v3.26.1
Collaboration and license agreements (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of deferred revenue amounts allocated to performance obligations

The following table summarizes the deferred revenue amounts allocated to the Roche Agreement performance obligations (in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Roche Agreement performance obligations

 

 

 

 

 

 

Research and development of initial targets

 

$

7,180

 

 

$

14,140

 

Research and development for replacement targets

 

 

7,999

 

 

 

8,517

 

Total Roche Agreement deferred revenue

 

$

15,179

 

 

$

22,657

 

Schedule of Transaction Price Allocated To Performance Obligations

The following table summarizes the unearned amount of the 2025 Novartis Agreement transaction price allocated to the performance obligations (in thousands):

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

2025 Novartis Agreement performance obligations

 

 

 

 

 

 

License and research services for named immunology target

 

$

6,558

 

 

$

7,019

 

Research services to support immunology license options

 

 

80,458

 

 

 

85,698

 

Material right - first immunology license option

 

 

49,091

 

 

 

49,091

 

Material right - second immunology license option

 

 

36,439

 

 

 

36,439

 

Total unearned amount of transaction price

 

$

172,546

 

 

$

178,247