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Consolidated Statement of Comprehensive Income/(Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Profit or loss [abstract]      
Contract revenue $ 750 $ 2,090 $ 9,979
Grant revenue 2,580 13,528 7,409
Total revenue 3,330 15,618 17,388
Operating expenses:      
General and administrative expenses (53,295) (60,991) (57,199)
Research and development expenses (96,235) (152,433) (110,471)
Operating income/(loss) (146,199) (197,807) (150,282)
Other income/(expense):      
Gain/(loss) on deconsolidation of subsidiary 61,787 27,251 0
Gain/(loss) on investments held at fair value 77,945 (32,060) 179,316
Realized gain/(loss) on sale of investments (122) (29,303) (20,925)
Gain/(loss) on investments in notes from associates (27,630) 0 0
Other income/(expense) (908) 8,131 1,592
Other income/(expense) 111,072 (25,981) 159,983
Finance income/(costs):      
Finance income 16,012 5,799 214
Finance costs – contractual (3,424) (3,939) (4,771)
Finance income/(costs) – fair value accounting 2,650 137,063 9,606
Total finance costs - non cash interest expense related to sale of future royalties (10,159) 0 0
Net finance income/(costs) 5,078 138,924 5,050
Share of net income/(loss) of associates accounted for using the equity method (6,055) (27,749) (73,703)
Gain/(loss) on dilution of ownership interest in associates 0 28,220 0
Impairment of investment in associates 0 (8,390) 0
Income/(loss) before taxes (36,103) (92,783) (58,953)
Taxation (30,525) 55,719 (3,756)
Income/(loss) for the year (66,628) (37,065) (62,709)
Other comprehensive income/(loss):      
Equity-accounted associate – share of other comprehensive income (loss) 92 (166) 0
Reclassification of foreign currency differences on dilution of interest 0 (213) 0
Total other comprehensive income/(loss) 92 (379) 0
Total comprehensive income/(loss) for the year (66,535) (37,444) (62,709)
Income/(loss) attributable to:      
Owners of the Group (65,697) (50,354) (60,558)
Non-controlling interests (931) 13,290 (2,151)
Comprehensive income/(loss) attributable to:      
Owners of the Group (65,604) (50,733) (60,558)
Non-controlling interests $ (931) $ 13,290 $ (2,151)
Earnings/(loss) per share:      
Basic earnings/(loss) per share (in dollars per share) $ (0.24) $ (0.18) $ (0.21)
Diluted earnings/(loss) per share (in dollars per share) $ (0.24) $ (0.18) $ (0.21)