Accrued expenses consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Payroll and employee-related costs |
|
$ |
11,432 |
|
|
$ |
12,966 |
|
Research costs |
|
|
12,836 |
|
|
|
16,247 |
|
Acquired in-process research and development costs |
|
|
12,500 |
|
|
|
— |
|
Collaboration costs |
|
|
39,493 |
|
|
|
53,567 |
|
Licensing fees |
|
|
1,014 |
|
|
|
874 |
|
Professional fees |
|
|
3,316 |
|
|
|
3,749 |
|
Intellectual property costs |
|
|
903 |
|
|
|
1,382 |
|
Other |
|
|
524 |
|
|
|
622 |
|
Total |
|
$ |
82,018 |
|
|
$ |
89,407 |
|
|