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LICENSE AGREEMENT - Miami University (Details) - USD ($) $ in Thousands |  |  | 3 Months Ended |
--- | --- | --- | --- | ---
Dec. 14, 2020 | Oct. 28, 2020 | Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023
Agreements |  |  |  |  |
Research and development |  |  | $ 12,217 | $ 15,935 |
General and administrative |  |  | 9,066 | 5,583 |
Operating expenses |  |  | 21,283 | 21,518 |
Accrued expenses and other current liabilities |  |  | 14,641 |  | $ 15,286
2020 license agreement | University of Miami |  |  |  |  |
Agreements |  |  |  |  |
Amount of first payment to be made for license issue fee |  | $ 1,100 |  |  |
Amount of second payment to be made for license issue fee, due on first anniversary of the date of license |  | 500 |  |  |
Payment to be made on achievement of specified patenting and development milestones |  | 2,200 |  |  |
Payment to be made on achievement of late stage regulatory milestones |  | $ 4,100 |  |  |
Agreement term |  | 10 years |  |  |
Written notice period for termination of agreement |  | 60 days |  |  |
Written notice period of material breach leading to termination |  | 60 days |  |  |
Research and development |  |  | 200 | 25 |
Accrued expenses and other current liabilities |  |  | 600 |  | 400
2020 license agreement | University of Miami | Minimum |  |  |  |  |
Agreements |  |  |  |  |
Royalties payment (as a percent) |  | 0.88% |  |  |
Non-royalty sublicensing revenue payment (as a percent) |  | 15.00% |  |  |
2020 license agreement | University of Miami | Maximum |  |  |  |  |
Agreements |  |  |  |  |
Royalties payment (as a percent) |  | 5.00% |  |  |
Non-royalty sublicensing revenue payment (as a percent) |  | 25.00% |  |  |
2020 research agreement and amendment | University of Miami |  |  |  |  |
Agreements |  |  |  |  |
Consideration | $ 300 |  |  |  |
Research and development |  |  | 0 | $ 0 |
Accrued expenses and other current liabilities |  |  | $ 0 |  | $ 100

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