Prepaid Expenses and Other Current Assets and Accrued Expenses

6 Months Ended

Jun. 30, 2026

6. Prepaid Expenses and Other Current Assets and Accrued Expenses

Prepaid expenses consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):


	June 30, 2026		December 31, 2025
CRO advances	$	22,774	$	10,757
Prepaid research and development		2,249		541
Prepaid clinical trial expenses		1,014		750
Prepaid insurance		460		693
Other prepaid expenses and other current assets		1,014		478
Total prepaid expenses and other current assets	$	27,511	$	13,219

Accrued expenses consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):


	June 30, 2026		December 31, 2025
Accrued CRO costs	$	13,511	$	1,324
Accrued research and development costs		1,898		449
Accrued compensation costs		2,005		1,680
Accrued professional and consulting costs		856		350
Accrued termination benefits		798		515
Other accrued costs		161		267
Total accrued expenses	$	19,229	$	4,585