v3.26.1
Related Party Transactions
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

13. Related Party Transactions

 

Paragon and Paruka each beneficially own less than 5% of the Company’s capital stock through their respective holdings of common stock.

 

Fairmount Healthcare Fund II, L.P. (“Fairmount”) beneficially owns more than 5% of the Company’s capital stock, currently has one representative appointed to the Board, and beneficially owns more than 5% of Paragon. Fairmount appointed Paragon’s board of directors and has the contractual right to approve the appointment of any executive officers of Paragon.

 

The following is a summary of related party accounts payable and other current liabilities (in thousands): 

 

   March 31,
2026
   December 31,
2025
 
Paragon milestone payments for the Option Agreements  $3,000   $
               —
 
Paragon reimbursable patent expenses   4    9 
Total  $3,004   $9