v3.26.1
License and Other Agreements (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Success Payment Liability

The following table summarizes the Company’s success payment liability for Harvard (in thousands):

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Harvard success payment liability

 

$

4,300

 

 

$

3,300

 

The following table summarizes the Company’s success payment liability for Broad Institute (in thousands):

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Broad Institute success payment liability

 

$

5,100

 

 

$

4,400

 

Schedule of Change in Fair Value of Success Payment Liability

The following table summarizes the expense (income) resulting from the change in the fair value of the success payment liability for Harvard (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Change in fair value of Harvard success payment liability

 

$

2,100

 

 

$

(600

)

 

$

1,000

 

 

$

(2,200

)

The following table summarizes the expense (income) resulting from the change in the fair value of the success payment liability for Broad Institute (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Change in fair value of Broad Institute success payment liability

 

$

2,100

 

 

$

(700

)

 

$

700

 

 

$

(2,300

)