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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended March 31, 2025 and 2024 (in thousands):
Three Months Ended March 31,
20252024
Revenue:
Collaboration and license revenue$400 $5,840 
Grant revenue700 — 
Total revenue1,100 5,840 
Less
Operating expenses:
Legacy Selecta programs— 2,777 
Descartes-08 for MG7,036 1,266 
Early stage programs990 127 
Research and development employee expenses3,702 3,241 
Research and development stock-based compensation expense1,275 712 
Research and development facilities and other expenses1,671 1,615 
General and administrative8,315 9,450 
Other (income) expense, net (1)(4,179)43,476 
Net loss$(17,710)$(56,824)
(1) Includes interest income; foreign currency transaction, net; change in fair value of warrant liabilities; change in fair value of contingent value right liability; change in fair value of forward contract liabilities; and other income, net.