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Stock Plans and Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option
A summary of stock option activity under the 2010 Plan and Inducement Awards are summarized as follows:
Number of
Shares
Weighted
Average
Exercise
Price per
Share
Weighted
Average
Remaining Contractual Life
Aggregate Intrinsic Value
Outstanding, December 31, 20241,160,251 $33.44 7.19$— 
Granted1,388,400 3.04 
Exercised— — 
Canceled/Forfeited(178,825)14.17 
Outstanding, September 30, 2025
2,369,826 $17.19 7.94$— 
Exercisable at September 30, 2025
795,029 $43.64 5.55$— 
Vested and unvested expected to vest at September 30, 2025
2,369,826 $17.19 7.94$— 
Schedule of Valuation Assumptions Used to Calculate Fair Value of Employee Options Awarded the following estimated assumptions under the Black-Scholes option pricing model:
Nine Months Ended September 30,
 20252024
Expected term (years) 6.06.0
Risk free interest rate
3.9% - 4.4%
3.9% - 4.5%
Expected volatility
113% - 114%
114% - 116%
Expected dividendsNoneNone
Schedule of Restricted Stock Awards
The following table presents a summary of RSAs under the 2010 Plan as of September 30, 2025:
Number of SharesWeighted Average Grant Date Fair Value
Unvested, December 31, 202440,137 $18.20 
Awarded— — 
Vested(39,637)18.20 
Forfeited(500)18.20 
Unvested, September 30, 2025
— $— 
The following table presents a summary of RSUs under the 2010 Plan as of September 30, 2025:
Number of SharesWeighted Average Grant Date Fair Value
Unvested, December 31, 2024— $— 
Awarded350,600 3.13 
Vested— 
Forfeited(87,200)3.13 
Unvested, September 30, 2025
263,400 3.13 
Schedule of Stock-Based Compensation Expense
For the three and nine months ended September 30, 2025 and 2024, the Company recorded stock-based compensation expense to the following line items in its costs and expenses section of the Condensed Consolidated Statements of Operations and Comprehensive Loss:
 Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2025202420252024
Research and development$368 $624 $1,452 $2,168 
General and administrative556 760 1,771 2,479 
Total stock-based compensation expense$924 $1,384 $3,223 $4,647