Subsequent Events |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events | |
| Subsequent Events | 16. Subsequent Events Ligand Merger Agreement On April 27, 2026, Ligand and the Company announced that they have entered into a definitive agreement under which Ligand expects to acquire the Company for $39.00 per share of common stock in cash, for a total equity value of approximately $739.0 million, plus one non-transferable CVR per share entitling the holder to receive a portion of 75% of the net proceeds, if any, that may result from ongoing litigation initiated by the Company against Janssen. |