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Subsequent Events
9 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 10. Subsequent Events

On February 8, 2023, the Company entered into a binding term sheet with Metacrine, Inc., pursuant to which the parties have agreed to negotiate a definitive asset purchase agreement (the "Term Sheet"). The Term Sheet contemplates that the Company will acquire Metacrine's FXR program from Metacrine in consideration of cash payments totaling $4 million. The proposed transaction is subject to certain contingencies, including completion of due diligence and the execution of a definitive agreement. The parties expect to sign and close the transaction prior to March 31, 2023.