Workforce Reduction and Restructuring |
6 Months Ended |
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Jun. 30, 2026 | |
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| Workforce Reduction and Restructuring | 11. Workforce Reductions and Restructuring In January 2025, following an analysis of its strategy and core business needs, and in an effort to streamline focus and support the continued development of the Company’s pipeline, the Company commenced a reduction in the Company’s workforce of approximately 50%, primarily consisting of field-based sales employees. The reduction in workforce was substantially completed during the first quarter of 2025. In connection with workforce reduction, the Company incurred restructuring expenses, primarily comprised of severance, benefits, and related costs. During the three months ended June 30, 2026, the Company did not incur any restructuring expenses. During the six months ended June 30, 2026, the Company incurred an insignificant amount of restructuring expenses. During the three and six months ended June 30, 2025, the Company reduced restructuring expenses by $0.3 million and incurred $18.0 million of restructuring expenses, respectively.
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