v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Functional Operating Expenses

The following table outlines the Company’s functional operating expenses (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

Research and Development Expenses

 

 

 

 

 

 

PGN-EDODM1 direct research and development expenses

 

$

5,995

 

 

$

11,708

 

PGN-EDO51 direct research and development expenses

 

 

20

 

 

 

3,416

 

Platform and external research and development expenses

 

 

86

 

 

 

370

 

Personnel-related (including stock-based compensation)

 

 

5,115

 

 

 

7,471

 

Facility and related expenses

 

 

1,210

 

 

 

1,264

 

Other research and development expenses

 

 

578

 

 

 

1,149

 

Total research and development expense

 

 

13,004

 

 

 

25,378

 

General and Administrative Expenses

 

 

 

 

 

 

Personnel-related (including stock-based compensation)

 

 

3,457

 

 

 

3,595

 

Facility and related expenses

 

 

514

 

 

 

457

 

Other general and administrative expenses

 

 

1,967

 

 

 

1,891

 

Total general and administrative expense

 

 

5,938

 

 

 

5,943

 

Loss from operations

 

 

(18,942

)

 

 

(31,321

)

Other income (expense):

 

 

 

 

 

 

Interest income

 

 

1,250

 

 

 

1,122

 

Other (expense) income, net

 

 

(56

)

 

 

(3

)

Total other income (expense), net

 

 

1,194

 

 

 

1,119

 

Income tax expense

 

 

(15

)

 

 

 

Net loss

 

$

(17,763

)

 

$

(30,202

)