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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses and other current liabilities as of December 31, 2025 and 2024 consisted of the following (in thousands):
DECEMBER 31,
20252024
Accrued external R&D costs$2,662 $5,139 
Accrued external manufacturing costs429 4,308 
Accrued compensation and benefits5,870 10,130 
Accrued excise tax3,377 — 
Accrued legal and consultants3,484 877 
Other217 416 
Total accrued expenses and other current liabilities$16,039 $20,870