v3.26.1
Debt (Details Narrative)
3 Months Ended 6 Months Ended
Feb. 01, 2027
Jun. 08, 2026
USD ($)
Jun. 03, 2026
USD ($)
Integer
$ / shares
May 01, 2026
USD ($)
shares
Feb. 01, 2026
Sep. 09, 2025
USD ($)
$ / shares
shares
Jul. 30, 2025
USD ($)
Integer
$ / shares
Jul. 28, 2025
USD ($)
$ / shares
May 13, 2025
May 30, 2024
$ / shares
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Aug. 01, 2025
USD ($)
Short-Term Debt [Line Items]                                
Accrue interest payable rate                         12.70% 12.30%    
Convertible Debt, Noncurrent                     $ 753,235,000   $ 753,235,000   $ 195,324,000  
Discount amount                         8,401,000  
Loss on debt extinguishment                     11,477,000 11,477,000    
Interest expense                     3,500,000 3,200,000 7,900,000 6,400,000    
Debt issuance costs and discount amortization                     400,000 $ 300,000 900,000 $ 600,000    
Fair value of note payable                             160,200,000  
Future payments                     $ 0   $ 0      
2031 Notes [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount             $ 50,000,000                  
2032 Notes [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount     $ 50,000,000                          
2032 Note Underwriting Agreement [Member]                                
Short-Term Debt [Line Items]                                
Repayment of debt   $ 137,400,000                            
2032 Note Underwriting Agreement [Member] | June 2026 Convertible Notes Offering [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount   575,000,000 $ 500,000,000                          
Accrue interest payable rate                     0.80%   0.80%      
Conversion rate     8.0302                          
Principal amount     $ 1,000                          
Conversion price | $ / shares     $ 124.53                          
Redemption description     The 2032 Notes will be redeemable, in whole or in part (subject to certain limitations described below), at the Company’s option at any time, and from time to time, on a redemption date on or after August 6, 2029, and on or before the 31st scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the 2032 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of common stock exceeds 130% of the conversion price on (i) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date the Company sends the related redemption notice; and (ii) the trading day immediately before the date the Company sends such notice. However, the Company may not redeem less than all of the outstanding 2032 Notes unless at least $50.0 million aggregate principal amount of the 2032 Notes are outstanding and not called for redemption as of the time the Company sends the related redemption notice. In addition, calling any 2032 Note for redemption will constitute a Make-Whole Fundamental Change with respect to that 2032 Note, in which case the conversion rate applicable to the conversion of that 2032 Note will be increased in certain circumstances if it is converted after it is called for redemption.                          
Percentage of stock price     130.00%                          
Trading days | Integer     20                          
Consecutive trading days | Integer     30                          
Convertible Debt, Noncurrent                     $ 557,400,000   $ 557,400,000      
Fair value of the Notes                     655,600,000   655,600,000      
Discount amount     $ 17,800,000                          
Interest expense                     300,000   300,000      
Amortization of issuance costs                     $ 200,000   $ 200,000      
2032 Note Underwriting Agreement [Member] | June 2026 Convertible Notes Offering [Member] | Forecast [Member]                                
Short-Term Debt [Line Items]                                
Accrue interest payable rate 0.25%                              
2032 Note Underwriting Agreement [Member] | June 2026 Convertible Notes Offering [Member] | Over-Allotment Option [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount     75,000,000                          
Net proceeds from offering     $ 557,200,000                          
2031 Note Underwriting Agreement [Member] | July 2025 Convertible Notes Offering [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount             $ 175,000,000                 $ 201,300,000
Accrue interest payable rate         2.75%           3.30%   3.30%      
Conversion rate             19.4932                  
Principal amount             $ 1,000                  
Conversion price | $ / shares             $ 51.3                  
Redemption description             The 2031 Notes will be redeemable, in whole or in part (subject to certain limitations described below), at the Company’s option at any time, and from time to time, on a redemption date on or after August 6, 2029, and on or before the 51st scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the 2031 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of the common stock exceeds 130% of the conversion price on (i) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date the Company sends the related redemption notice; and (ii) the trading day immediately before the date the Company sends such notice. However, the Company may not redeem less than all of the outstanding 2031 Notes unless at least $50.0 million aggregate principal amount of the 2031 Notes are outstanding and not called for redemption as of the time the Company sends the related redemption notice. In addition, calling any 2031 Note for redemption will constitute a Make-Whole Fundamental Change with respect to that 2031 Note, in which case the conversion rate applicable to the conversion of that 2031 Note will be increased in certain circumstances if it is converted after it is called for redemption.                  
Trading days | Integer             20                  
Consecutive trading days | Integer             30                  
First Amendment description             beneficially own in excess of 4.99% of the number of shares of the Company’s common stock outstanding immediately prior to, and immediately after giving effect to, the conversion of all or any portion of the 2031 Notes; provided, that such 4.99% beneficial ownership can be increased or decreased at the discretion of the noteholder; provided further, that such limitation in no event can exceed 19.99%.                  
Convertible Debt, Noncurrent                     $ 195,800,000   $ 195,800,000   195,300,000  
Fair value of the Notes                     422,200,000   422,200,000   $ 436,500,000  
Discount amount             $ 6,400,000                  
Interest expense                     1,600,000   3,300,000      
Discount amount                     $ 200,000   $ 500,000      
2031 Note Underwriting Agreement [Member] | July 2025 Convertible Notes Offering [Member] | Over-Allotment Option [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount             26,300,000                  
Net proceeds from offering             $ 194,900,000                  
Third Amendment to Amended and Restated Loan and Security Agreement [Member] | Term D Loan [Member]                                
Short-Term Debt [Line Items]                                
Debt Instrument, Fee Amount           $ 2,800,000                    
Third Amendment to Amended and Restated Loan and Security Agreement [Member] | Term D Loan [Member] | Measurement Input, Risk Free Interest Rate [Member]                                
Short-Term Debt [Line Items]                                
Warrants measurement inputs           4.1                    
Third Amendment to Amended and Restated Loan and Security Agreement [Member] | Term D Loan [Member] | Measurement Input, Price Volatility [Member]                                
Short-Term Debt [Line Items]                                
Warrants measurement inputs           74.4                    
Third Amendment to Amended and Restated Loan and Security Agreement [Member] | Term D Loan [Member] | Measurement Input, Expected Term [Member]                                
Short-Term Debt [Line Items]                                
Warrant expected life           10 years                    
Third Amendment to Amended and Restated Loan and Security Agreement [Member] | Term D Loan [Member] | Measurement Input, Expected Dividend Rate [Member]                                
Short-Term Debt [Line Items]                                
Warrants measurement inputs           0                    
Second Amendment To Amended And Restated Loan And Security Agreement [Member]                                
Short-Term Debt [Line Items]                                
Debt instrument principal amount               $ 180,000,000                
Converted shares | shares       343,802                        
Principal amount       $ 3,438,029                        
Amendment fee payable               $ 100,000                
Maturity date               May 09, 2026                
Conversion percentage               20.00%                
Common stock price per share | $ / shares               $ 10                
Amount of indebtedness eligible to incur under Term D Loan               $ 30,000,000                
Loan Agreement [Member]                                
Short-Term Debt [Line Items]                                
First Amendment description                 (i) pay Oxford an amendment fee of less than $0.1 million on the effective date of the First Amendment, (ii) extend to March 9, 2026 the expiration date of Innovatus’ right to convert up to 20% of the outstanding principal of the Term A Loan into shares of the Company’s common stock at a price per share of $10.00, (iii) extend the expiration date of the Term D Draw Period to the earlier of (x) August 31, 2025 and (y) the occurrence of an Event of Default (as defined in the A&R Loan Agreement), (iv) update the liquidity covenant to increase the Minimum Liquidity Percentage (as defined in the First Amendment) to 50% if the Company had failed to achieve the Term D Milestone prior to June 1, 2025, and to decrease the Minimum Liquidity Percentage back to 30% if the Company had subsequently achieved the Term D Milestone prior to the end of the Term D Draw Period, and (v) release Innovatus and the Lenders from any and all claims arising out of or related to the A&R Loan Agreement, the First Amendment and related documentation.              
Amended and Restated Loan Agreement [Member]                                
Short-Term Debt [Line Items]                                
Discount amount   7,300,000                            
Loss on debt extinguishment   $ 11,500,000                            
Debt instrument interest rate description                   the Company was entitled to make interest-only payments for thirty-six months, or up to forty-eight months if certain conditions had been met. The Term Loans bore interest at a rate equal to the sum of (a) the greater of (i) the Prime Rate (as defined in the A&R Loan Agreement) or (ii) 7.75%, plus (b) 2.85%, provided that 1.0% of such interest was payable in-kind by adding an amount equal to such 1.0% of the outstanding principal amount to the then outstanding principal balance on a monthly basis through May 31, 2027.            
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member]                                
Short-Term Debt [Line Items]                                
Disbursement loan amount           $ 1,400,000                    
Contingent loan           120,000,000                    
Amendment fee payable           $ 100,000                    
Final fee percentage                   4.50%            
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Warrant [Member]                                
Short-Term Debt [Line Items]                                
Warrants exercise price per share | $ / shares           $ 14.84                    
Warrants issued | shares           50,537                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term D Loan [Member]                                
Short-Term Debt [Line Items]                                
Disbursement loan amount           $ 30,000,000                    
Net proceeds from loan           $ 27,700,000                    
Debt final fee percentage           4.50%                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term E Loan [Member]                                
Short-Term Debt [Line Items]                                
Contingent loan           $ 50,000,000                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term E Two Loan [Member]                                
Short-Term Debt [Line Items]                                
Contingent loan           100,000,000                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term F Loan [Member]                                
Short-Term Debt [Line Items]                                
Contingent loan           40,000,000                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term F Two Loan [Member]                                
Short-Term Debt [Line Items]                                
Contingent loan           45,000,000                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term G Loan [Member]                                
Short-Term Debt [Line Items]                                
Contingent loan           $ 150,000,000                    
Amended and Restated Loan Agreement [Member] | Innovatus Life Sciences [Member] | Term A Loan [Member]                                
Short-Term Debt [Line Items]                                
Conversion percentage                   20.00%            
Common stock price per share | $ / shares                   $ 10