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Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Adjusted Earnings/(Loss) Before Taxes for the Company's Single Segment

The following table presents the adjusted loss before taxes for the Company’s single segment for each of the three months ended March 31, 2026 and 2025:

		Three months ended March 31,
(In thousands of USD)		2026				2025
Revenue			3,040				2,978
Interest income			5,650				7,351
Less:
Personnel expense			11,792				10,163
External R&D expense			18,422				29,327
Manufacturing expense			7,576				5,841
Regulatory expense			702				1,017
Commercial programs			2,113				5,907
General and administrative expense			2,716				4,322
Depreciation and amortization			137				113
Segment adjusted loss before tax			(34,768	)			(46,361	)
Reconciliation to consolidated net loss
Share-based compensation expense			(18,002	)			(15,213	)
Change in fair value - derivatives			5,942				17,754
Foreign exchange gains/(losses)			(1,613	)			4,293
Income tax expense			—				—
Consolidated net loss for the period			(48,441	)			(39,527	)

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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