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Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING EXPENSES:        
Research and development $ 19,818 $ 15,920 $ 38,853 $ 31,282
General and administrative 12,846 11,336 25,599 21,394
Total operating expenses 32,664 27,256 64,452 52,676
LOSS FROM OPERATIONS: (32,664) (27,256) (64,452) (52,676)
OTHER INCOME, NET:        
Other income, net 627 240 1,336 374
Foreign exchange gains 1,376 1,958 4,061 3,291
Benefit from R&D tax credit 2,520 4,077 6,836 6,999
Total other income, net 4,523 6,275 12,233 10,664
Loss before income taxes (28,141) (20,981) (52,219) (42,012)
Income tax expense (194) (56) (324) (196)
Net loss (28,335) (21,037) (52,543) (42,208)
Other comprehensive (loss) income:        
Foreign exchange translation adjustment 717 (17,134) 139 (24,327)
Comprehensive loss $ (27,618) $ (38,171) $ (52,404) $ (66,535)
Net loss per share attributable to ordinary shareholders - basic (in dollars per share) $ (0.62) $ (0.50) $ (1.19) $ (1.00)
Net loss per share attributable to ordinary shareholders - diluted (in dollars per share) $ (0.62) $ (0.50) $ (1.19) $ (1.00)
Weighted average ordinary shares outstanding - basic (in shares) 45,565,991 42,474,987 44,153,772 42,110,161
Weighted average ordinary shares outstanding - diluted (in shares) 45,565,991 42,474,987 44,153,772 42,110,161