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Other income

9 Months Ended

Sep. 30, 2021

11	Other income

Other income during the three and nine months ended September 30, 2021, was $1.7 million and $9.6 million, respectively, compared to $1.0 million and $2.6 million during the same periods in 2020.

Other income in 2020 and 2021 includes income from payments received from European authorities to subsidize the Company’s research and development efforts in the Netherlands as well as income from subleasing part of the Amsterdam facility.

In addition, other income includes $1.3 million and $2.6 million of employee retention credits received under the U.S. Coronavirus Aid, Relief, and Economic Security Act, during the three and nine months ended September 30, 2021, respectively. Additionally, $3.0 million related to the acquisition by the Company of 69,899 shares of VectorY B.V. in conjunction with a settlement agreement that the Company and VectorY B.V. entered into in April 2021. This $3.0 million was recorded in other income for the nine months ended September 30, 2021 (nil for three months ended September 30, 2021). No such income was recorded in 2020.