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Segment information | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment information | 13. Segment information The Company views its operations and manages its business in one operating segment: life science. The table below summarizes the significant expense categories for the life science segment regularly reviewed by the CODM for the three and nine months ended September 30, 2025 and 2024:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three months ended September 30, | ​ | Nine months ended September 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024 | ​
Total revenues | ​ | $ | 211,007 | ​ | $ | 196,786 | ​ | $ | 1,565,978 | ​ | $ | 593,608 | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of product, collaboration and license sales | ​ | ​ | 12,441 | ​ | ​ | 3,468 | ​ | ​ | 28,241 | ​ | ​ | 13,140 | ​
Program spend | ​ | ​ | 45,940 | ​ | ​ | 51,174 | ​ | ​ | 143,803 | ​ | ​ | 152,497 | ​
Employee costs | ​ | ​ | 64,470 | ​ | ​ | 57,801 | ​ | ​ | 197,762 | ​ | ​ | 181,355 | ​
Manufacturing costs | ​ | ​ | 11,048 | ​ | ​ | 14,229 | ​ | ​ | 45,517 | ​ | ​ | 44,635 | ​
Administrative costs | ​ | ​ | 18,614 | ​ | ​ | 18,719 | ​ | ​ | 54,924 | ​ | ​ | 54,213 | ​
Occupancy costs | ​ | ​ | 7,852 | ​ | ​ | 7,855 | ​ | ​ | 21,678 | ​ | ​ | 27,337 | ​
Milestones | ​ | ​ | — | ​ | ​ | 50,000 | ​ | ​ | — | ​ | ​ | 65,000 | ​
Other segment items (a) | ​ | ​ | 34,746 | ​ | ​ | 100,194 | ​ | ​ | 256,444 | ​ | ​ | 352,840 | ​
Segment net income (loss) | ​ | $ | 15,896 | ​ | $ | (106,654) | ​ | $ | 817,609 | ​ | $ | (297,409) | ​
Reconciliation of profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Adjustments and reconciling items | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Consolidated net income (loss) | ​ | $ | 15,896 | ​ | $ | (106,654) | ​ | $ | 817,609 | ​ | $ | (297,409) | ​
​
(a) | Other segment items includes the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three months ended September 30, | ​ | ​ | Nine months ended September 30,
​ | ​ | ​ | 2025 | ​ | 2024 | ​ | ​ | 2025 | ​ | 2024
Interest income | ​ | $ | (19,089) | ​ | $ | (12,821) | ​ | $ | (57,325) | ​ | $ | (34,255)
Interest expense | ​ | ​ | 51,681 | ​ | ​ | 54,430 | ​ | ​ | 154,367 | ​ | ​ | 160,188
Income tax (benefit) expense | ​ | ​ | (38,970) | ​ | ​ | 8,663 | ​ | ​ | 18,093 | ​ | ​ | 28,989
Depreciation | ​ | ​ | 3,569 | ​ | ​ | 3,468 | ​ | ​ | 10,600 | ​ | ​ | 11,489
Amortization | ​ | ​ | 7,534 | ​ | ​ | 3,036 | ​ | ​ | 15,393 | ​ | ​ | 57,431
All other (b) | ​ | ​ | 30,021 | ​ | ​ | 43,418 | ​ | ​ | 115,316 | ​ | ​ | 128,998
Total other segment items | ​ | $ | 34,746 | ​ | $ | 100,194 | ​ | $ | 256,444 | ​ | $ | 352,840
​
(b) | All other includes cost of goods sold, royalty, travel and entertainment, distribution costs, bad debt expense, finance costs, contract labor costs, stock compensation expense, change in the fair value of contingent consideration, and other expense.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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