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Segment (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Summary of Reconciles Reported Revenues to Net (Loss) Income under Significant Expense Principle

The following table reconciles reported revenues to net (loss) income under the significant expense principle for the three months ended March 31, 2026 and 2025 (in thousands):

		For the Three Months Ended March 31,
		2026				2025
Collaboration Revenue		$	20,000			$	—
Research and Development Expenses:
RAP-219 program external expenses			15,821				7,963
Preclinical programs external expenses			4,289				3,246
R&D personnel-related costs (including stock-based    compensation)			10,640				6,786
Other costs			1,966				1,577
Selling, General and Administrative Expenses:
G&A personnel-related costs (including stock-based    compensation)			6,983				4,959
Professional and consulting costs			3,672				1,664
Facility related and other			844				913
Loss from operations		$	(24,215	)		$	(27,108	)
Interest income			4,358				3,045
Net loss		$	(19,857	)		$	(24,063	)

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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