Commitments and Contingencies |
6 Months Ended |
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Jun. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 9. Commitments and Contingencies Intellectual Property License In August 2016, the Company and D.E. Shaw Research, LLC ("D.E. Shaw Research") entered into the Collaboration and License Agreement, which was most recently amended in 2023 ("DESRES Agreement"). During the three and six months ended June 30, 2024 and 2023, there were no material changes to the contractual terms of the DESRES Agreement. Accordingly, there were no changes to the Company’s accounting treatment thereon through June 30, 2024. The Company assessed the milestones under the DESRES Agreement at June 30, 2024 and December 31, 2023, concluding no payments were due. For the three months ended June 30, 2024 and 2023, the Company recorded research and development expenses of $2.3 million and $2.4 million, respectively, under the DESRES Agreement on its condensed consolidated statement of operations and comprehensive loss. For the six months ended June 30, 2024 and 2023, the Company recorded research and development expenses of $4.9 million and $4.8 million, respectively, under the DESRES Agreement on its condensed consolidated statement of operations and comprehensive loss. As of June 30, 2024 and December 31, 2023, the Company had prepaid balances of $0.7 million and $5.4 million, respectively, under the DESRES Agreement on its condensed consolidated balance sheets. As of June 30, 2024 and December 31, 2023, the Company had no accrued expense and accounts payable balances under the DESRES Agreement on its condensed consolidated balance sheets. Other Arrangements The Company has certain other research and license arrangements and other collaborations with third parties, which provide the Company with specified research and/or development services. |