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Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Revenue

Schedule of allocation of transaction price to the performance obligations

As of the agreement date in September 2022, we allocated the transaction price to the performance obligations described above as follows:

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	Cumulative		​	​	​
​	​	Transaction		​	Revenue		​	Contract
(in thousands)		Price			Recognized			Asset
License	​	$	50,000	​	$	15,165	​	$	—
Manufacturing technology transfer activities	​	​	2,167	​	​	2,073	​	​	—
Initial supply	​	​	3,583	​	​	—	​	​	3,309
Research activities	​	​	750	​	​	663	​	​	—
Buy-up fee	​	​	(35,000)	​	​	—	​	​	​
​	​	$	21,500	​	$	17,901	​	$	3,309

​

Schedule of changes in deferred revenue

​

​	​	​
(in thousands)	​	​
Balance at January 1, 2021	$	(6,176)
Recognized during the period	​	4,354
Foreign currency translation difference	​	295
Balance at December 31, 2021	​	(1,527)
Deferral of revenue		(35,000)
Recognized during the period		1,490
Foreign currency translation difference	​	37
Balance at December 31, 2022	$	(35,000)

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The disclosure of performance obligations in contracts with customers. [Refer: Performance obligations [member]]

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- Definition

The explanation of the significant changes in the contract assets and the contract liabilities. [Refer: Contract assets; Contract liabilities]

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