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License Agreements (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Success Payment Liability

The following table summarizes the Company’s success payment liability for Harvard (in thousands):

 

 

December 31,
2024

 

 

December 31,
2023

 

Harvard success payment liability

 

$

3,900

 

 

$

5,200

 

The following table summarizes the Company’s success payment liability for Broad Institute (in thousands):

 

 

December 31,

 

 

 

2024

 

 

2023

 

Broad Institute success payment liability

 

$

4,500

 

 

$

5,600

 

Schedule of Change in Fair Value of Success Payment Liability

The following table summarizes the expense resulting from the change in the fair value of the success payment liability for Harvard (in thousands):

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Change in fair value of Harvard success payment liability

 

$

(1,300

)

 

$

(3,800

)

 

$

(12,000

)

The following table summarizes the expense resulting from the change in the fair value of the success payment liability for Broad Institute (in thousands):

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Change in fair value of Broad Institute success payment liability

 

$

(1,100

)

 

$

(3,700

)

 

$

(11,900

)