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Share-based compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-based compensation [Abstract]  
Share-based Compensation Expense Recorded in Consolidated Statements of Operations and Comprehensive Loss
The following table shows the total share-based compensation expense recorded in the Consolidated Statements of Operations and Comprehensive Loss (in thousands):

   
2023
   
2022
   
2021
 
R&D
 
$
6,467
   
$
5,311
   
$
5,365
 
Selling, general and administrative
 
$
26,002
   
$
27,577
   
$
43,529
 
Number and Weighted Average Exercise Prices of Share Options Activity
The number and weighted average exercise prices of share options are as follows:

 Number of shares issuable
 
Number of
share options (#)
   
Weighted
average
exercise
price
($)
 
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic Value
(in thousands)
 
Outstanding at January 1, 2021
   
4,551,359
   
$
17.16
         
Awards granted
   
4,702,027
     
26.56
         
Awards exercised
   
(76,762
)
   
17.01
         
Awards forfeited
   
(290,664
)
   
31.24
         
Awards replaced with options
   
312,500
     
38.72
         
Outstanding at December 31, 2021
   
9,198,460
     
22.31
 
8.5 years
 
$
109,749
 
Awards granted
   
1,507,581
     
27.50
           
Awards exercised
   
(492,163
)
   
19.72
           
Awards forfeited
   
(320,634
)
   
26.41
           
Outstanding at December 31, 2022
   
9,893,244
     
23.10
 
7.9 years
 
$
336,120
 
Awards granted
   
853,863
     
62.57
           
Awards exercised
   
(1,637,303
)
   
20.93
           
Awards forfeited
   
(141,922
)
   
34.78
           
Outstanding at December 31, 2023
   
8,967,882
     
27.06
 
7.1 years
 
$
369,976
 
Exercisable at December 31, 2023
   
5,761,718
   
$
22.26
 
6.7 years
 
$
265,412
 
Assumptions used in Determining Fair Value of Stock Options
Awards granted in the year ended December 31, 2023, 2022 and 2021, have been valued using the Black-Scholes option pricing model. The assumptions used in the models for share options granted during year ended December 31, 2023 2022 and 2021, are as follows:

   
2023
   
2022
   
2021
 
Share price at grant date
 
$
46.48 - $64.53
   
$
24.66 - $46.86
   
$
26.00 - $41.74
 
Exercise price
 
$
46.48 - $64.53
   
$
24.66 - $46.86
   
$
26.00 - $41.74
 
Expected volatility
   
66.7% - 72.05%
 
   
73.02% - 87.81%
 
   
83.88% - 88.76%
 
Expected life (years)
 
5 years
   
4 years - 5 years
   
4 years
 
Risk free rate
   
3.52% - 4.75%
 
   
1.12% - 4.12%
 
   
-0.05% - 0.52%
 
Fair value
 
$
27.77 - $39.02
   
$
15.10 - $29.41
   
$
16.16 - $26.18