v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table provides the operating financial results of the Company’s single reportable segment (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Significant segment expenses
Research and development
PIPE-791$7,127 $6,178 $13,178 $11,732 
PIPE-307(259)2,160 (8)4,775 
CTX-343341 1,059 614 2,437 
Discovery programs1,317 1,328 2,743 2,710 
Unallocated internal costs(1)
4,176 3,338 7,822 6,121 
General and administrative4,726 3,839 9,983 8,237 
Total operating expenses17,428 17,902 34,332 36,012 
Loss from operations(17,428)(17,902)(34,332)(36,012)
Interest income2,342 2,029 4,847 4,279 
Other segment items(2)
(68)(167)(125)(297)
Net loss$(15,154)$(16,040)$(29,610)$(32,030)
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(1)Unallocated internal research and development costs include employee-related expenses that cannot be directly attributable to a specific research project, stock-based compensation for employees engaged in research and development functions, facilities, depreciation and other related expenses.

(2)Other segment items include other expense, net which primarily consists of non-operating items.