v3.26.1
Property, Equipment and Leasehold Improvements
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Equipment and Leasehold Improvements Property, Equipment and Leasehold Improvements
Property, equipment and leasehold improvements consist of the following:
(dollars in millions)June 30,
2026		December 31,
2025
Laboratory equipment$21.9 $21.3 
Leasehold improvements9.1 9.1 
Office equipment3.2 3.0 
Total property, equipment and leasehold improvements34.2 33.4 
Less: accumulated depreciation and amortization(29.2)(28.2)
Property, equipment and leasehold improvements, net$5.0 $5.2 
During the three months ended June 30, 2026 and 2025, the Company recognized depreciation and amortization expense of $0.7 million and $0.8 million, respectively.
During the six months ended June 30, 2026 and 2025, the Company recognized depreciation and amortization expense of $1.4 million and $1.5 million, respectively.