v3.26.1
Note 12 - Segment Information
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

12.

Segment Information

 

Segment reporting is prepared on the same basis that our chief executive officer, who is our Chief Operating Decision Maker, manages the business, makes operating decisions and assesses performance. The Company operates in one segment. The Company’s business is research and development of drug candidates. Costs, including supplies, outsourced development, and other research and development costs are tracked by major program. While internal personnel costs are tracked by program for overall program spending, it is not broken out for management review. Facility and equipment costs are not allocated to programs. Research and development expenses are summarized by program in the table below (in thousands):

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2026

   

2025

   

2026

   

2025

 
                                 

Personnel

  $ 4,682     $ 2,417     $ 9,274     $ 5,187  

General

    1,632       1,709       2,969       3,358  

Tovecimig

    10,314       7,749       15,290       14,426  

CTX-471

    887       1,760       1,745       2,459  

CTX-8371

    1,224       1,044       2,008       1,573  

CTX-10726

    837       1,736       1,682       2,473  

Research and development

    19,576       16,415       32,968       29,476  

Personnel

    4,540       3,102       9,454       6,404  

General

    2,863       1,549       4,856       3,152  

General and administrative

    7,403       4,651       14,310       9,556  

Interest income

    1,825       1,185       3,807       2,518  

Net loss

  $ (25,154 )   $ (19,881 )   $ (43,471 )   $ (36,514 )