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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive compensation and certain financial performance metrics. The disclosure included in this section is prescribed by SEC rules and does not necessarily align with how we or the compensation committee view the link between financial performance and the compensation actually received or realized by our named executive officers. All information provided above under the “Pay Versus Performance” heading will not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing, except to the extent the Company specifically incorporates such information by reference.
Pay Versus Performance Table
The table below presents information on the compensation of our Chief Executive Officer and other named executive officers in comparison to certain performance metrics for 2025, 2024, and 2023. These metrics are not those that the compensation committee uses when setting executive compensation. The use of the term “compensation actually paid” (“CAP”) is required by the rules and regulations of the SEC, and under such rules, CAP was calculated by adjusting the Summary Compensation Table (“SCT”) Total values for the applicable year as described in the footnotes to the table.
 
Year
 
Summary
Compensation
Table Total
for PEO
(1)(2)
   
Compensation
Actually Paid
to PEO
(1)(3)
   
Average
Summary
Compensation
Table Total
for
Non-PEO
NEOs
(1)(2)
   
Average
Compensation
Actually Paid
to
Non-PEO
NEOs
(1)(3)
   
Value of
Initial
Fixed $100
Investment
Based On:
   
Net Income
(Loss)
(5)
 
 
Total
Shareholder
Return
(TSR)
(4)
 
   
(a)
   
(b)
   
(c)
   
(d)
   
(e)
   
(f)
 
2025     $9,354,184       $9,858,784       $4,375,630       $4,601,977       $252.83       $(293,423,177)  
2024     $1,209,984       $1,255,771       $836,943       $870,195       $139.62       $1,438,865  
2023     $1,835,160       $2,127,419       $1,182,081       $1,298,479       $386.79       $(30,005,353)  
 
(1)
The Principal Executive Officer (“PEO”) information reflected in columns (a) and (b) relates to our CEO, Dr. Remy Luthringer. The
non-PEO
NEOs information reflected in columns (c) and (d) above relates to Geoffrey Race and Frederick Ahlholm during 2025, 2024 and 2023.
 
(2)
The amounts shown in this column are the amounts of total compensation reported for Dr. Luthringer, or the average total compensation reported for the
non-PEO
NEOs, as applicable, for each corresponding year in the “Total” column of the Summary Compensation Table. Please refer to “Executive Compensation—Compensation Tables—Summary Compensation Table.”
 
(3)
The dollar amounts reported represent the amount of “compensation actually paid” to our PEO and
non-PEO
NEOs, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to the total compensation of our PEO and
non-PEO
NEOs for 2025 to determine the compensation actually paid:
 
Year
 
NEO
   
SCT Total
   
Less:
Grant
Date Fair
Value of
Equity
Awards
Reported
in the
SCT
   
Add: Fair
Value of
Equity
Awards
Granted
During the
Year that
Remain
Unvested at
December 31,
2025
   
Add:
Change in
Fair Value
of Prior
Years’
Equity
Awards
that
Remain
Outstanding
and
Unvested at
December 31,
2025
   
Add:
Vesting
Date Fair
Value of
Awards
Granted
During
Applicable
Year
that
Vested
During
Applicable
Year
   
Add:
Change in
Fair Value
of Prior
Years’
Equity
Awards
Vested
through
the Year
Ended
December 31,
2025
   
Less: Fair
Value of
Prior
Years’
Awards
that Failed
to Vest
   
CAP
 
2025
    PEO       $9,354,184       $8,190,000       $8,797,500       $ 25,596       $  -       $(128,496)       $  -       $9,858,784  
2025
   
Non-PEO

NEOs
 
 
    $4,375,630       $3,640,000       $3,910,000       $ 24,092       $  -       $(67,745)       $  -       $4,601,977  
 
(4)
Represents the cumulative TSR of our Common Stock as calculated in accordance with Item 201(e) of Regulation
S-X,
assuming an initial fixed investment of $100 on December 31, 2022. We have never declared or paid any dividends on our Common Stock.
 
(5)
Represents the net income (loss) as disclosed in the audited annual financial statements for the applicable year.
   
Named Executive Officers, Footnote
(1)
The Principal Executive Officer (“PEO”) information reflected in columns (a) and (b) relates to our CEO, Dr. Remy Luthringer. The
non-PEO
NEOs information reflected in columns (c) and (d) above relates to Geoffrey Race and Frederick Ahlholm during 2025, 2024 and 2023.
   
PEO Total Compensation Amount $ 9,354,184 $ 1,209,984 $ 1,835,160
PEO Actually Paid Compensation Amount $ 9,858,784 1,255,771 2,127,419
Adjustment To PEO Compensation, Footnote
(3)
The dollar amounts reported represent the amount of “compensation actually paid” to our PEO and
non-PEO
NEOs, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to the total compensation of our PEO and
non-PEO
NEOs for 2025 to determine the compensation actually paid:
 
Year
 
NEO
   
SCT Total
   
Less:
Grant
Date Fair
Value of
Equity
Awards
Reported
in the
SCT
   
Add: Fair
Value of
Equity
Awards
Granted
During the
Year that
Remain
Unvested at
December 31,
2025
   
Add:
Change in
Fair Value
of Prior
Years’
Equity
Awards
that
Remain
Outstanding
and
Unvested at
December 31,
2025
   
Add:
Vesting
Date Fair
Value of
Awards
Granted
During
Applicable
Year
that
Vested
During
Applicable
Year
   
Add:
Change in
Fair Value
of Prior
Years’
Equity
Awards
Vested
through
the Year
Ended
December 31,
2025
   
Less: Fair
Value of
Prior
Years’
Awards
that Failed
to Vest
   
CAP
 
2025
    PEO       $9,354,184       $8,190,000       $8,797,500       $ 25,596       $  -       $(128,496)       $  -       $9,858,784  
2025
   
Non-PEO

NEOs
 
 
    $4,375,630       $3,640,000       $3,910,000       $ 24,092       $  -       $(67,745)       $  -       $4,601,977  
   
Non-PEO NEO Average Total Compensation Amount $ 4,375,630 836,943 1,182,081
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,601,977 870,195 1,298,479
Adjustment to Non-PEO NEO Compensation Footnote
(3)
The dollar amounts reported represent the amount of “compensation actually paid” to our PEO and
non-PEO
NEOs, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to the total compensation of our PEO and
non-PEO
NEOs for 2025 to determine the compensation actually paid:
 
Year
 
NEO
   
SCT Total
   
Less:
Grant
Date Fair
Value of
Equity
Awards
Reported
in the
SCT
   
Add: Fair
Value of
Equity
Awards
Granted
During the
Year that
Remain
Unvested at
December 31,
2025
   
Add:
Change in
Fair Value
of Prior
Years’
Equity
Awards
that
Remain
Outstanding
and
Unvested at
December 31,
2025
   
Add:
Vesting
Date Fair
Value of
Awards
Granted
During
Applicable
Year
that
Vested
During
Applicable
Year
   
Add:
Change in
Fair Value
of Prior
Years’
Equity
Awards
Vested
through
the Year
Ended
December 31,
2025
   
Less: Fair
Value of
Prior
Years’
Awards
that Failed
to Vest
   
CAP
 
2025
    PEO       $9,354,184       $8,190,000       $8,797,500       $ 25,596       $  -       $(128,496)       $  -       $9,858,784  
2025
   
Non-PEO

NEOs
 
 
    $4,375,630       $3,640,000       $3,910,000       $ 24,092       $  -       $(67,745)       $  -       $4,601,977  
   
Compensation Actually Paid vs. Total Shareholder Return LOGO    
Compensation Actually Paid vs. Net Income LOGO    
Total Shareholder Return Amount $ 252.83 139.62 386.79
Net Income (Loss) $ (293,423,177) $ 1,438,865 $ (30,005,353)
PEO Name Dr. Remy Luthringer Dr. Remy Luthringer Dr. Remy Luthringer
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (8,190,000)    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 8,797,500    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 25,596    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (128,496)    
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (3,640,000)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,910,000    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 24,092    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (67,745)    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0