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Revenue | 6 Months Ended
--- | ---
Jun. 30, 2025
Principal Transaction Revenue [Line Items] |
Revenue | Note 3. Revenue Revenue consisted of the following:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(In thousands of USD) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
License revenue attributed from license performance obligation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
License revenue attributed from R&D performance obligation |  |  | 19,145 |  |  |  | 2,279 |  |  |  | 22,123 |  |  |  | 3,680 |
Total revenue |  |  | 19,145 |  |  |  | 2,279 |  |  |  | 22,123 |  |  |  | 3,680 |
During the six months ended June 30, 2025 it was determined that the R&D performance obligation was satisfied in full and, as such, all of the deferred revenue on the consolidated balance sheet as of January 1, 2025 has been recognized as revenue during the period. In addition, during the six months ended June 30, 2025, it was determined that the second of two development cost reimbursements was probable to be realized with no significant reversals. As such, the amount of the reimbursement was added to the transaction price resulting in the recognition of $16.1 million in revenue attributed to the R&D performance obligation.

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