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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment, Net [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Laboratory equipment

 

$

68,354

 

 

$

63,970

 

Office furniture and equipment

 

 

2,632

 

 

 

2,633

 

Computer software

 

 

1,902

 

 

 

1,902

 

Computer equipment

 

 

985

 

 

 

982

 

Leasehold improvements

 

 

3,199

 

 

 

3,134

 

Total property and equipment

 

 

77,072

 

 

 

72,621

 

Less: accumulated depreciation and amortization

 

 

(49,691

)

 

 

(39,861

)

Property and equipment, net

 

$

27,381

 

 

$

32,760

 

Depreciation and amortization expense was $10.3 million, $9.0 million and $7.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.