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Moderna Collaboration and License Agreement (Tables)

9 Months Ended

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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