Quarterly report pursuant to Section 13 or 15(d)

Collaboration and Research Arrangements

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Collaboration and Research Arrangements
6 Months Ended
Jun. 30, 2024
Collaborative Arrangement Disclosure [Abstract]  
Collaboration and Research Arrangements

3. Collaboration and Research Arrangements

During the three and six months ended June 30, 2023, the Company recognized revenue of $2.8 million and $5.8 million, respectively, under a license and collaboration agreement with Global Therapeutics, Inc, now a subsidiary of Pfizer. As of June 30, 2023, the Company had deferred revenue outstanding under that agreement of approximately $2.2 million, all of which is classified as deferred revenue, current portion on the Company’s condensed consolidated balance sheet. As the agreement was terminated in October 2023, no revenue was recognized during the three and six month periods ended June 30, 2024.