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Property and equipment, net
12 Months Ended
Dec. 31, 2024
Property and equipment, net  
Property and equipment, net

4. Property and equipment, net

Property and equipment, net consisted of the following (in thousands):

December 31, 

December 31,

    

2024

    

2023

Laboratory equipment

$

14,658

$

15,554

Leasehold improvements

 

10,903

 

11,000

Finance lease right-of-use assets

1,033

Computer equipment and software

 

581

 

532

Furniture and office equipment

 

1,290

 

822

 

28,465

 

27,908

Less: Accumulated depreciation and amortization

 

(18,949)

 

(13,393)

$

9,516

$

14,515

Depreciation and amortization expense was $7.2 million, $6.5 million and $3.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. Depreciation and amortization expense for the years ended December 31, 2024, 2023 and 2022 included amortization expense of $0.1 million, zero and zero, respectively, related to property and equipment obtained under finance leases.