RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2026

RELATED PARTY BALANCES AND TRANSACTIONS

Schedule of related party transactions

The following table summarizes the Group’s major transactions with related parties for the periods presented:


			Six Months Ended June 30,
			2026				2025
Services received from related parties:
AffaMed Therapeutics (HK) Limited		R&D service fee charged for Visara	$	16			$	—

ABio-X Holdings, Inc.		Business development and related services		466				55
C-Bridge Joint Value Creation (HK) Limited		Consulting services		94				—
Total services received from related parties			$	576			$	55

Schedule of related party balances

The following table summarizes the amounts due to related parties for the periods presented:


			As of
			June 30, 2026				December 31, 2025
ABio-X Holdings, Inc.		Accruals and other payables	$	26			$	1,131
C-Bridge Joint Value Creation (HK) Limited		Accruals and other payables		94				—
Total accruals and other payables to related parties			$	120			$	1,131