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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

The following table sets forth the Company’s segment information (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2025				2024				2025				2024
External program expenses for product candidates
ADI-001	$	4,484			$	5,729			$	7,852			$	10,314
ADI-270		4,104				1,035				5,470				1,963
ADI-212		701				—				769				—
Other programs(1)		—				86				—				187
Total external program expenses for product candidates		9,289				6,850				14,091				12,464
Non-program specific expenses(2)		2,089				3,788				4,764				6,322
Personnel-related expenses (including non-cash stock-based compensation)(3)		12,840				15,738				27,633				31,773
Depreciation		1,655				1,602				3,335				3,253
Professional services and consulting fees		2,156				1,241				4,420				2,600
Facilities and infrastructure expenses		2,379				1,984				4,605				4,095
Other segment expense(4)		1,984				1,646				3,429				3,212
Interest income		(1,398	)			(2,999	)			(3,081	)			(5,917	)
Other expense, net		223				51				235				115
Income tax provision		—				—				—				—
Segment net loss	$	31,217			$	29,901			$	59,431			$	57,917

(1)Relates to programs that have been discontinued or are currently in the research stage.

(2)Relates to platform research and development expenses which are not attributed to specific programs.

(3)Relates to personnel-related expenses including non-cash stock-based compensation for the three months ended June 30, 2025 and 2024 of $2.9 million and $6.0 million, respectively, and the six months ended June 30, 2025 and 2024 of $6.1 million and $11.7 million, respectively.

(4)Relates to other expenses primarily for software subscriptions and licenses, office expenses, travel and entertainment, director compensation and recruiting fees.

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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.

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