Year Ended December 31,

2024

2023

2022

U.S dollars in thousands

Financial income:

Fair value gains on derivative financial instruments

8,228

—

13,422

Gains on extinguishment of debt obligations by transfer of the rights in Movantik

—

20,585

—

Other Income

40

210

—

Interest from bank deposits

133

94

140

8,401

20,889

13,562

Financial expenses:

Interest for lease liabilities

55

367

430

Issuance cost in respect of warrants

1,497

2,034

958

Loss from changes in exchange rates

31

115

40

Fair value loss on derivative financial instruments

—

5,569

—

Loss from modification of warrants terms as part of a new issuance, see notes 17(b) and 17(d)

—

1,459

—

Interest expenses related to borrowing and payable in respect of intangible assets purchase

—

40,903

Other

473

61

56

2,056

9,605

42,387

Financial income (expenses), net

6,345

11,284

(28,825)