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Leases | 3 Months Ended
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Mar. 31, 2026
Leases |
Leases | 10. Leases The Company has commitments under operating leases for laboratory, warehouse, clinical trial sites and office space. The Company also has finance leases for manufacturing space and office equipment. The Company’s leases have initial lease terms ranging from 1.5 years to 191 years. Certain lease agreements contain provisions for future rent increases. Payments due under the lease contracts include fixed payments. Total rent expense under these leases was $1.2 million and $1.3 million for the three-month periods ended March 31, 2026 and 2025, respectively. There were no new leases recognized during the three-month periods ended March 31, 2026 and 2025. During the three months ended March 31, 2025, the Company determined that it was reasonably certain to exercise its early termination option on an operating lease for laboratory and office space, resulting in a remeasurement of the ROU asset and lease liability reflected in the accompanying condensed consolidated balance sheets. The components of lease cost for the three-month periods ended March 31, 2026 and 2025 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three-Month Periods Ended March 31,
​ | ​ | 2026 | ​ | 2025
Finance lease cost | ​ ​ ​ | ​ | ​ |  | ​ | ​
Amortization of right-of-use assets | ​ | $ | 308 | ​ | $ | 138
Interest on lease liabilities | ​ |  | 5 | ​ |  | —
Total finance lease cost | ​ |  | 313 | ​ |  | 138
Operating lease cost | ​ |  | 1,169 | ​ |  | 1,284
Short-term lease cost | ​ |  | 130 | ​ |  | 95
Total lease cost | ​ | $ | 1,612 | ​ | $ | 1,517
​ Amounts reported in the condensed consolidated balance sheets for leases where the Company is the lessee as of March 31, 2026 and December 31, 2025 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ |  | December 31, | ​
​ | ​ | 2026 | ​ |  | 2025 | ​
Operating leases | ​ ​ ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets | ​ | $ | 12,124 | ​ | ​ | $ | 12,852 | ​
Capitalized lease obligations | ​ | $ | 12,832 | ​ | ​ | $ | 14,202 | ​
Finance leases | ​ |  | ​ | ​ | ​ |  | ​ | ​
Right-of-use assets | ​ | $ | 22,831 | ​ | ​ | $ | 23,616 | ​
Capitalized lease obligations | ​ | $ | 136 | ​ | ​ | $ | 147 | ​
Weighted-average remaining lease term | ​ |  | ​ | ​ | ​ |  | ​ | ​
Operating leases | ​ |  | 6.2 | years | ​ |  | 6.4 | years
Finance leases | ​ |  | 172.7 | years | ​ |  | 172.9 | years
Weighted-average discount rate | ​ |  | ​ | ​ | ​ |  | ​ | ​
Operating leases | ​ |  | 11.2 | % | ​ |  | 11.2 | %
Finance leases | ​ |  | 13.0 | % | ​ |  | 13.0 | %
​ Other information related to leases for the three-month periods ended March 31, 2026 and 2025 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​
​ | Three-Month Periods Ended March 31,
​ | 2026 | ​ | 2025
Cash paid for amounts included in the measurement of lease liabilities |  | ​ | ​ ​ ​ |  | ​
Operating cash flows from operating leases | $ | 1,740 | ​ | $ | 1,201
Financing cash flows from finance leases | $ | 14 | ​ | $ | —
​ Future minimum lease payments under non-cancellable leases as of March 31, 2026 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Operating Leases | ​ ​ ​ | Finance Leases
2026 | ​ | $ | 2,709 | ​ | $ | 42
2027 | ​ |  | 3,794 | ​ |  | 56
2028 | ​ |  | 3,451 | ​ |  | 56
2029 | ​ |  | 2,383 | ​ |  | 14
2030 | ​ | ​ | 1,850 | ​ | ​ | —
Thereafter | ​ |  | 4,201 | ​ |  | —
Total undiscounted lease payments | ​ | $ | 18,388 | ​ | $ | 168
Less: Imputed interest | ​ |  | (5,556) | ​ |  | (32)
Total lease liabilities | ​ | $ | 12,832 | ​ | $ | 136
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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