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Intangible assets | 12 Months Ended
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Dec. 31, 2019
Changes in intangible assets other than goodwill [abstract] |
Intangible assets | 12. Intangible asset Intangible asset as at December 31, 2019 is as follows:
|  | $ |
Cost |  |  |
Balance, December 31, 2018 |  | — |
Acquisition of Prismic Pharmaceuticals Inc. |  | 24,648,915 |
Additions |  | 389,640 |
Effects of foreign exchange |  | (186,463 | )
Balance, December 31, 2019 |  | 24,852,092 |
Accumulated amortization |  |  |
Balance, December 31, 2018 |  | — |
Amortization |  | 2,534,047 |
Effects of foreign exchange |  | (40,887 | )
Balance, December 31, 2019 |  | 2,493,160 |
Carrying value |  |  |
Balance, December 31, 2018 |  | — |
Balance, December 31, 2019 |  | 22,358,932 |
The Company acquired intellectual property as part of the acquisition of Prismic on June 28, 2019. Refer to Note 5 for additional details. The life of the intellectual property has been determined to be 5 years. Amortization of the intellectual property commenced on the date of acquisition.

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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 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS38_g118-128_TI -URIDate 2019-03-27 + Details
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