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Warrants and Share-based Payment (Tables)
 6 Months Ended
Jun. 30, 2018
Summary of Warrant Compensation Cost

Warrant compensation costs are determined with basis in the grant date fair value of the warrants granted and recognized over the vesting period.

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2018      2017      2018      2017  
     (EUR’000)      (EUR’000)  

Research and development costs

      1,964        1,122        4,349        2,411  

General and administrative expenses

      2,258        1,183        4,552        2,599  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total warrant compensation costs

      4,222        2,305        8,901        5,010  
  

 

 

     

 

 

     

 

 

     

 

 

  

Warrants [member]  
Summary of Warrant Activity

The following table specifies the warrant activity during the six months ended June 30, 2018:

 

     Total
Warrants		      Weighted
Average
Exercise
Price
EUR		  

Outstanding at December 31, 2017

      4,621,154        17.62  
  

 

 

     

 

 

  

Granted during the period

      189,625        49.34  

Exercised during the period

      (317,825 )       11.16  

Forfeited during the period

      (13,263 )       24.24  

Expired during the period

      —          —    
  

 

 

     

 

 

  

Outstanding at June 30, 2018

      4,479,691        19.40  
  

 

 

     

 

 

  

Vested at the balance sheet date

      2,248,000        13.48