Asset Acquisition (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Asset Acquisition

The following table summarizes the Closing Date fair value of the consideration transferred (in thousands):

Fair value of common stock consideration(1)	$	17,227
Payment of certain acquiree transaction costs and other liabilities on behalf of acquiree(2)	1,001
Total purchase price	$	18,228

(1)The fair value of the 71,211 shares of common stock issued as part of consideration transferred was determined based on the Closing Date market price of the Company’s common stock of $241.91.

(2)Transaction costs and other pre-existing liabilities paid on behalf of the acquiree as part of the consideration transferred for the IPR&D are presented in the investing activities section of the condensed consolidated statements of cash flows.