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Moderna Collaboration and License Agreement (Tables) | 9 Months Ended
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Sep. 30, 2025
Moderna Collaboration and License Agreement |
Schedule of changes in deferred revenue | The following table summarizes the changes in deferred revenue (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30,
​ |  | 2025 |  | 2024
Balance at the beginning of the period | ​ | $ | 44,979 | ​ | $ | 46,413
Deferral of revenue | ​ |  | — | ​ |  | 9,498
Recognition of deferred revenue | ​ |  | (44,979) | ​ |  | (13,979)
Balance at the end of the period | ​ | $ | — | ​ | $ | 41,932
​

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