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Segment Data (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Reportable Segment Net Revenues and Loss

The table below provides information about the Company’s segment, including significant expenses, other segment items, certain other segment expenses, and a reconciliation to net income (loss):

		Three Months Ended March 31,
		2025				2024
License and collaboration revenue		$	7,470			$	7,410
Research and development expenses
External research and development expenses*			34,421				25,361
Employee related expenses*			29,242				24,570
General and administrative expenses
External general and administrative expenses*			5,373				5,066
Employee related expenses*			10,441				8,591
Facility and information technology related expenses*			14,383				13,667
Depreciation and amortization			5,528				5,431
Stock-based compensation			26,682				29,281
Interest and other income			(9,864	)			(11,849	)
Income tax expense			—				—
Other segment items			534				5,961
Net income (loss)		$	(109,270	)		$	(98,669	)

* Denotes significant segment expense

Other segment items includes:

•Change in fair value of derivative liabilities

•Change in fair value of non-controlling equity investments

•Change in fair value of contingent consideration liabilities

•Loss from equity method investment

•Milestone expense

•License and sublicenses fees

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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