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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay-Versus-Performance
As required by Section 952(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and our financial performance for each of the last three completed fiscal years. In determining the “compensation actually paid” to our named executive officers (or “NEOs”), we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this disclosure differ from those required in the Summary Compensation Table. For our NEOs other than our principal executive officer (the “PEO”), compensation is reported as an average.
Year
Summary
Compensation
Table Total for
PEO
(1)
Compensation
Actually Paid to
PEO
(2)
Average Summary
Compensation
Table Total for
Non-PEO NEOs
(3)
Average
Compensation
Actually Paid to
Non-PEO NEOs
(4)
Value of Initial Fixed
$100 Investment
Based On Total
Shareholder Return
(5)
Net Income
(in thousands)
(6)
2024
$ 3,995,931 $ 2,089,290 $ 1,466,136 $ 1,080,541 $ 85.16 $ (56,418)
2023
$ 4,318,531 $ 4,116,164 $ 1,396,517 $ 1,514,466 $ 63.25 $ (55,193)
2022
$ 6,272,907 $ 6,747,378 $ 971,395 $ 789,294 $ 63.14 $ 872,132
(1)
Our PEO for each year reported is Rick Winningham, our Chief Executive Officer. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Winningham in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(2)
In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid to our PEO during fiscal years 2024, 2023 and 2022, which consisted solely of adjustments to the PEO’s equity awards:
Description of Adjustment
2024
2023
2022
Summary Compensation Table – Total Compensation
$ 3,995,931 $ 4,318,531 $ 6,272,907
- grant date fair value of option awards and stock awards granted in the covered fiscal year
$ (2,443,500) $ (3,015,100) $ (4,497,647)
+ fair value at fiscal year end of outstanding and unvested option awards and stock awards granted in the covered fiscal year
$ 2,405,375 $ 3,327,588 $ 5,173,856
+ change in fair value of outstanding and unvested option awards and stock awards granted in prior fiscal years
$ (1,354,021) $ (120,820) $ 27,094
+ fair value on vesting date of option awards and stock awards granted in the covered fiscal year that vested during the covered fiscal year
$ 99,753 $
+ change in fair value as of the vesting date of option awards and stock awards granted in prior fiscal years that vested in the covered fiscal year
$ (614,247) $ (394,035) $ (228,833)
- fair value of as of prior fiscal year end of option awards and stock awards granted in prior fiscal years that failed to meet applicable vesting conditions during the covered fiscal year
$
Description of Adjustment
2024
2023
2022
+ dollar value of dividends or earnings paid on option awards or
stock awards in the covered fiscal year prior to vesting that are
not otherwise included in total compensation
$
Total Equity Adjustments (subtotal)
$ (1,906,641) $ (202,367) $ 474,471
Compensation Actually Paid
$ 2,089,290 $ 4,116,164 $ 6,747,378
(3)
The non-PEO NEOs for each year reported are as follows:

For 2024: Aziz Sawaf and Brett Grimaud

For 2023: Richard Graham and Aziz Sawaf

For 2022: Andrew Hindman, Rhonda Farnum, Richard Graham and Ann Brady
(4)
The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO NEOs in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(5)
In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid on average to our non-PEO NEOs during fiscal years 2024, 2023 and 2022, which consisted solely of adjustments to the non-PEO NEOs’ equity awards:
Description of Adjustment
2024
2023
2022
Summary Compensation Table – Total Compensation
$ 1,466,136 $ 1,396,517 $ 971,395
- grant date fair value of option awards and stock awards granted in
the covered fiscal year
$ (790,624) $ (778,100)
+ fair value at fiscal year end of outstanding and unvested option awards and stock awards granted in the covered fiscal year
$ 766,982 $ 913,250
+ change in fair value of outstanding and unvested option awards and stock awards granted in prior fiscal years
$ (171,990) $ 2,097 $ 86,152
+ fair value on vesting date of option awards and stock awards granted in the covered fiscal year that vested during the covered fiscal year
$ 38,888
+ change in fair value as of the vesting date of option awards and stock awards granted in prior fiscal years that vested in the covered fiscal year
$ (189,963) $ (58,185) $ (151,278)
- fair value of as of prior fiscal year end of option awards and stock
awards granted in prior fiscal years that failed to meet applicable
vesting conditions during the covered fiscal
year
$ (116,975)
+ dollar value of dividends or earnings paid on option awards or stock awards in the covered fiscal year prior to vesting that are not otherwise included in total compensation
Total Equity Adjustments (subtotal)
$ (385,595) $ 117,949 $ (182,101)
Compensation Actually Paid
$ 1,080,541 $ 1,514,466 $ 789,294
(1)
Cumulative total shareholder return on our ordinary shares from December 31, 2021 through December 31, 2022, December 31, 2023, and December 31, 2024, respectively. Assumes the investment of $100 on December 31, 2021 in the NASDAQ Biotechnology Index and assumes the reinvestment of dividends.
(2)
The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year.
   
Named Executive Officers, Footnote
(1)
Our PEO for each year reported is Rick Winningham, our Chief Executive Officer. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Winningham in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(3)
The non-PEO NEOs for each year reported are as follows:

For 2024: Aziz Sawaf and Brett Grimaud

For 2023: Richard Graham and Aziz Sawaf

For 2022: Andrew Hindman, Rhonda Farnum, Richard Graham and Ann Brady
   
PEO Total Compensation Amount $ 3,995,931 $ 4,318,531 $ 6,272,907
PEO Actually Paid Compensation Amount $ 2,089,290 4,116,164 6,747,378
Adjustment To PEO Compensation, Footnote
(2)
In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid to our PEO during fiscal years 2024, 2023 and 2022, which consisted solely of adjustments to the PEO’s equity awards:
Description of Adjustment
2024
2023
2022
Summary Compensation Table – Total Compensation
$ 3,995,931 $ 4,318,531 $ 6,272,907
- grant date fair value of option awards and stock awards granted in the covered fiscal year
$ (2,443,500) $ (3,015,100) $ (4,497,647)
+ fair value at fiscal year end of outstanding and unvested option awards and stock awards granted in the covered fiscal year
$ 2,405,375 $ 3,327,588 $ 5,173,856
+ change in fair value of outstanding and unvested option awards and stock awards granted in prior fiscal years
$ (1,354,021) $ (120,820) $ 27,094
+ fair value on vesting date of option awards and stock awards granted in the covered fiscal year that vested during the covered fiscal year
$ 99,753 $
+ change in fair value as of the vesting date of option awards and stock awards granted in prior fiscal years that vested in the covered fiscal year
$ (614,247) $ (394,035) $ (228,833)
- fair value of as of prior fiscal year end of option awards and stock awards granted in prior fiscal years that failed to meet applicable vesting conditions during the covered fiscal year
$
   
Non-PEO NEO Average Total Compensation Amount $ 1,466,136 1,396,517 971,395
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,080,541 1,514,466 789,294
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO NEOs in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(5)
In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid on average to our non-PEO NEOs during fiscal years 2024, 2023 and 2022, which consisted solely of adjustments to the non-PEO NEOs’ equity awards:
Description of Adjustment
2024
2023
2022
Summary Compensation Table – Total Compensation
$ 1,466,136 $ 1,396,517 $ 971,395
- grant date fair value of option awards and stock awards granted in
the covered fiscal year
$ (790,624) $ (778,100)
+ fair value at fiscal year end of outstanding and unvested option awards and stock awards granted in the covered fiscal year
$ 766,982 $ 913,250
+ change in fair value of outstanding and unvested option awards and stock awards granted in prior fiscal years
$ (171,990) $ 2,097 $ 86,152
+ fair value on vesting date of option awards and stock awards granted in the covered fiscal year that vested during the covered fiscal year
$ 38,888
+ change in fair value as of the vesting date of option awards and stock awards granted in prior fiscal years that vested in the covered fiscal year
$ (189,963) $ (58,185) $ (151,278)
- fair value of as of prior fiscal year end of option awards and stock
awards granted in prior fiscal years that failed to meet applicable
vesting conditions during the covered fiscal
year
$ (116,975)
+ dollar value of dividends or earnings paid on option awards or stock awards in the covered fiscal year prior to vesting that are not otherwise included in total compensation
Total Equity Adjustments (subtotal)
$ (385,595) $ 117,949 $ (182,101)
Compensation Actually Paid
$ 1,080,541 $ 1,514,466 $ 789,294
   
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Total Shareholder Return
The following graph reflects the relationship between the PEO and average non-PEO NEO “compensation actually paid” ​(“CAP”), total compensation from the Summary Compensation Table (“SCT”) and our cumulative Total Shareholder Return (“TSR”), assuming an initial fixed investment on December 31, 2021 of $100, for the fiscal years ended December 31, 2024, 2023 and 2022. In addition, the SCT total compensation of our PEO and the average SCT total compensation for our non-PEO NEOs, each as disclosed in the table above, are included in the following graph as supplemental disclosures for each of the periods presented.
[MISSING IMAGE: bc_theravance-4c.jpg]
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
The following graph reflects the relationship between the PEO and average non-PEO NEO CAP, total compensation from the SCT and our net income (loss) for the fiscal years ended December 31, 2024, 2023 and 2022. While we are required by the SEC rules to disclose the relationship between our net income and “compensation actually paid” to our NEOs, this is not a metric our compensation committee currently uses in evaluating our NEOs’ compensation. In addition, the SCT total compensation of our PEO and the average SCT total compensation for our non-PEO NEOs, each as disclosed in the table above, are included in the following graph as supplemental disclosures for each of the periods presented.
[MISSING IMAGE: bc_netincome-4c.jpg]
   
Total Shareholder Return Amount $ 85.16 63.25 63.14
Net Income (Loss) $ (56,418,000) (55,193,000) 872,132,000
PEO Name Rick Winningham    
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (1,906,641) (202,367) 474,471
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (2,443,500) (3,015,100) (4,497,647)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,405,375 3,327,588 5,173,856
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,354,021) (120,820) 27,094
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 99,753
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (614,247) (394,035) (228,833)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (385,595) 117,949 (182,101)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (790,624) (778,100)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 766,982 913,250
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (171,990) 2,097 86,152
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 38,888
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (189,963) (58,185) (151,278)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (116,975)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount