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Revenue
 9 Months Ended
Sep. 30, 2025
Revenue  
Revenue

(12)  Revenue

Contract and Grants Revenue

The Company has entered into agreements with Rockefeller University (“Rockefeller”) pursuant to which the Company performs manufacturing and research and development services on a time-and-materials basis or at a negotiated fixed-price. The Company recognized $0.0 million and $1.4 million in revenue under the agreements with Rockefeller during the three and nine months ended September 30, 2025, respectively, and $3.2 million and $5.8 million during the three and nine months ended September 30, 2024, respectively.

Contract Assets and Liabilities

At September 30, 2025 and December 31, 2024, the Company’s right to consideration under all contracts was considered unconditional, and as such, there were no recorded contract assets. At September 30, 2025 and December 31, 2024, the Company had no material contract liabilities recorded.