v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Total revenue $ 10,906 $ 0
Operating expenses    
Cost of goods sold 1,673 0
Selling, general and administrative 21,104 1,640
Research and development 186 194
Amortization of intangible assets 1,031 0
Total operating expenses 23,994 1,834
Operating loss (13,088) (1,834)
Other (expense) income    
Interest expense (2,353) (134)
Change in fair value of convertible debt (9,632) 0
Total other expense (11,985) (134)
Net loss before provision for income taxes (25,073) (1,968)
Provision for income taxes 0 0
Net loss (25,073) (1,968)
Other comprehensive income:    
Change in fair value of convertible debt due to instrument credit risk 2,188 0
Comprehensive loss $ (22,885) $ (1,968)
Net loss per common share, basic (in dollars per share) $ (7.57) $ (3.21)
Net loss per common share, diluted (in dollars per share) $ (7.57) $ (3.21)
Weighted average number of common shares outstanding, basic (in shares) 3,311,742 612,889
Weighted average number of common shares outstanding, diluted (in shares) 3,311,742 612,889
Net product revenues    
Revenue    
Total revenue $ 10,665 $ 0
License and collaboration revenues    
Revenue    
Total revenue $ 241 $ 0