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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of significant segment expenses and segment net loss

The following table summarizes our significant segment expenses and segment net loss for the three months ended March 31, 2025 and 2024 (in thousands):

 

For the three months ended March 31,

 

 

2025

 

 

2024

 

Expenses:

 

 

 

 

 

 

Canvuparatide direct program expense

 

$

8,337

 

 

$

3,982

 

MBX 1416 direct program expense

 

 

1,806

 

 

 

2,636

 

Preclinical and other research and development direct expense

 

 

6,985

 

 

 

842

 

Research and development overhead expense

 

 

5,277

 

 

 

3,589

 

Other segment items (1)

 

 

1,475

 

 

 

1,288

 

Net loss

 

$

23,880

 

 

$

12,337

 

 

 

 

 

 

 

 

 

(1) Other segment items are primarily comprised of general and administrative expenses and interest and other income.