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Segment Information (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2025 and 2024 (in thousands):

		For the three months ended September 30,								For the nine months ended September 30,
		2025				2024				2025				2024
Expenses:
Canvuparatide direct program expense		$	10,130			$	5,957			$	27,390			$	14,920
MBX 4291 direct program expense			2,669				5,514				10,991				7,659
Imapextide direct program expense			618				2,066				3,411				9,810
Preclinical and other research and development direct expense			1,466				194				4,316				769
Research and development overhead expense			4,387				3,016				13,292				9,034
Other segment items (1)			2,348				1,395				5,509				4,144
Net loss		$	21,618			$	18,142			$	64,909			$	46,336

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

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- 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.

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