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Segment Reporting (Tables)
12 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

The following table summarizes significant segment expenses, other segment items and the measure of segment net loss of the Company's reportable segment for the years ended October 31, 2025 and 2024:

Year Ended October 31,

 

2025

 

 

2024

 

Research and development expenses:

 

 

 

 

 

Chemistry, Manufacturing and Controls(1)

$

49,578

 

 

$

11,994

 

Clinical operations(2)

 

17,915

 

 

 

11,036

 

Other research and development expenses(3)

 

7,052

 

 

 

4,598

 

Personnel-related expenses, excluding stock-based compensation

 

16,653

 

 

 

8,893

 

Stock based compensation

 

3,282

 

 

 

1,794

 

       Total research and development expenses

$

94,480

 

 

$

38,315

 

General and administrative expenses:

 

 

 

 

 

Personnel-related expenses, excluding stock-based compensation

 

10,850

 

 

 

8,501

 

Stock based compensation

 

6,364

 

 

 

3,530

 

Other general and administrative expenses(4)

 

11,471

 

 

 

11,951

 

  Total general and administrative expenses

 

28,685

 

 

 

23,982

 

Other segment items(5)

 

(5,863

)

 

 

(7,155

)

Net loss

$

117,302

 

 

$

55,142

 

(1) External expenses associated with clinical manufacturing of the Company's lead compound, detalimogene.

(2) External and internal expenses associated with clinical operations related to research and development of the Company's lead compound, detalimogene.

(3) Represents research and development expenses associated with preclinical, medical affairs, regulatory, quality, program management and facility related costs.

(4) Represents general and administrative costs associated with external legal fees, facilities, professional fees, and other overhead costs.

(5) For the year ended October 31, 2025, other segment items consist of $9.4 million of interest income, $3.0 of interest expense, and $0.6 million of other expense, net. For the year ended October 31, 2024, other segment items consists of $10.4 million of interest income, $2.8 million of interest expense, $0.4 million gain on extinguishment of debt, and $0.1 million other expense, net. Interest income consists of interest income earned on cash equivalents and marketable securities. Interest expense consists of interest expense on our term loan. Other (income) expense, net primarily consists of realized and unrealized gains and losses.