar. 31, 2026

Property and equipment, net consisted of the following (in thousands):


	March 31, 2026		December 31, 2025
Leasehold improvements	$	1,920	$	1,920
Laboratory equipment	1,575		1,575
Furniture & fixtures	852		852
Total property and equipment	4,347		4,347
Less: accumulated depreciation	(2,276)		(2,122)
Property and equipment, net	$	2,071	$	2,225

Depreciation expense was $0.2 million for the three months ended March 31, 2026 and 2025