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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Operations for Reportable Segment

The following table presents the operations for the reportable segment for the three months ended March 31, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

Research and development - external expenses(1)

 

$

34,498

 

 

$

11,691

 

Research and development - personnel

 

 

9,046

 

 

 

5,624

 

General and administrative - personnel

 

 

2,340

 

 

 

1,496

 

Other general and administrative expenses(2)

 

 

5,906

 

 

 

4,563

 

Depreciation expense

 

 

537

 

 

 

538

 

Stock-based compensation

 

 

5,078

 

 

 

4,660

 

Total operating expense

 

 

57,405

 

 

 

28,572

 

Loss from operations

 

 

(57,405

)

 

 

(28,572

)

Interest and other income, net

 

 

3,049

 

 

 

3,396

 

Consolidated segment net loss

 

$

(54,356

)

 

$

(25,176

)

__________________

(1) Research and development - external expenses include program expenses, other non-program specific expenses and other research expenses.

(2) Other general and administrative expenses include consulting and professional services fees for legal, accounting, tax, and facilities costs.