v3.26.1
Segments (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Drug Development Segment and Reconciliation to Consolidated Net (Loss) Income Segment Operations

The table below provides information about the Company's drug development segment and includes the reconciliation to consolidated net loss for the three months ended March 31, 2026 and 2025, respectively (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Revenue

 

$

 

 

$

257

 

Less:

 

 

 

 

 

 

Clinical expense

 

 

2,015

 

 

 

1,712

 

Preclinical expense

 

 

247

 

 

 

937

 

Chemistry, manufacturing, and controls

 

 

555

 

 

 

500

 

IPR&D expense (Note 10)

 

 

8,000

 

 

 

 

Selling, general, and administrative

 

 

4,588

 

 

 

3,726

 

Interest expense

 

 

 

 

 

173

 

Plus:

 

 

 

 

 

 

Interest income

 

 

(535

)

 

 

(776

)

Other segment expense (income) (1)

 

 

6,429

 

 

 

(624

)

Segment net loss

 

 

(21,299

)

 

 

(5,391

)

Reconciliation of segment net loss

 

 

 

 

 

 

Adjustments and reconciling items

 

 

 

 

 

 

Consolidated net loss

 

$

(21,299

)

 

$

(5,391

)

 

(1) Other segment expense (income) includes other research and development expense, amortization of debt issuance costs and discount, other income, and the warrant liabilities fair value adjustment.