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Senior secured term loan facility and warrants (Tables) | 9 Months Ended
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Sep. 30, 2023
Financial Instruments [Abstract] |
Schedule of key inputs used for valuation | The Company used an independent valuation firm to assist in calculating the fair value of the warrant obligations, using the Black-Scholes option-pricing model. Key inputs for the valuation of the warrant obligations as of September 30, 2023 and December 31, 2022 were as follows:
| As of |  | As of
| September 30, 2023 |  | December 31, 2022
Exercise price in USD | 8.30 |  |  | 8.30 |
Share price in USD | 0.90 |  |  | 3.84 |
Risk-free interest rate | 4.7 | % |  | 4.0 | %
Expected volatility | 80.8 | % |  | 80.0 | %
Expected term (months) | 46.5 months |  | 55.5 months
Dividend yield | — |  |  | — |
Black-Scholes value in USD | 0.15 |  |  | 1.89 |
Key inputs for the valuations as of August 15, 2022 was as follows: Deerfield First Tranche
| As of
| August 15, 2022 |
Exercise price at 130% of the IPO price of 19.00, in USD | 24.70 |  |
Forced conversion price, in USD | 67.93 |  |
Share price in USD | 10.33 |  |
Risk-free interest rate | 3.2 | % |
Expected volatility | 85 | % |
Expected term (months) | 32.5 |
Dividend yield | — |  |
Recovery rate | 5 | % |
Implied bond yield | 12.0 | % |
Deerfield Second Tranche
|  | As of
|  | August 15, 2022 |
Exercise price in USD |  | 28.07 |  |
Forced conversion price, in USD |  | 77.19 |  |
Share price in USD |  | 10.33 |  |
Risk-free interest rate |  | 3.2 | % |
Expected volatility |  | 85 | % |
Expected term (months) |  | 32.5 |
Dividend yield |  | — |  |
Recovery rate |  | 5 | % |
Implied bond yield |  | 12.0 | % |

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- Definition Financial Instruments [Abstract] + References No definition available. + Details
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- Definition The disclosure of significant inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value of liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93_d&doctype=Standard -URIDate 2023-03-23 + Details
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