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Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Segment Reporting
The chief operating decision maker (“CODM”), who is defined as the Company’s chief executive officer, assesses performance for the Company’s single reportable segment and decides how to allocate resources based on the Company’s total operating expenses as reported on the condensed consolidated statements of operations and comprehensive loss. The CODM’s review of total operating expenses at the consolidated level is used to monitor the Company’s spending as well as budget versus actual results. The Company’s reportable segment primarily generates revenue through its license agreements.
As part of the CODM’s review of the segment’s performance, the CODM reviews the Company’s operating expense information, grouped by certain detailed line items from the internal income statement reporting. This includes research and development costs as well as general and administrative expenses. Based upon the operating expense information, the CODM can reconcile to net loss as reported on the consolidated statements of operations and comprehensive loss, shown in the table below.
The following table presents the segment loss, including significant segment expenses, for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
(In thousands)
Operating expenses
Compensation and benefits$16,306 $14,460 
Clinical trial and manufacturing
10,973 3,355 
Facilities and IT
11,748 6,968 
Other research and development2,143 781 
Other segment(a)
7,051 3,635 
Total operating expenses$48,221 $29,199 
Operating loss(48,221)(29,199)
Other income, net
1,202 2,052 
Segment and consolidated net loss$(47,019)$(27,147)
(a)
Other segment include professional services, consultants and contractors, travel and entertainment expenses, and general business expenses.