v3.26.3
Property, Equipment and Leasehold Improvements
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Equipment and Leasehold Improvements Property, Equipment and Leasehold Improvements
Property, equipment and leasehold improvements consist of the following:
(dollars in millions)September 30,
2026		December 31,
2025
Laboratory equipment$22.0 $21.3 
Leasehold improvements9.1 9.1 
Office equipment3.2 3.0 
Total property, equipment and leasehold improvements34.3 33.4 
Less: accumulated depreciation and amortization(29.7)(28.2)
Property, equipment and leasehold improvements, net$4.6 $5.2 
During the three months ended September 30, 2026 and 2025, the Company recognized depreciation and amortization expense of $0.6 million and $0.8 million, respectively.
During the nine months ended September 30, 2026 and 2025, the Company recognized depreciation and amortization expense of $2.0 million and $2.3 million, respectively.