v3.25.3
Restructuring
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring

13. Restructuring

On August 21, 2024, the Company announced a restructuring plan to reduce the Company’s workforce by approximately 32% in response to the Company's announcement on August 20, 2024 that it planned to halt the registration-intended PRECISION1 trial of nab-sirolimus in patients with solid tumors harboring TSC1 or TSC2 inactivating alterations. The Company recorded a total restructuring charge of $2.6 million, which consists of one-time termination benefits such as severance costs and related benefits. As of September 30, 2025, $0.4 million of one-time termination benefits remain payable and are recorded within the accrued liabilities on the Company's condensed balance sheet. As of December 31, 2024, $1.5 million of one-time termination benefits remain payable and are recorded within the accrued liabilities and other liabilities line items on the Company's condensed balance sheet. The Company paid $0.4 million of the liability during the three months ended September 30, 2025 and $1.1 million during the nine months ended September 30, 2025. There were no restructuring charges for the three and nine months ended September 30, 2025. Restructuring payments commenced in September 2024 and will extend through March 2026.