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Intangible assets | 9 Months Ended
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Sep. 30, 2023
Intangible Assets [Abstract] |
Intangible assets | Intangible assets During the nine months ended September 30, 2023, the Company did not capitalize any license fees as intangible assets. During the nine months ended September 30, 2022, the Company capitalized the following milestone payments as intangible assets: •An amount of KUSD 500 paid upon the dosing of a specific number of patients in the first in-human clinical study related to an antibody the Company acquired from a third party to be used in research, development, manufacturing and commercialization. The amount was capitalized as an indefinite-lived intangible asset; and • An amount of KUSD 195 paid upon the successful completion of in-vivo efficacy studies related to a license with a third party to use their specific binding proteins in the development, manufacturing and commercialization of products. The amount was capitalized as an indefinite-lived intangible asset. During the nine months ended September 30, 2023, the Company decided to terminate three programs. Consequently, impairment charges of USD 1.9 million (corresponding to the entire carrying amount of the capitalized licenses) was recognized and charged to R&D expenses in the unaudited condensed consolidated interim statement of operations. No impairment losses were recognized during the nine months ended September 30, 2022. The Company performs an assessment at the end of each period to determine whether there is any indication that an intangible asset may be impaired. The Company identified one indicator of impairment during the nine months ended September 30, 2023. The Company evaluated further and concluded there were no impairments, other than the terminated programs. The table below provides a rollforward of the Company’s intangible assets as of September 30, 2023 and 2022.
(in KUSD) | Indefinite lived |  | Definite lived |  |
Cost | Licenses |  | Internal development costs |  | Internal development costs |  | Licenses |  | Software |  | Total
January 1, 2023 | 13,680 |  |  | — |  |  | 954 |  |  | 1,052 |  |  | 278 |  |  | 15,964 |
Additions | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | 19 |
Disposals | — |  |  | — |  |  | — |  |  | — |  |  | (53) |  |  | (53) |
Exchange differences | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |
September 30, 2023 | 13,680 |  |  | — |  |  | 954 |  |  | 1,052 |  |  | 246 |  |  | 15,932 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |
January 1, 2023 | (1,295) |  |  | — |  |  | — |  |  | (125) |  |  | (184) |  |  | (1,604) |
Amortization charge | — |  |  | — |  |  | (58) |  |  | (57) |  |  | (40) |  |  | (155) |
Impairment charge | (1,868) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,868) |
Disposals | — |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | 53 |
September 30, 2023 | (3,163) |  |  | — |  |  | (58) |  |  | (182) |  |  | (171) |  |  | (3,574) |
Net book amount as of September 30, 2023 | 10,517 |  |  | — |  |  | 896 |  |  | 870 |  |  | 75 |  |  | 12,358 |
Cost |  |  |  |  |  |  |  |  |  |  |
January 1, 2022 | 12,985 |  |  | 631 |  |  | — |  |  | 1,052 |  |  | 176 |  |  | 14,844 |
Additions | 695 |  |  | 323 |  |  | — |  |  | — |  |  | 97 |  |  | 1,115 |
Exchange differences | — |  |  | — |  |  | — |  |  | — |  |  | (17) |  |  | (17) |
September 30, 2022 | 13,680 |  |  | 954 |  |  | — |  |  | 1,052 |  |  | 256 |  |  | 15,942 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |
January 1, 2022 | (1,069) |  |  | — |  |  | — |  |  | (50) |  |  | (143) |  |  | (1,262) |
Amortization charge | — |  |  | — |  |  | — |  |  | (56) |  |  | (32) |  |  | (88) |
Exchange differences | — |  |  |  |  | — |  |  | — |  |  | 6 |  |  | 6 |
September 30, 2022 | (1,069) |  |  | — |  |  | — |  |  | (106) |  |  | (169) |  |  | (1,344) |
Net book amount as of September 30, 2022 | 12,611 |  |  | 954 |  |  | — |  |  | 946 |  |  | 87 |  |  | 14,598 |

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- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS38_g118-128_TI -URIDate 2023-03-23 + Details
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