v3.26.1
Collaboration Agreements, License Agreement and Revenues (Tables)
6 Months Ended
Jun. 30, 2026
Schedule of Drug Product Revenue

Drug product revenue from commercial-grade active pharmaceutical ingredient (“API”) or bulk drug product sales to Astellas was as follows for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Astellas Japan Agreement

 

$

(2,935

)

 

$

44

 

 

$

(5,126

)

 

$

1,825

 

Astellas Europe Agreement

 

 

1,358

 

 

 

1,171

 

 

 

7,041

 

 

 

1,986

 

Drug product revenue, net

 

$

(1,577

)

 

$

1,215

 

 

$

1,915

 

 

$

3,811

 

 

Drug Product Revenue, Net [Member]  
Roll-forward of Related Contract Liabilities

The following table includes a roll-forward of the above-mentioned deferred revenues that are considered as contract liabilities related to drug product (in thousands):

 

 

 

Balance at
December 31, 2025

 

 

Additions

 

 

Recognized as Revenue

 

 

Reclassified to Accrued Liability / Accounts Payable

 

 

Balance at
June 30, 2026

 

Drug product revenue - deferred revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Astellas Europe Agreement

 

$

(5,569

)

 

$

(6,164

)

 

$

2,862

 

 

$

833

 

 

$

(8,038

)