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Consolidated Statements of Comprehensive Income/(Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Profit or loss [abstract]      
Contract revenue $ 2,090 $ 9,979 $ 8,341
Grant revenue 13,528 7,409 3,427
Total revenue 15,618 17,388 11,768
Operating expenses:      
General and administrative expenses (60,991) (57,199) (49,440)
Research and development expenses (152,433) (110,471) (81,859)
Operating income/(loss) (197,807) (150,282) (119,531)
Other income/(expense):      
Gain on deconsolidation of subsidiary 27,251 0 0
Gain/(loss) on investment held at fair value (32,060) 179,316 232,674
Realized loss on sale of investments (29,303) (20,925) (54,976)
Other income/(expense) 8,131 1,592 1,035
Other income/(expense) (25,981) 159,983 178,732
Finance income/(costs):      
Finance income 5,799 214 1,183
Finance costs – contractual (3,939) (4,771) (2,946)
Finance income/(costs) – fair value accounting 137,063 9,606 (4,351)
Net finance income/(costs) 138,924 5,050 (6,115)
Share of net loss of associates accounted for using the equity method (27,749) (73,703) (34,117)
Gain on dilution of ownership interest in associate 28,220 0 0
Impairment of investment in associate (8,390) 0 0
Income/(loss) before taxes (92,783) (58,953) 18,969
Taxation 55,719 (3,756) (14,401)
Income/(Loss) for the year (37,065) (62,709) 4,568
Other comprehensive income/(loss):      
Equity-accounted associate – share of other comprehensive income (loss) (166) 0 469
Reclassification of foreign currency differences on dilution of interest (213) 0 0
Total other comprehensive income/(loss) (379) 0 469
Total comprehensive income/(loss) for the year (37,444) (62,709) 5,037
Income/(loss) attributable to:      
Owners of the Company (50,354) (60,558) 5,985
Non-controlling interests 13,290 (2,151) (1,417)
Comprehensive income/(loss) attributable to:      
Owners of the Company (50,733) (60,558) 6,454
Non-controlling interests $ 13,290 $ (2,151) $ (1,417)
Earnings/(loss) per share:      
Basic earnings/ (loss) per share (in dollars per share) $ (0.18) $ (0.21) $ 0.02
Diluted earnings/ (loss) per share (in dollars per share) $ (0.18) $ (0.21) $ 0.02