v3.25.4

License Agreement (Details) - USD ($) $ in Millions | Jun. 13, 2025 | Oct. 31, 2025
--- | --- | ---
License Agreement |  |
Consideration agreed | $ 17.0 |
Upfront cash payment | 12.0 |
Consideration payable | 5.0 |
License agreement expense | 18.5 |
Upon initiation of the first Phase 1 clinical trial for SIM0505 |  |
License Agreement |  |
Consideration agreed | 1.5 |
Upon initiation of the first Phase 2 clinical trial for SIM0505 |  |
License Agreement |  |
Value of stock agreed to be issued | 1.0 |
Upon achieving development and regulatory milestone of Zaiming Product |  |
License Agreement |  |
Consideration payable |  | $ 1.5
Upon achieving development and regulatory milestone of Zaiming Product | Maximum |  |
License Agreement |  |
Milestone payments | 166.5 |
Upon achieving development and regulatory milestone of NextCure Product | Maximum |  |
License Agreement |  |
Milestone payments | 25.5 |
Upon achieving commercial sales-based milestone | Maximum |  |
License Agreement |  |
Milestone payments | $ 535.0 |

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