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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Summary of Segment Reconciliation All financial information required for segment reporting that is provided to the chief operating decision-maker is contained within the financial statements and notes to financial statements, with the exception of the disaggregated amounts contained in the table below:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Research and development:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and staff costs

 

$

1,843

 

 

$

1,579

 

 

$

5,946

 

 

$

5,161

 

Stock-based compensation

 

 

630

 

 

 

436

 

 

 

1,818

 

 

 

1,223

 

Clinical trials, outside services, and lab supplies

 

 

5,251

 

 

 

7,153

 

 

 

21,054

 

 

 

19,355

 

Facilities and other

 

 

473

 

 

 

472

 

 

 

1,436

 

 

 

1,401

 

Total research and development

 

$

8,197

 

 

$

9,640

 

 

$

30,254

 

 

$

27,140

 

Selling, general and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and staff costs

 

$

1,615

 

 

$

733

 

 

$

3,390

 

 

$

2,447

 

Stock-based compensation

 

 

754

 

 

 

817

 

 

 

2,614

 

 

 

2,333

 

Outside services and professional fees

 

 

1,120

 

 

 

1,176

 

 

 

3,980

 

 

 

3,326

 

Facilities and other

 

 

408

 

 

 

400

 

 

 

1,245

 

 

 

1,365

 

Total selling, general and administrative

 

$

3,897

 

 

$

3,126

 

 

$

11,229

 

 

$

9,471

 

Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss per Share

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their effect was anti-dilutive:

 

 

 

September 30,

 

 

 

2025

 

 

2024

 

Options to purchase Common Stock

 

 

11,243,888

 

 

 

8,348,344

 

Warrants to purchase Common Stock

 

 

1,076,046

 

 

 

2,807,353

 

Series A Convertible Preferred Stock

 

 

877

 

 

 

877

 

 

 

12,320,811

 

 

 

11,156,574