Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisitions and Related Arrangements - Net Assets Acquired (Details)

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Acquisitions and Related Arrangements - Net Assets Acquired (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 05, 2025
Nov. 17, 2025
Sep. 17, 2025
Aug. 11, 2025
Dec. 31, 2024
Asset Acquisition            
Cash and cash equivalents $ 82,908         $ 101,654
Short-term restricted cash 5,441         1,330
Trade and other receivables, net 4,896         1,839
Prepaid expenses and other current assets 852         2,076
Long-term restricted cash 45,361         3,432
Intangible assets 44,756         25,909
Other assets - long term 427         1,861
Accounts payable (2,208)         (1,053)
Accrued and other liabilities (9,885)         (5,752)
Operating lease liabilities (2,464)         (446)
Long-term operating lease liabilities $ (20,114)         $ (483)
LAVA            
Asset Acquisition            
Cash and cash equivalents     $ 38,786      
Trade and other receivables, net     85      
Prepaid expenses and other current assets     1,266      
Long-term restricted cash     6,333      
Accounts payable     (4,123)      
Accrued and other liabilities     (4,452)      
Net assets acquired     38,978      
LAVA | LAVA-1266 IP            
Asset Acquisition            
Intangible assets     149      
LAVA | LAVA J&J Partnered Program IP            
Asset Acquisition            
Intangible assets     171      
LAVA | LAVA Pfizer Partnered Program IP            
Asset Acquisition            
Intangible assets     $ 763      
HilleVax            
Asset Acquisition            
Cash and cash equivalents       $ 102,752    
Short-term restricted cash       5,244    
Trade and other receivables, net       275    
Prepaid expenses and other current assets       64    
Long-term restricted cash       38,063    
Other assets - long term       26    
Accrued and other liabilities       (663)    
Operating lease liabilities       (1,879)    
Long-term operating lease liabilities       (20,646)    
Net assets acquired       $ 123,236    
Turnstone            
Asset Acquisition            
Cash and cash equivalents         $ 10,525  
Short-term restricted cash         1,790  
Trade and other receivables, net         272  
Prepaid expenses and other current assets         1,363  
Accounts payable         (2,268)  
Accrued and other liabilities         (285)  
Net assets acquired         $ 11,397  
Mural            
Asset Acquisition            
Cash and cash equivalents   $ 41,778        
Prepaid expenses and other current assets   129        
Accrued and other liabilities   (1,053)        
Net assets acquired   $ 40,854