Acquisition (Tables)

9 Months Ended

Sep. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Total Purchase consideration

As of May 11, 2026, the total purchase consideration for Kezar was as follows (in thousands):


Cash consideration paid at closing	$	51,599
CVR consideration payable	3,700
Transaction costs	189
Total purchase consideration	$	55,488

Schedule of Assets Acquired and Liabilities Assumed

The following table shows the allocation of the purchase consideration based on the relative fair values of assets acquired and liabilities assumed by the Company on May 11, 2026 (in thousands):


Cash and cash equivalents	$	56,811
Deferred tax assets	23,128
Interest receivable	55
Deferred tax benefits	(23,128)
Accounts payable and accrued expenses	(1,827)
Net assets acquired	55,039
Reconciliation of net assets acquired to total purchase consideration
Acquired in-process research and development	449
Total purchase consideration	$	55,488