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License Agreements (Tables)
9 Months Ended
Sep. 30, 2025
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):

 

 

 

September 30,
2025

 

 

December 31,
2024

 

Harvard success payment liability

 

$

2,900

 

 

$

3,900

 

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

 

 

 

September 30,
2025

 

 

December 31,
2024

 

Broad Institute success payment liability

 

$

3,600

 

 

$

4,500

 

Schedule of Change in Fair Value of Success Payment Liability

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

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Change in fair value of Harvard success payment liability

 

$

1,200

 

 

$

100

 

 

$

(1,000

)

 

$

(1,200

)

 

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

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Change in fair value of Broad Institute success payment liability

 

$

1,400

 

 

$

100

 

 

$

(900

)

 

$

(1,200

)