v3.26.1
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
STOCK-BASED COMPENSATION [Abstract]  
Components and Classification of Stock-Based Compensation Expense
The following table presents the components and classification of stock-based compensation expense recognized for stock options, share price performance (“SPP”) rights, cash incentive units (“CIUs”), restricted stock units (“RSUs”) and shares of Common Stock issued to employees and directors:
 
                     
 
Three months ended June 30,  
Six months ended June 30,  
(in thousands)
  2026
$ 		    2025
$ 		    2026
$ 		    2025
$ 		 
Equity-settled stock-based payments (including stock options and RSUs)
  2,116    1,541    3,932    3,244 
Cash-settled stock-based payments (including SPP rights and CIUs)
  1,861    44    1,966    (98) 
Total stock-based compensation expense
  3,977    1,585    5,898    3,146 
Classification of stock-based compensation expense
                   
Cost of products sold
  2    12    3    13 
Research and development expense
  2,370    928    2,988    1,543 
Selling, general and administrative expense
  1,605    645    2,907    1,590 
Total stock-based compensation expense
  3,977    1,585    5,898    3,146 
Employee Options [Member]  
STOCK-BASED COMPENSATION [Abstract]  
Weighted Average Inputs
The following table provides the weighted average fair value of options granted to employees during the periods indicated and the related weighted average inputs (based on number of options granted) used in the Black-Scholes model. No stock options were granted during the three and six months ended June 30, 2025.
 
         
    Three months ended
   June 30, 2026 		    Six months ended
   June 30, 2026 		 
Quantity granted during the period
  503,150    503,150 
Weighted average fair value per option at grant date
 $5.76   $5.76 
Assumptions used:
         
Share price at grant date  $8.77   $8.77 
Exercise price  $8.77   $8.77 
Expected volatility   70%   70%
Expected life range
   5.5 – 6.5 years      5.5 – 6.5 years  
Expected dividends
   Nil      Nil  
Risk-free interest rate range
   4.19% – 4.26%      4.19% – 4.26%  
Share Price Performance Rights [Member]  
STOCK-BASED COMPENSATION [Abstract]  
Weighted Average Inputs
The inputs used in the measurement of the fair values at reporting date of the SPP rights were as follows:
 
         
Service-based SPP
  June 30, 2026     December 31, 2025  
Weighted average fair value per SPP
 $0.25   $0.10 
Share price at measurement date
 $9.85   $4.99 
Base price
 $15.28   $15.28 
Expected volatility (weighted average)
  80.0%   77.5%
Expected life (weighted average)
   0.2 years      0.7 years  
Risk-free interest rate (based on government bonds)
  3.87%   3.54%
 
         
Service- and performance-based SPP
  June 30, 2026     December 31, 2025  
Weighted average fair value per SPP
 $3.20   $0.49 
Share price at measurement date
 $9.85   $4.99 
Base price
 $15.28   $15.28 
Expected volatility (weighted average)
  75.0%   72.3%
Expected life (weighted average)
   2.2 years      1.7 years  
Risk-free interest rate (based on government bonds)
  4.14%   3.47%