v3.26.3
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

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NOTE 7  PROPERTY AND EQUIPMENT

Property and equipment consisted of the following amounts (in thousands):

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As of September 30, 

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As of December 31,

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  ​ ​ ​

2026

  ​ ​ ​

2025

Leasehold improvements

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$

9,833

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$

9,646

Laboratory equipment

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4,070

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​

4,070

Computers and software

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296

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296

Furniture and fixtures

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511

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511

Construction in process

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—

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77

Property and equipment, at cost

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14,710

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14,600

Less: accumulated depreciation

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(8,377)

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(6,769)

Property and equipment, net

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$

6,333

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$

7,831

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Depreciation expense was $0.5 million and $1.6 million for the three and nine months ended September 30, 2026 and $0.5 million and $1.6 million for the three and nine months ended September 30, 2025.