v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment

The following table presents reportable segment net loss, including significant expenses regularly provided to the CODM, attributable to the Company’s reportable segment for the three and six months ended June 30, 2026 and 2025:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Direct research and development expense by program:

 

 

 

 

 

 

 

 

 

 

 

 

Bempikibart

 

$

2,408

 

 

$

1,807

 

 

$

3,718

 

 

$

4,571

 

ADX-097

 

 

—

 

 

 

914

 

 

 

—

 

 

 

1,483

 

Discovery and other

 

 

12

 

 

 

46

 

 

 

15

 

 

 

89

 

Personnel-related costs (excluding stock-based compensation)

 

 

2,535

 

 

 

2,836

 

 

 

5,227

 

 

 

7,385

 

Other G&A expenses

 

 

2,372

 

 

 

2,156

 

 

 

4,400

 

 

 

4,938

 

Interest income, net

 

 

(246

)

 

 

(284

)

 

 

(438

)

 

 

(655

)

Other segment items (1)

 

 

1,865

 

 

 

2,014

 

 

 

3,633

 

 

 

2,709

 

Total segment net loss

 

$

8,946

 

 

$

9,489

 

 

$

16,555

 

 

$

20,520

 

 

(1) Other segment items are included in order to reconcile to total segment net loss. Other segment items include non-cash items such as depreciation and amortization expense, stock-based compensation expense and the change in fair value of contingent value rights.