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Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

15.

Related Party Transactions

 

Research and development with GNI Group

 

Research and development fees paid to GNI Group during the year ended December 31, 2024 were $0.2 million. No research and development fees were paid to GNI Group during the year ended December 31, 2023.

 

As of December 31, 2024 and 2023, the Company had a $0.2 million and $1.4 million related parties payable due to GNI Group, respectively.

 

Other receivables from GNI Group

 

As of December 31, 2024, the Company had recorded $0.2 million in other receivables from GNI Group, of which $0.2 million was from CPI’s restructuring transaction (see Note 8). As of December 31, 2023, the Company had recorded $1.3 million in other receivables from GNI Group, of which $0.8 million was from CPI’s restructuring transaction (see Note 8) and $0.5 million was from Gyre’s cost sharing with GNI Group.