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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Summary of Significant Expense

The table below summarizes the significant expense categories regularly provided to the CODM for the three and six months ended June 30, 2025 and 2024:

 

 

 

For the Three Months Ended June 30,

 

For the Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

2025

 

 

2024

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Technical operations

 

$

13,642

 

 

$

12,525

 

$

28,949

 

 

$

19,470

 

Development (a)(b)

 

 

8,495

 

 

 

5,891

 

 

18,104

 

 

 

10,621

 

Nomlabofusp support

 

 

1,231

 

 

 

1,266

 

 

2,866

 

 

 

2,530

 

General and administrative (c)(d)

 

 

3,643

 

 

 

4,484

 

 

7,789

 

 

 

8,279

 

Commercial

 

 

781

 

 

 

433

 

 

1,271

 

 

 

433

 

Total operating expenses

 

$

27,792

 

 

$

24,599

 

$

58,979

 

 

$

41,333

 

Other income, net

 

 

(1,610

)

 

 

(2,972

)

 

(3,516

)

 

 

(5,052

)

Net loss

 

$

(26,182

)

 

$

(21,627

)

$

(55,463

)

 

$

(36,281

)

 

(a) Development expenses include research and development related stock compensation expense of approximately $0.9 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively.

(b) Development expenses include research and development related stock compensation expense of approximately $1.8 million and $1.9 million for the six months ended June 30, 2025 and 2024, respectively.

(c) General and administrative expenses include general and administrative related stock compensation expense of approximately $0.9 million and $1.3 million for the three months ended June 30, 2025 and 2024, respectively.

(d) General and administrative expenses include general and administrative related stock compensation expense of approximately $1.8 million and $2.5 million for the six months ended June 30, 2025 and 2024, respectively.