RESTRUCTURING CHARGE |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| RESTRUCTURING CHARGE | |
| RESTRUCTURING CHARGE | NOTE 14 —RESTRUCTURING CHARGE On January 4, 2023, following Board approval, the Company announced a strategic restructuring plan designed to extend its cash resources and prioritize resources for the commercialization and potential label extension of DANYELZA and on the development of the SADA PRIT Technology platform. The Company completed the restructuring in May 2023, which resulted in an approximately 35% reduction to its then workforce. Affected employees were offered separation benefits, including severance and outplacement services along with temporary healthcare coverage assistance. As a result, during the six months ended June 30, 2023, the Company recognized of $4,482,000. For the six months ended June 30, 2023, the Company recorded $3,346,000 and $1,136,000, respectively, within and , on the Consolidated Statements of Net Loss and Comprehensive Loss. The restructuring expenses primarily related to severance benefits of $2,776,000, and acceleration of stock-based compensation of $1,706,000, which was recognized in the six months ended June 30, 2023 as there was no longer a service condition related to such awards. |