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 which are regularly reported to the CODM for purposes of making decisions regarding the allocation of resources are included within the table below and are reconciled to net (loss) income (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Total Revenue

 

$

—

 

 

$

—

 

 

$

—

 

 

$

7,145

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

ADC assets - research and development expenses

 

 

9,101

 

 

 

43,454

 

 

 

21,138

 

 

 

43,454

 

ADC assets - contract manufacturing

 

 

3,792

 

 

 

5,402

 

 

 

8,980

 

 

 

8,877

 

FYARRO - research and development expenses

 

 

—

 

 

 

(47

)

 

 

7

 

 

 

5,266

 

FYARRO - commercial and marketing expenses

 

 

—

 

 

 

(14

)

 

 

—

 

 

 

280

 

Finance and accounting expenses (1)

 

 

1,697

 

 

 

2,033

 

 

 

3,775

 

 

 

5,249

 

Legal expenses

 

 

1,230

 

 

 

984

 

 

 

2,282

 

 

 

3,571

 

Other segment items (2)

 

 

820

 

 

 

803

 

 

 

2,652

 

 

 

(79,953

)

Net (loss) income

 

$

(16,640

)

 

$

(52,615

)

 

$

(38,834

)

 

$

20,401

 

 

(1)
Finance and accounting expenses primarily include shared-based compensation, insurance, salaries and wages, and other outside consulting services.
(2)
Other segment items primarily include other SGA departmental expenses, cost of sales, other income, and gain on sale of business.