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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Expense

The table below summarizes the significant expense categories regularly provided to the CODM for the three months ended March 31, 2025 and 2024:

 

 

For the Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating expenses:

 

 

 

 

 

 

Technical operations

 

$

15,307

 

 

$

6,945

 

Development (a)

 

 

9,609

 

 

 

4,730

 

Nomlabofusp support

 

 

1,636

 

 

 

1,264

 

General and administrative (b)

 

 

4,146

 

 

 

3,795

 

Commercial

 

 

490

 

 

 

 

Total operating expenses

 

$

31,188

 

 

$

16,734

 

Other income, net

 

 

(1,907

)

 

 

(2,080

)

Net loss

 

$

(29,281

)

 

$

(14,654

)

(a) Development expenses include research and development related stock compensation expense of approximately $0.9 million for the three months ended March 31, 2025 and 2024, respectively.

(b) General and administrative expenses include general and administrative related stock compensation expense of approximately $0.9 million and $1.2 million for the three months ended March 31, 2025 and 2024, respectively.