| Balance Sheet Components Property and Equipment, Net Property and equipment, net consists of the following: | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | | (In thousands) | | Laboratory equipment | $ | 14,963 | | | $ | 14,638 | | | Leasehold improvements | 13,586 | | | 13,586 | | | Computer equipment and software | 901 | | | 868 | | | | | | | Construction in progress | — | | | 184 | | | Total property and equipment | 29,450 | | | 29,276 | | | Less: Accumulated depreciation and amortization | (17,235) | | | (14,512) | | | Property and equipment, net | $ | 12,215 | | | $ | 14,764 | |
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following: | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | | (In thousands) | | Employee compensation | $ | 7,283 | | | $ | 8,040 | | | Accrued nonclinical, clinical and process development costs | 5,705 | | | 3,367 | | | Accrued professional services | 671 | | | 351 | | | | | | | Other | 1,227 | | | 826 | | | Total accrued expenses and other current liabilities | $ | 14,886 | | | $ | 12,584 | |
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