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Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Depreciation expense for the three and six months ended June 30, 2025 was $1.2 million and $2.5 million, respectively (three and six months ended June 30, 2024: $0.7 million and $1.3 million, respectively).
During the three and six months ended June 30, 2025, the Company recorded a gain of $0.3 million, from the sale of U.K. laboratory equipment (three and six months ended June 30, 2024: nil) and recorded associated proceeds of $0.5 million (three and six months ended June 30, 2024: nil).
As of June 30, 2025, the Company had $0.4 million (December 31, 2024: nil) of U.K. laboratory equipment as held for sale in the condensed consolidated balance sheet. The Company measures assets held for sale at the lower of the carrying amount or fair value less cost to sell. The sale of U.K. laboratory equipment is expected to be completed in 2025.