| Operating income The following table summarizes the operating income during the three and nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Research tax credit | 1.6 | | 2.8 | | 3.1 | | 5.0 | | | | | | | | | | | | | | | | | | Total | 1.6 | | 2.8 | | 3.1 | | 5.0 | | | | |
During the nine months ended September 30, 2026, the Company accrued $3.1 million of research tax credit. The tax credit income accrual reflects the expected level on a full year basis of eligible experimental activities, as the Company’s focus continues to shift from clinical development toward commercial readiness activities.
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