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Segment Reporting (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of segment loss, including significant segment expenses

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

			Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025						Period from September 19, 2024 (Inception) Through September 30, 2024
CR-001 external research and development costs			$	8,714					$	19,411					$	2,469
CR-002 external research and development costs			6,705						11,685						—
Other external research and discovery costs(1)			357						2,179						—
General and administrative personnel costs			3,225						10,517						112
Research and development personnel costs			4,211						9,356						—
Professional and consulting fees			1,542						5,852						50
Other segment items (2)			(147)						2,545						—
Net loss and comprehensive loss			$	24,607					$	61,545					$	2,631

_________________________

(1)External research and discovery costs include CR-003 costs and other costs associated with candidate discovery activities.

(2)Other segment items includes office and facilities expense, interest expense, and miscellaneous other expense offset by interest income.

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

			Period from September 19, 2024 (Inception) to December 31, 2024
CR-001 external research and development costs			$	10,510
CR-002 external research and development costs			3,251
General and administrative personnel costs (including stock-based compensation expense)			1,153
Research and development personnel costs (including stock-based compensation expense)			61
Professional and consulting fees			1,981
Other segment items(1)			911
Net loss and comprehensive loss			$	17,867

_____________________

(1)Other expense including interest expense and miscellaneous other expense offset by interest income

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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