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Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following as of March 31, 2025:

 

 

 

Gross value

 

 

Accumulated
amortization

 

 

Net book
value

 

 

Weighted-
average
remaining
useful life

 

 

 

(in thousands)

 

 

(in years)

 

In-process research and development — RAS Programs

 

$

55,800

 

 

$

—

 

 

$

55,800

 

 

n/a

 

Developed technology — tri-complex platform

 

 

7,480

 

 

 

(6,877

)

 

 

603

 

 

 

0.6

 

Total

 

$

63,280

 

 

$

(6,877

)

 

$

56,403

 

 

 

 

Intangible assets, net consisted of the following as of December 31, 2024:

 

 

 

Gross value

 

 

Accumulated
amortization

 

 

Net book
value

 

 

Weighted-
average
remaining
useful life

 

 

 

(in thousands)

 

 

(in years)

 

In-process research and development — RAS Programs

 

$

55,800

 

 

$

—

 

 

$

55,800

 

 

n/a

 

Developed technology — tri-complex platform

 

 

7,480

 

 

 

(6,610

)

 

 

870

 

 

 

0.9

 

Total

 

$

63,280

 

 

$

(6,610

)

 

$

56,670

 

 

 

 
Schedule of Future Amortization Expense

As of March 31, 2025, future amortization expense was as follows:

 

 

 

Amount

 

 

 

(in thousands)

 

2025 (remaining seven months)

 

$

603

 

Total

 

$

603

 

 

 

 

 
Schedule of Goodwill

The following summarizes the change in the carrying value of goodwill for the three months ended March 31, 2025:

 

 

 

Amount

 

 

 

(in thousands)

 

Balance at December 31, 2024

 

$

14,608

 

Adjustment

 

 

—

 

Balance at March 31, 2025

 

$

14,608