June 30,

December 31,

2026

2025

(In thousands)

Accrued research and development

$

12,567

$

17,366

Employee compensation and benefits

14,424

23,072

Accrued legal and professional expenses

4,557

2,242

Accrued other

12,786

7,182

Total accrued expenses

$

44,334

$

49,862