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Balance Sheet Components (Tables) | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | Cash and cash equivalents consisted of the following (in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Cash |  | $ | 1,504 |  |  | $ | 2,004 |
Commercial paper |  |  | 12,082 |  |  |  | 14,269 |
Money market funds |  |  | 5,296 |  |  |  | 28,241 |
U.S. government bonds |  |  | 4,485 |  |  |  | 5,968 |
Total cash and cash equivalents |  | $ | 23,367 |  |  | $ | 50,482 |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following (in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Insurance proceeds receivable for litigation settlement |  | $ | — |  |  | $ | 28,500 |
Prepaid assets |  |  | 1,031 |  |  |  | 1,903 |
Other current assets |  |  | 1,275 |  |  |  | 1,139 |
Total prepaid expenses and other current assets |  | $ | 2,306 |  |  | $ | 31,542 |
Schedule of Accrued and Other Current Liabilities | Accrued and other current liabilities consisted of the following (in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Preclinical and clinical trial accruals |  | $ | 5,991 |  |  | $ | 6,327 |
API and bulk drug product price true-up |  |  | 12,444 |  |  |  | 13,071 |
Litigation settlement |  |  | — |  |  |  | 28,500 |
Payroll and related accruals |  |  | 4,998 |  |  |  | 4,640 |
Accrued restructuring charge |  |  | 1,715 |  |  |  | 4,572 |
Professional services |  |  | 6,204 |  |  |  | 2,049 |
Current portion of liability related to sale of future revenues |  |  | 1,702 |  |  |  | 460 |
Other |  |  | 2,862 |  |  |  | 2,416 |
Total accrued and other current liabilities |  | $ | 35,916 |  |  | $ | 62,035 |

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
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