v3.26.1
Related Party Transactions
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

11. RELATED PARTY TRANSACTIONS

The Company had the following related party transactions:

Pursuant to the terms of various contract research service agreements with Shin Nippon Biomedical Laboratories Ltd., a contract research organization and one of the Company’s shareholders, and its affiliates (together, “SNBL”), the Company paid SNBL $1.9 million and $4.8 million, respectively, during the three and six months ended June 30, 2026. The Company paid SNBL $0.1 million during the three and six months ended June 30, 2025. Through June 30, 2026, the Company has paid an aggregate of $8.2 million to SNBL for the aforementioned various service agreements. During the three and six months ended June 30, 2026, the Company incurred expenses of approximately $0.8 million and $2.2 million, respectively, related to the aforementioned various service agreements. During the three and six months ended June 30, 2025, the Company incurred expenses of approximately $1.0 million and $1.6 million, respectively, related to the aforementioned various service agreements.