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Property and Equipment, Net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

(in thousands)

 

2025

 

 

2024

 

Laboratory equipment

 

$

9,840

 

 

$

9,625

 

Manufacturing equipment

 

 

7,082

 

 

 

7,082

 

Computer equipment

 

 

452

 

 

 

446

 

Furniture, fixtures and other

 

 

610

 

 

 

606

 

Construction in progress

 

 

36

 

 

 

36

 

Total

 

 

18,020

 

 

 

17,795

 

Less: Accumulated depreciation

 

 

(12,034

)

 

 

(11,214

)

Property and equipment, net

 

$

5,986

 

 

$

6,581

 

Depreciation expense for the three months ended March 31, 2025 and 2024 was $0.8 million and $0.9 million, respectively.