v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 are as follows:

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

5,827

 

 

$

 

 

$

 

 

$

5,827

 

Total financial liabilities

 

$

5,827

 

 

$

 

 

$

 

 

$

5,827

 

Summary of Assumptions Utilized in Valuation of Level 3 Liabilities

Assumptions utilized in the valuation of Level 3 liabilities are described as follows:

 

 

As of June 30, 2026

 

Milestone

 

Probability Of Success

 

 

Payment Date

 

Discount Rate

 

1

 

 

100.0

%

 

1/16/2026

 

 

9.54

%

2

 

 

11.7

%

 

6/30/2027

 

 

9.54

%

3

 

 

10.8

%

 

12/31/2028

 

 

9.54

%

4

 

 

10.8

%

 

12/31/2028

 

 

9.54

%

5

 

 

10.8

%

 

12/31/2030

 

 

14.54

%

6

 

 

10.8

%

 

12/31/2031

 

 

14.54

%

7

 

 

10.8

%

 

12/31/2032

 

 

14.54

%

Schedule of Contingent Consideration Measured at Fair Value on Recurring Basis The following table sets forth a summary of the changes in the fair value of Level 3 contingent consideration that are measured at fair value on a recurring basis:

 

 

Three Months Ended June 30, 2026

 

 

Year Ended December 31, 2025

 

Contingent consideration

 

 

 

 

 

 

Beginning balance

 

$

6,799

 

 

$

 

Contingent consideration assumed in the GPCR USA acquisition

 

 

 

 

 

5,246

 

Change in fair value of contingent consideration

 

 

240

 

 

 

1,553

 

Ending balance

 

$

7,039

 

 

$

6,799