The following table presents the Company's segment significant expenses regularly reviewed by the CODM and net loss for the three and nine months ended September 30, 2026: | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | (in thousands) | 2026 | | 2026 | | | | Operating expenses: | | | | | | | Research and development: | | | | | | | Clinical and external research and development costs | $ | 4,339 | | | $ | 9,444 | | | | | Personnel related | 838 | | | 1,890 | | | | | Other | 100 | | | 127 | | | | | General and administrative costs | | | | | | | Personnel related | 1,452 | | | 2,793 | | | | | Professional fees | 1,547 | | | 3,397 | | | | | Other* | 2,467 | | | 2,649 | | | | | Total operating expenses | 10,743 | | | 20,300 | | | | | Operating loss | (10,743) | | | (20,300) | | | | | Other income/(expenses): | | | | | | | Interest income | 925 | | | 1,225 | | | | | Other income, net | 94 | | | 94 | | | | | Total other income, net | 1,019 | | | 1,319 | | | | | Net loss | $ | (9,724) | | | $ | (18,981) | | | |
*Includes Merger-related expenses
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