Description of Semnur Pharmaceuticals Inc's Business Segments

The Company operates as a single operating segment and has one reportable segment. Since its inception, the Company has focused exclusively on the development of SP-102. The Chief Executive Officer serves as the chief operating decision maker (CODM), assessing performance and allocating resources based on net loss. Net loss is used to monitor budget versus actual results. Segment net loss and segment expenses are reported on the consolidated statements of operations and comprehensive loss, while segment assets are reported on the consolidated balance sheets as total assets. All long-lived assets are located in the United States and Switzerland.

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