Leases |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Leases | |
| Leases | (6) Leases In 2025, the Company entered into a lease for office and laboratory space in New Haven, Connecticut, which commenced in July 2026. Upon commencement of the lease, the Company recognized an operating lease right-of-use asset of $3.5 million and a corresponding operating lease liability of $3.4 million during the quarter ended September 30, 2026. In addition, as a result of the lease, the Company’s undiscounted future minimum lease payments under non-cancellable operating leases increased by approximately $4.5 million through 2031. In June 2026, the Company entered into an amendment to its Hampton, New Jersey lease to expand its leased space from approximately 33,400 square feet to approximately 66,000 square feet and extend the lease term by an additional 36 months. As a result of the lease modification, the Company’s operating lease right-of-use asset and operating lease liability increased by $3.5 million during the quarter ended June 30, 2026. The lease modification increased the Company’s undiscounted future minimum lease payments under non-cancellable operating leases by approximately $4.4 million through 2030. In July 2026, the Company entered into an amendment to its Fall River, Massachusetts lease to extend the lease term by an additional 36 months. As a result of the lease modification, the Company’s operating lease right-of-use asset and operating lease liability increased by $2.0 million during the quarter ended September 30, 2026. The lease modification increased the Company’s undiscounted future minimum lease payments under non-cancellable operating leases by approximately $2.5 million through 2030. |