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Operating Leases
 6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Operating Leases Operating Leases
The Company has commitments under operating leases for office, laboratory, and future manufacturing space located in Malvern, Pennsylvania. The Company's leases have initial terms of approximately seven years and include options to extend the leases for up to 10 years. The options for extension have been excluded from the lease terms (and lease liabilities) as it is not reasonably certain that the Company will exercise such options.
The Company's future minimum base rent payments are approximately as follows (in thousands):
For the years ending December 31,Amount
Remainder of 2023$384 
2024787 
2025810 
2026834 
2027834 
Thereafter978 
Total$4,627 
Less: present value adjustment(793)
Present value of minimum lease payments$3,834