| Schedule of financial assets and liabilities measured at fair value on a recurring basis |
The following tables set forth the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as follows (in thousands):
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Fair Value Measurements as of December 31, 2025 using: |
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Quoted Prices in |
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Significant Other |
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Significant |
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Active Markets for |
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Observable |
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Unobservable |
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Identical Assets |
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Inputs |
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Inputs |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Total |
Assets: |
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|
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Cash equivalents: |
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Money market funds |
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$ |
41,810 |
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$ |
— |
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$ |
— |
|
$ |
41,810 |
U.S. treasury bills |
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|
6,330 |
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|
— |
|
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— |
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|
6,330 |
Total cash equivalents |
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|
48,140 |
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— |
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— |
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48,140 |
Exarafenib milestone asset (Note 6) |
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— |
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— |
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|
3,600 |
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|
3,600 |
Investment in equity securities |
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|
382 |
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— |
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— |
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|
382 |
Castle Creek PRV Interest (Note 4) |
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— |
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— |
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— |
|
|
— |
Castle Creek warrants (Note 4) |
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— |
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— |
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|
697 |
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|
697 |
Total financial assets |
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$ |
48,522 |
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$ |
— |
|
$ |
4,297 |
|
$ |
52,819 |
Liabilities: |
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|
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|
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|
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Exarafenib milestone contingent consideration (Note 6) |
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$ |
— |
|
$ |
— |
|
$ |
3,600 |
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$ |
3,600 |
Share-based liability (Note 12) |
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— |
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— |
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|
3,197 |
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|
3,197 |
Total financial liabilities |
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$ |
— |
|
$ |
— |
|
$ |
6,797 |
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$ |
6,797 |
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|
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|
|
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|
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Fair Value Measurements as of December 31, 2024 using: |
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|
Quoted Prices in |
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Significant Other |
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Significant |
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|
|
|
|
Active Markets for |
|
Observable |
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Unobservable |
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|
|
|
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Identical Assets |
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Inputs |
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Inputs |
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|
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Total |
Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
72,304 |
|
$ |
— |
|
$ |
— |
|
$ |
72,304 |
U.S. treasury bills |
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|
20,367 |
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|
— |
|
|
— |
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|
20,367 |
Total cash equivalents |
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|
92,671 |
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|
— |
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|
— |
|
|
92,671 |
Exarafenib milestone asset (Note 6) |
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|
— |
|
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— |
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|
3,214 |
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|
3,214 |
Investment in equity securities |
|
|
3,529 |
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|
— |
|
|
— |
|
|
3,529 |
Total financial assets |
|
$ |
96,200 |
|
$ |
— |
|
$ |
3,214 |
|
$ |
99,414 |
Liabilities: |
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|
|
|
|
|
|
|
|
|
|
|
Exarafenib milestone contingent consideration (Note 6) |
|
$ |
— |
|
$ |
— |
|
$ |
3,214 |
|
$ |
3,214 |
Total financial liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
3,214 |
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$ |
3,214 |
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