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Segments (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of the Segment Profit or Loss, Including Significant Segment Expenses

The following table is a summary of the segment profit or loss, including significant segment expenses (in thousands):

 

 

Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

Segment expenses:

 

 

 

 

 

 

Trem-cel(a)

 

$

6,382

 

 

$

4,861

 

VCAR33(a)

 

 

3,636

 

 

 

2,600

 

Other research and development(a)

 

 

2,995

 

 

 

3,117

 

Salaries and benefits

 

 

11,613

 

 

 

12,113

 

General corporate activities

 

 

5,169

 

 

 

5,299

 

Other segment items(b)

 

 

2,691

 

 

 

2,814

 

Segment expenses:

 

 

32,486

 

 

 

30,804

 

Segment net loss

 

 

(32,486

)

 

 

(30,804

)

 

(a) Includes only external research and development expenditures.

(b) Other segment items are primarily comprised of taxes, interest income on marketable securities and certain non-cash expenses such as stock-based compensation, depreciation expense, and non-cash lease expense.