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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (21,208) $ (13,827)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 4,138 2,576
Depreciation 64 82
Amortization of intangible assets 216 171
Amortization of operating lease right-of-use assets 252 245
Change in fair value of warrants 517 (440)
Non-cash interest expense 615 941
Non-cash interest income 0 (103)
Foreign currency transaction (gain)/loss (644) 2,010
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 644 (6,108)
Research and development incentives receivable (847) (1,924)
Accounts payable 368 (1,494)
Accrued expenses and other liabilities 306 1,149
Operating lease liabilities (316) (280)
Net cash used in operating activities (15,895) (17,002)
Cash flows from investing activities    
Purchase of intangible assets (699) (419)
Net cash used in investing activities (699) (419)
Cash flows from financing activities    
Proceeds from financing agreement with TAP 0 100
Proceeds from issuance of ordinary shares 47,000 0
Transaction costs on issuance of ordinary shares (219) 0
Transaction costs on convertible loan notes 0 (33)
Net cash provided by financing activities 46,781 67
Increase/(decrease) in cash and cash equivalents 30,187 (17,354)
Cash and cash equivalents at January 1 57,421 68,182
Effect of exchange rate changes (177) 2,139
Cash and cash equivalents at June 30 87,431 52,967
Supplemental disclosure    
Cash paid for interest 10 863
Cash paid for income taxes 0 37
Cash paid for the amounts included in the measurement of operating lease liabilities 387 377
Supplemental disclosure of non-cash investing and financing activities    
Issuance of ordinary shares - transaction costs not yet paid $ 804 $ 0