Long Term Debt (Tables)

6 Months Ended

Jun. 30, 2026

The CIBC Loan consisted of the following (in thousands):


	December 31,
	2025
Term loan	$	37,000
Less: debt issuance costs	(116)
Total	$	36,884
Reported as:
Short-term debt	$	—
Long-term debt	36,884
Total term loan	$	36,884

The Perceptive Loan consisted of the following (in thousands):


	June 30,
	2026
Term loan	$	40,269
Less: debt issuance costs	(2,893)
Total	$	37,376
Reported as:
Short-term debt	$	—
Long-term debt	37,376
Total term loan	$	37,376

Schedule of Contractual Maturities of Financing Obligations

As of June 30, 2026, the aggregate future payments under the Perceptive Agreement and Swiss COVID-19 Credit Agreement (including interest payments) are as follows (in thousands):


Fiscal Year Ending December 31,	Amount
2026 (remaining six months)	$	1,862
2027	3,747
2028	3,728
2029	4,492
2030	4,633
Thereafter	43,881
Total	62,343
Less: unamortized debt discount	(2,893)
Less: interest	(19,082)
Less: PIK interest	(2,237)
Less: exit fee	(600)
Term loan and credit agreement	$	37,531

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details