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v3.25.3

Segment Information | 9 Months Ended
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Sep. 30, 2025
Segment Information |
Segment Information | (3) Segment Information The Company is managed as a single operating and reportable segment that operates in the business of development, manufacturing and commercialization of novel therapeutics for human health care. Our chief operating decision maker (“CODM”), the Chief Executive Officer, evaluates performance based on consolidated net loss. Other than general and administrative expenses as presented on the consolidated statement of operations, research and development expense disaggregated by program and by nature are considered to be the Company’s significant segment expenses. These results are used, in part, by our CODM in evaluating the performance of the Company by comparing budget to actual results, and to allocate resources. All revenue is derived in and long-lived assets are located in the United States. The CODM does not receive asset information other than what is presented on the consolidated balance sheets. The following table is a summary of the Company’s research and development expenses disaggregated by program. The amounts disclosed reflect direct research and development costs and an allocation of indirect research and development costs to each program. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Three Months Ended | ​ | Nine Months Ended | ​ | Nine Months Ended
​ |  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
​ | ​ | (In thousands)
Barzolvolimab/Anti-KIT Program | ​ | $ | 51,619 | ​ | $ | 34,393 | ​ | $ | 133,967 | ​ | $ | 88,643
CDX-622 | ​ |  | 5,617 | ​ |  | 3,628 | ​ |  | 14,906 | ​ |  | 10,175
Other Programs (a) | ​ |  | 5,695 | ​ |  | 7,242 | ​ |  | 20,868 | ​ |  | 17,793
Total R&D Expense | ​ | $ | 62,931 | ​ | $ | 45,263 | ​ | $ | 169,741 | ​ | $ | 116,611
​
| (a) | Other program expenses primarily include research and development expenses related to early-stage programs, revenue-generating programs and discontinued programs.
The following table is a summary of the Company’s research and development expenses disaggregated by nature. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Three Months Ended | ​ | Nine Months Ended | ​ | Nine Months Ended
​ |  | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
​ |  | (In thousands)
Personnel | ​ | $ | 14,455 | ​ | $ | 13,855 | ​ | $ | 42,184 | ​ | $ | 37,176
Laboratory supplies | ​ |  | 1,057 | ​ |  | 1,074 | ​ |  | 4,769 | ​ |  | 3,997
Facility | ​ |  | 1,410 | ​ |  | 1,263 | ​ |  | 4,214 | ​ |  | 3,799
Product development (b) | ​ |  | 42,371 | ​ |  | 26,539 | ​ |  | 108,073 | ​ |  | 64,732
Other expenses (c) | ​ |  | 3,638 | ​ |  | 2,532 | ​ |  | 10,501 | ​ |  | 6,907
Total R&D expense | ​ | $ | 62,931 | ​ | $ | 45,263 | ​ | $ | 169,741 | ​ | $ | 116,611
​
| (b) | Product development expenses include clinical investigator site fees, external trial monitoring costs, data accumulation costs, contracted research and outside clinical drug product manufacturing.
| (c) | Other expenses primarily include research and development consulting, insurance, licensing and software expenses.

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- Definition The entire disclosure for reporting segments including data and tables. 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