v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Significant segment expenses, as provided to the CODM, are presented below:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)(in thousands)
Segment research and development expense (a)$64,189 $81,401 $135,933 $152,439 
Segment selling, general and administrative expense (a)45,262 14,483 76,317 27,047 
Share-based compensation expense (see Note 11)16,984 10,844 30,374 21,064 
Total operating expenses, excluding depreciation expense126,435 106,728 242,624 200,550 
License revenue180 — 186 — 
Other items (b)504 (5,993)(10,790)(12,903)
Consolidated net loss$127,119 $100,735 $232,020 $187,647 
(a) Share-based payment expense of $7,336 and $5,173 related to research and development and $9,648 and $5,671 related to selling, general and administrative have been excluded for the three months ended June 30, 2026 and 2025, respectively, and included within share-based compensation expense. Share-based payment expense of $13,170 and $10,921 related to research and development and $17,204 and $10,143 related to selling, general and administrative have been excluded for the six months ended June 30, 2026 and 2025, respectively, and included within share-based compensation expense.
(b) Other items consist primarily of collaboration revenue, interest income, interest expense and depreciation expense.