Benefit from R&D Credit |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Benefit from Research and Development Credit [Abstract] | |
Benefit from R&D Credit | 8. Benefit from R&D creditAn additional $2.4 million was recognized in respect of research and development tax credits in the three months ended June 30, 2025 (three months ended June 30, 2024: $2.7 million). An additional $5.1 million was recognized in respect of research and development tax credits in the six months ended June 30, 2025 (six months ended June 30, 2024: $5.2 million). The current assets at June 30, 2025, was $20.0 million, comprised of $5.1 million in respect of research and development activities for the six months ended June 30, 2025, and $14.9 million in respect of the year ended December 31, 2024. In the six months ended, June 30, 2025, the Group received $11.0 million related to the receipt of the 2023 claim for past research and development tax credits. |