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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Income (loss) $ (8,268) $ 23,916 $ (71,669)
Adjustments in respect of income and expenses not involving cash flow:      
Share-based compensation to employees and service providers 665 1,647 5,675
Depreciation 588 1,445 2,136
Amortization of intangible assets 31 545 6,018
Gains from the transfer of rights in Movantik and extinguishment of debt obligations, see below   (56,082)  
Gains from early termination of leases, and impairment of fixed assets, net (22) (543)  
Non-cash expenses related to borrowing and payable in respect of intangible assets purchase     33,151
Loss from global termination agreement (See note 15(6)(b)) and below 2,359    
Fair value (gains) losses on derivative financial instruments, recognition of day 1 loss and changes in royalty obligation (8,268) 5,359 (13,422)
Loss from modification of warrants terms as part of a new issuance, see notes 17(d) and 17(f)   1,459  
Issuance costs in respect of warrants 1,497 2,034 958
Exchange differences and revaluation of bank deposit (4) 19 (40)
Total adjustments in respect of income and expenses not involving cash flow (3,154) (44,117) 34,476
Changes in assets and liability items:      
Decrease (increase) in trade receivables 52 31,930 (2,845)
Decrease in prepaid expenses and other receivables 1,697 1,586 274
Decrease in inventories 738 2,387 3,801
Decrease in accounts payable (2,110) (952) (7,434)
Decrease in accrued expenses and other liabilities 3,042 (13,354) (2,947)
Increase (decrease) in allowance for deductions from revenue (1,366) (37,216) 17,159
Total changes in assets and liability items 2,053 (15,619) 8,008
Net cash used in operating activities (9,369) (35,820) (29,185)
INVESTING ACTIVITIES:      
Purchase of fixed assets (9) (11) (198)
Change in investment in current bank deposits   15 8,500
Net cash provided by (used in) investing activities (9) 4 8,302
FINANCING ACTIVITIES:      
Proceeds from issuance of ordinary shares and warrants, net of issuance costs 8,263 13,959 23,806
Repayment of payable in respect of intangible asset purchase   (6,555) (10,878)
Decrease in restricted cash 790 15,210  
Payment of principal with respect to lease liabilities (636) (1,175) (1,475)
Net cash provided by financing activities 8,417 21,439 11,453
DECREASE IN CASH AND CASH EQUIVALENTS (961) (14,377) (9,430)
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 9 (22) (76)
BALANCE OF CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD 5,569 19,968 29,474
BALANCE OF CASH AND CASH EQUIVALENTS AT THE END OF PERIOD 4,617 5,569 19,968
SUPPLEMENTARY INFORMATION ON INTEREST RECEIVED IN CASH 131 138 84
SUPPLEMENTARY INFORMATION ON INTEREST PAID IN CASH 55 367 8,182
Acquisition of right-of-use assets by means of lease liabilities   270 5,590
Decrease in lease liability (with corresponding decrease in right of use asset in amount of $166 in 2024, and $4,697 in 2023) resulting from early termination of lease. $ 188 5,413 $ 587
Decrease in Intangible asset   (59,503)  
Decrease in Inventories   (4,233)  
Decrease in Payable in respect of Intangible asset   4,602  
Decrease in Borrowing   115,216  
Gains from the transfer of the rights in Movantik and extinguishment of debt obligations   $ 56,082