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Significant Accounting Policies (Tables)

3 Months Ended

10 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Dec. 31, 2021

Schedule of calculation of basic and diluted net income (loss) per ordinary share

The following table sets forth the calculation of basic and diluted earnings per share for the periods indicated based on the weighted average number of common shares outstanding:

		Three Months Ended March 31,
		2022				2021
Numerator
Net loss available to Class A Unit holders		$	(67,486	)		$	(11,609	)
Denominator
Weighted average Class A Units outstanding, basic and diluted			186,500,000				122,111,111
Net loss per Class A Unit
Net loss per Class A Unit, basic and diluted		$	(0.36	)		$	(0.10	)

The following table sets forth the calculation of basic and diluted earnings per share for the periods indicated based on the weighted average number of common shares outstanding:

		Years Ended December 31,
		2021				2020
Numerator
Net loss available to Class A Unit holders		$	(55,146	)		$	(26,749	)
Denominator
Weighted average Class A Units outstanding, basic and diluted			150,706,849				104,986,301
Net loss per Class A Unit
Net loss per Class A Unit, basic and diluted		$	(0.37	)		$	(0.25	)

Schedule of accrued expenses

Accrued expenses as presented in the Condensed Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021 consisted of the following (in thousands):

		March 31, 2022				December 31, 2021
Compensation		$	818			$	1,832
Clinical study related costs			653				2,031
Accrued legal			3,095				964
Manufacturing improvement costs			3,137				4,164
Other accrued expenses			414				222
Total accrued expenses and other		$	8,117			$	9,213

Accrued expenses which have been presented on the consolidated balance sheets as of December 31, 2021 and 2020 consisted of the following (in thousands):

		December 31, 2021				December 31, 2020
Compensation		$	1,832			$	1,085
Clinical study related costs			2,031				1,154
Facility expansion costs			19				1,709
Accrued legal			964				—
Manufacturing improvement costs			4,164				—
Other accrued expenses			203				548
Total accrued expenses and other		$	9,213			$	4,496

Schedule of estimated useful lives

The estimated useful lives are as follows:

Computer equipment and software		3-5 years
Furniture and equipment		5-7 years
Leasehold improvements		remainder of lease term

The estimated useful lives are as follows:

Computer equipment and software		3-5 years
Furniture and equipment		5-7 years
Leasehold improvements		remainder of lease term

Schedule of fixed assets

Fixed assets consisted of the following (in thousands):

		March 31, 2022				December 31, 2021
Furniture and equipment		$	2,220			$	2,180
Computer equipment and software			589				569
Leasehold improvements			10,520				10,517
Construction in progress			631				351
Less: accumulated depreciation			(2,857	)			(2,259	)
Total fixed assets, net		$	11,103			$	11,358

Fixed assets consisted of the following (in thousands):

		December 31, 2021				December 31, 2020
Furniture and equipment		$	2,180			$	2,011
Computer equipment and software			569				130
Leasehold improvements			10,517				76
Construction in progress			351				7,854
Less: accumulated depreciation			(2,259	)			(1,157	)
Total fixed assets, net		$	11,358			$	8,914

Schedule of intangible asset

The following table summarizes information related to the Company’s assembled workforce intangible asset (in thousands):

		March 31, 2022				December 31, 2021
Gross carrying amount		$	1,073			$	1,073
Accumulated amortization			699				645
Net carrying amount		$	374			$	428

The following table summarizes information related to the Company’s assembled workforce intangible asset (in thousands):

		December 31, 2021				December 31, 2020
Gross carrying amount		$	1,073			$	1,073
Accumulated amortization			645				431
Net carrying amount		$	428			$	642

Social Capital Suvretta Holdings Corp. III [Member]

Schedule of calculation of basic and diluted net income (loss) per ordinary share

At March 31, 2022 and December 31, 2021, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds		$	250,000,000
Less:
Class A ordinary shares issuance costs			(12,479,666	)
Plus:
Accretion of carrying value to redemption value			12,487,990
Class A ordinary shares subject to possible redemption, December 31, 2021			250,008,324
Plus:
Remeasurement of carrying value to redemption value			(8,324	)
Class A ordinary shares subject to possible redemption, March 31, 2022		$	250,000,000

At December 31, 2021, the Class A ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:

 

Gross proceeds		$	250,000,000
Less:
Class A ordinary shares issuance costs			(12,479,666	)
Plus:
Increase of carrying value to redemption value			12,487,990
Class A ordinary shares subject to possible redemption		$	250,008,324

Schedule of Class A Ordinary shares reflected in the Balance Sheets

The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):

		For the Three Months Ended March 31, 2022								For the Period from February 25, 2021 (Inception) Through March 31, 2021
		Class A				Class B				Class A				Class B
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss		$	(3,200,799	)		$	(780,226	)		$	—			$	(5,182	)
Denominator:
Basic and diluted weighted average shares outstanding			25,640,000				6,250,000				—				5,500,000
Basic and diluted net loss per ordinary share		$	(0.12	)		$	(0.12	)		$	—			$	(0.00	)

The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):

		For the Period from February 25, 2021 (Inception) Through December 31, 2021
		Class A				Class B
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss		$	(1,675,346	)		$	(649,283	)
Denominator:
Basic and diluted weighted average shares outstanding			15,101,877				5,852,751
Basic and diluted net loss per ordinary share		$	(0.11	)		$	(0.11	)

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