Related Party Transactions |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 13. Related party transactions In May 2024, the Company entered into the Hengrui License Agreement. As partial consideration for this arrangement, the Company issued shares of Series A-2 convertible preferred stock, which represented 19.9% of the outstanding capital stock of the Company at issuance, on a fully-diluted basis. In addition, as part of the agreement with Hengrui, Hengrui has agreed to provide the Company with manufacturing services and supplies. In connection with these services, the Company recognized $0.6 million and $2.1 million in research and development expenses for the three and nine months ended September 30, 2026, respectively. The Company did not recognize material research and development expenses in connection with these services during the three months ended September 30, 2025. During the nine months ended September 30, 2025, the Company recognized $0.7 million in research and development expenses in connection with these services. Amounts due to Hengrui by the Company in connection with these services totaled $2.2 million and $0.2 million as of September 30, 2026 and December 31, 2025, respectively, which amounts were included in accrued expenses on the consolidated balance sheets. |