Prepaid Expenses and Other Current Assets and Accrued Expenses

9 Months Ended

Sep. 30, 2026

6. Prepaid Expenses and Other Current Assets and Accrued Expenses

Prepaid expenses and other current assets consisted of the following as of September 30, 2026 and December 31, 2025 (in thousands):


	September 30, 2026		December 31, 2025
CRO advances and prepaid clinical trial expenses	$	38,694	$	11,507
Other prepaid expenses and other current assets		4,668		1,712
Total prepaid expenses and other current assets	$	43,362	$	13,219

Accrued expenses consisted of the following as of September 30, 2026 and December 31, 2025 (in thousands):


	September 30, 2026		December 31, 2025
Accrued CRO costs	$	15,331	$	1,324
Accrued research and development costs		1,191		449
Accrued compensation costs		3,330		1,680
Accrued professional and consulting costs		1,849		350
Accrued termination benefits and other accrued costs		709		782
Total accrued expenses	$	22,410	$	4,585