Gamida Cell Reports Second Quarter 2021 Financial Results and Provides Company Update
- BLA submission for omidubicel, a potentially life-saving treatment for patients with blood cancers in need of stem cell transplant, expected in fourth quarter of 2021
- Commercial readiness activities underway to support potential launch in 2022
- Phase 1/2 clinical trial of GDA-201 in patients with follicular and diffuse large B-cell lymphomas expected to start by the end of the year
- Four new development programs announced leveraging next-generation, NAM-enabled, genetically-modified NK cells in solid tumor and hematological cancers
-
Company to host conference call at
8:00 a.m. ET today
During the quarter, the company continued to execute on plans to submit a Biologic License Application (BLA) for omidubicel, a potentially life-saving treatment for patients with blood cancers in need of stem cell transplant. This submission is expected to occur by the end of the year, subject to a pre-BLA meeting with the
“Our progress this quarter represents a major step forward for
Q2 and Recent Developments
Omidubicel: Advanced Cell Therapy
-
Continued advancement toward planned BLA submission for omidubicel to the FDA in the fourth quarter of this year. The company’s activities included CMC qualification requirements at both the Gamida–owned facility in
Israel and at Lonza, a contract manufacturing organization that will be supplying commercial material upon FDA approval. Advancements were made in analytical methods validation, analytical comparability and clinical manufacturing for Expanded Access Program patients, which are also planned to be used for clinical comparability. - Advanced launch planning activities by expanding Gamida’s commercial, operational and medical affairs teams. Conducted further market research and health economic and outcomes research (HEOR) to support planned market entry and market access activities. Readied Gamida Cell Assist, supply chain and logistics programs to facilitate positive patient and transplant center experiences at time of launch.
-
Announced that results of the international, multi-center, randomized Phase 3 clinical study of omidubicel were published in Blood, the official journal of the
American Society of Hematology . This pivotal trial compared the safety and efficacy of omidubicel to standard umbilical cord blood transplant in patients with high-risk hematologic malignancies undergoing a bone marrow transplant. The results demonstrate that transplantation with omidubicel leads to faster neutrophil and platelet recovery, and results in fewer bacterial, viral and fungal infections and less time in the hospital, compared to a standard umbilical cord blood graft.
GDA-201: NAM-Enabled NK Immunotherapy
- Prepared for filing of an Investigational New Drug (IND) application with the FDA.
- Finalized clinical study protocol and statistical plan for a planned Phase 1/2 clinical trial of allogeneic, cryopreserved GDA-201 in patients with follicular and diffuse large B-cell lymphoma.
- Conducted study start-up activities, including contract research organization (CRO) and clinical site selections.
NAM-Enabled NK Cell Pipeline Expansion
-
Advanced four new development programs that involve modifications intended to direct NK cells against specific tumor markers to improve their cancer killing capabilities against both hematological and solid tumors. Newly designated product candidates include:
- GDA-301: Knockout of CISH (cytokine inducible SH2 containing protein) in NK cells using CRISPR/Cas9 in combination with a membrane-bound IL-15/IL-15Ra. Designed to improve tumor killing by promoting activation and inhibiting negative feedback signals. Potential applications exist across a range of solid tumors and lymphoma.
- GDA-401: Undisclosed target genetically engineered to enhance NK cell survival in the solid tumor microenvironment for potential application across a broad range of solid tumors.
- GDA-501: CAR-engineered NK cells to target HER2+ solid tumors with the potential to enhance homing and activation against cancers with HER2 overexpression, including breast, ovarian, lung, bladder, gastric and others.
- GDA-601: Knockout of CD38 on NK cells to avoid fratricide by CD38 targeted antibodies in combination treatment of multiple myeloma, combined with a CD38 CAR designed to enhance killing of cancerous cells.
- Advanced additional NAM-enabled research programs targeting immunosuppressive pathways using both CRISPR/Cas9 and CAR, with potential to treat solid tumor and blood cancers.
Corporate
-
Hired
Vladimir Melnikov as Senior Vice President, Global Operations and Manufacturing. Vladimir has over 25 years of experience in the biopharmaceutical industry. He previously served as general manager at Omrix Biopharmaceuticals and biologic technical operations lead at Ethicon Biosurgery, both part of aJohnson & Johnson Company . In those roles he supervised three Israeli biotech manufacturing sites and technology transfer to external partners. Vladimir will have responsibility for the company’s Israeli manufacturing site and manufacturing partnership with Lonza. -
Hired
Josh Patterson as General Counsel, effectiveAugust 30, 2021 . Josh has over 20 years of experience as in-house legal counsel for biopharmaceutical companies. Josh will be joiningGamida Cell fromAkcea Therapeutics , a wholly owned subsidiary of Ionis Pharmaceuticals, where he is currently General Counsel. Josh will be responsible for building, leading and managing the legal function forGamida Cell .
Second Quarter 2021 Financial Results
-
Research and development expenses in the second quarter of 2021 were
$13.5 million , compared to$9.3 million for the same period in 2020. The increase was mainly due to omidubicel commercial manufacturing readiness activities, and the advancement of the GDA-201 program, including broadening scientific capabilities and talent. -
Commercial expenses in the second quarter of 2021 were
$5.2 million , compared to$1.0 million for the second quarter of 2020. The increase was mainly attributed to progress with omidubicel commercial readiness activities. -
General and administrative expenses were
$3.8 million for the second quarter of 2021, compared to$2.5 million for the same period in 2020. The increase was mainly due to the hiring of key management positions to support business growth. -
Finance income, net, was
$1.2 million for the second quarter of 2021, compared to$2.2 million for the second quarter of 2020. The increase was primarily due to non-cash income, resulting from revaluation of warrants offset by interest expenses that resulted from the$75 million convertible note financing inFebruary 2021 .
Net loss for the second quarter of 2021 was
2021 Financial Guidance
Expected 2021 Developments and Milestones
Omidubicel
- Pre-BLA meeting with FDA in the fourth quarter of 2021
- BLA submission to the FDA in the fourth quarter of 2021
- Commercial readiness activities ongoing for potential launch following approval
GDA-201
- IND submission to FDA in third quarter 2021
- Initiation of a company-sponsored Phase 1/2 clinical study in NHL before year-end 2021
NK cell pipeline expansion
- Advance pipeline of NAM-enabled, genetically-modified NK cells in solid tumor and blood cancers
Conference Call Information
About Omidubicel
Omidubicel is an advanced cell therapy under development as a potentially life-saving1 allogeneic hematopoietic stem cell (bone marrow) transplant solution for patients with hematologic malignancies (blood cancers). In both Phase 1/2 and Phase 3 clinical studies (NCT01816230, NCT02730299), omidubicel demonstrated rapid and durable time to engraftment and was generally well tolerated.2,3 Omidubicel is also being evaluated in a Phase 1/2 clinical study in patients with severe aplastic anemia (NCT03173937). The aplastic anemia investigational new drug application is currently filed with the FDA under the brand name CordIn®, which is the same investigational development candidate as omidubicel. For more information on clinical trials of omidubicel, please visit www.gamida-cell.com.
Omidubicel is an investigational therapy, and its safety and efficacy have not been established by the FDA or any other health authority.
About GDA-201
GDA-201 is an investigational therapy, and its safety and efficacy have not been established by the FDA or any other health authority.
About
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including with respect to timing of initiation and progress of, and data reported from, the clinical trials of Gamida Cell’s product candidates, anticipated regulatory filings (including the submission of the BLA for omidubicel to the FDA), commercialization planning efforts, the potentially life-saving or curative therapeutic and commercial potential of omidubicel, and Gamida Cell’s expectations regarding its projected cash to be used for operating activities and cash runway. Any statement describing Gamida Cell’s goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to a number of risks, uncertainties and assumptions, including those related to the impact that the COVID-19 pandemic could have on our business, and including the scope, progress and expansion of Gamida Cell’s clinical trials and ramifications for the cost thereof; clinical, scientific, regulatory and technical developments; and those inherent in the process of developing and commercializing product candidates that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such product candidates. In light of these risks and uncertainties, and other risks and uncertainties that are described in the Risk Factors section and other sections of Gamida Cell’s Annual Report on Form 20-F, filed with the
___________________
1 Gragert et al. HLA Match Likelihoods for Hematopoietic Stem-Cell Grafts in the
2 Horwitz M.E., Wease S., Blackwell B., Valcarcel D. et al. Phase I/II study of stem-cell transplantation using a single cord blood unit expanded ex vivo with nicotinamide. J Clin Oncol. 2019 Feb 10;37(5):367-374.
3 Horwitz M.E., et al. Blood. 2021 Jun 22;blood.2021011719. doi: 10.1182/blood.2021011719. Online ahead of print.
4 Bachanova et al. ASH 2020 abstract
INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION |
||||||||||||
|
||||||||||||
|
|
|
|
|
||||||||
|
|
2021 |
|
2020 |
|
2020 |
||||||
|
|
Unaudited |
|
|
||||||||
|
|
|
|
|
|
|
||||||
ASSETS |
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
||||||
CURRENT ASSETS: |
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
||||||
Cash and cash equivalents |
|
$ |
100,490 |
|
|
$ |
88,638 |
|
|
$ |
127,170 |
|
Marketable securities |
|
|
49,702 |
|
|
|
- |
|
|
|
- |
|
Prepaid expenses and other current assets |
|
|
3,730 |
|
|
|
2,241 |
|
|
|
2,815 |
|
|
|
|
|
|
|
|
||||||
Total current assets |
|
|
153,922 |
|
|
|
90,879 |
|
|
|
129,985 |
|
|
|
|
|
|
|
|
||||||
NON-CURRENT ASSETS: |
|
|
|
|
|
|
||||||
Property, plant and equipment, net |
|
|
25,607 |
|
|
|
14,204 |
|
|
|
18,238 |
|
Right-of-use assets |
|
|
5,404 |
|
|
|
7,490 |
|
|
|
6,474 |
|
Other assets |
|
|
1,787 |
|
|
|
642 |
|
|
|
786 |
|
|
|
|
|
|
|
|
||||||
Total non-current assets |
|
|
32,798 |
|
|
|
22,336 |
|
|
|
25,498 |
|
|
|
|
|
|
|
|
||||||
Total assets |
|
$ |
186,720 |
|
|
$ |
113,215 |
|
|
$ |
155,483 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
||||||
CURRENT LIABILITIES: |
|
|
|
|
|
|
||||||
Trade payables |
|
$ |
5,435 |
|
|
$ |
2,738 |
|
|
$ |
6,329 |
|
Employees and payroll accruals |
|
|
4,796 |
|
|
|
3,187 |
|
|
|
4,705 |
|
Current maturities of lease liabilities |
|
|
1,937 |
|
|
|
2,145 |
|
|
|
2,532 |
|
Accrued interest |
|
|
1,618 |
|
|
|
- |
|
|
|
- |
|
Accrued expenses and other payables |
|
|
8,839 |
|
|
|
5,509 |
|
|
|
7,988 |
|
|
|
|
|
|
|
|
||||||
Total current liabilities |
|
|
22,625 |
|
|
|
13,579 |
|
|
|
21,554 |
|
|
|
|
|
|
|
|
||||||
NON-CURRENT LIABILITIES: |
|
|
|
|
|
|
||||||
Liabilities presented at fair value |
|
|
6,233 |
|
|
|
4,551 |
|
|
|
12,043 |
|
Employee benefit liabilities, net |
|
|
768 |
|
|
|
773 |
|
|
|
768 |
|
Other long-term liabilities |
|
|
4,839 |
|
|
|
5,946 |
|
|
|
5,378 |
|
Liability to |
|
|
19,146 |
|
|
|
13,816 |
|
|
|
17,003 |
|
Convertible senior notes, net |
|
|
69,025 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
||||||
Total non-current liabilities |
|
|
100,011 |
|
|
|
25,086 |
|
|
|
35,192 |
|
|
|
|
|
|
|
|
||||||
SHAREHOLDERS' EQUITY: |
|
|
|
|
|
|
||||||
Share capital |
|
|
167 |
|
|
|
137 |
|
|
|
166 |
|
Share premium |
|
|
379,981 |
|
|
|
304,175 |
|
|
|
375,280 |
|
Capital reserve |
|
|
(441 |
) |
|
|
(541 |
) |
|
|
(441 |
) |
Reserve from financial assets measured at FVOCI |
|
|
(25 |
) |
|
|
- |
|
|
|
- |
|
Accumulated deficit |
|
|
(315,598 |
) |
|
|
(229,221 |
) |
|
|
(276,268 |
) |
|
|
|
|
|
|
|
||||||
Total shareholders' equity |
|
|
64,084 |
|
|
|
74,550 |
|
|
|
98,737 |
|
|
|
|
|
|
|
|
||||||
Total liabilities and shareholders' equity |
|
$ |
186,720 |
|
|
$ |
113,215 |
|
|
$ |
155,483 |
|
INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS |
||||||||||||||||||||
|
||||||||||||||||||||
|
|
Six months ended
|
|
Three months ended
|
|
Year ended
|
||||||||||||||
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
2020 |
||||||||||
|
|
Unaudited |
|
Unaudited |
|
|
||||||||||||||
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Research and development, net |
|
$ |
24,817 |
|
|
$ |
17,198 |
|
|
$ |
13,451 |
|
|
$ |
9,319 |
|
|
$ |
41,385 |
|
Commercial activities |
|
|
9,660 |
|
|
|
2,497 |
|
|
|
5,230 |
|
|
|
1,029 |
|
|
|
8,748 |
|
General and administrative |
|
|
7,230 |
|
|
|
5,490 |
|
|
|
3,817 |
|
|
|
2,496 |
|
|
|
12,167 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating loss |
|
|
41,707 |
|
|
|
25,185 |
|
|
|
22,498 |
|
|
|
12,844 |
|
|
|
62,300 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Finance expense |
|
|
4,150 |
|
|
|
1,366 |
|
|
|
2,594 |
|
|
|
2,320 |
|
|
|
10,640 |
|
Finance income |
|
|
(6,080 |
) |
|
|
(894 |
) |
|
|
(3,801 |
) |
|
|
(109 |
) |
|
|
(236 |
) |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Loss before tax benefit |
|
|
39,777 |
|
|
|
25,657 |
|
|
|
21,291 |
|
|
|
15,055 |
|
|
|
72,704 |
|
Tax benefit |
|
|
(447 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net loss |
|
|
39,330 |
|
|
|
25,657 |
|
|
|
21,291 |
|
|
|
15,055 |
|
|
|
72,704 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net loss per share: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Basic loss per share |
|
$ |
0.66 |
|
|
$ |
0.69 |
|
|
$ |
0.36 |
|
|
$ |
0.37 |
|
|
$ |
1.66 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Diluted loss per share |
|
$ |
0.76 |
|
|
$ |
0.69 |
|
|
$ |
0.42 |
|
|
$ |
0.37 |
|
|
$ |
1.66 |
|
Weighted average share count |
|
59,725,076 |
|
|
37,141,582 |
|
|
59,336,633 |
|
|
49,589,719 |
|
|
43,725,584 |
|
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS |
||||||||||||||||||||
|
||||||||||||||||||||
|
Six months ended
|
Three months ended
|
Year ended
|
|||||||||||||||||
|
2021 |
2020 |
2021 |
2020 |
2020 |
|||||||||||||||
|
Unaudited |
Unaudited |
|
|||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Cash flows from operating activities: |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Net loss |
$ |
(39,330 |
) |
$ |
(25,657 |
) |
$ |
(21,291 |
) |
$ |
(15,055 |
) |
$ |
(72,704 |
) |
|||||
Adjustments to reconcile net loss to net cash used in operating activities: |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Adjustments to the profit or loss items: |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Depreciation of property, plant and equipment and right-of-use assets |
|
1,277 |
|
|
1,106 |
|
|
642 |
|
|
556 |
|
|
2,397 |
|
|||||
Financial (income) expense, net |
|
1,007 |
|
|
(260 |
) |
|
522 |
|
|
(128 |
) |
|
483 |
|
|||||
Share-based compensation |
|
2,463 |
|
|
1,221 |
|
|
1,449 |
|
|
322 |
|
|
2,864 |
|
|||||
Change in employee benefit liabilities, net |
|
- |
|
|
- |
|
|
|
- |
|
|
94 |
|
|||||||
Amortization of premium on available-for-sale financial assets |
|
- |
|
|
4 |
|
|
|
- |
|
|
4 |
|
|||||||
Revaluation of liabilities presented at fair value derivatives |
|
(5,810 |
) |
|
(670 |
) |
|
(3,525 |
) |
|
1,778 |
|
|
6,822 |
|
|||||
Revaluation of liability to IIA |
|
1,858 |
|
|
1,315 |
|
|
832 |
|
|
593 |
|
|
4,302 |
|
|||||
Deferred income taxes |
|
(447 |
) |
|
- |
|
|
|
- |
|
|
- |
|
|||||||
|
|
|
|
|
|
|||||||||||||||
|
|
348 |
|
|
2,716 |
|
|
(80 |
) |
|
3,121 |
|
|
16,966 |
|
|||||
Changes in asset and liability items: |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Decrease (increase) in prepaid expenses, other current assets, and other assets |
|
68 |
|
|
(1,065 |
) |
|
591 |
|
|
(607 |
) |
|
(1,626 |
) |
|||||
Increase (decrease) in trade payables |
|
(893 |
) |
|
1,574 |
|
|
(1,768 |
) |
|
(360 |
) |
|
5,083 |
|
|||||
Increase (decrease) in accrued expenses and other payables |
|
(201 |
) |
|
(624 |
) |
|
2,523 |
|
|
2,472 |
|
|
3,454 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
|
|
(1,026 |
) |
|
(115 |
) |
|
1,346 |
|
|
1,505 |
|
|
6,911 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
Cash received during the period for: |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Interest received |
|
268 |
|
|
357 |
|
|
268 |
|
|
9 |
|
|
361 |
|
|||||
Interest paid |
|
(85 |
) |
|
(80 |
) |
|
(34 |
) |
|
(33 |
) |
|
(161 |
) |
|||||
|
|
|
|
|
|
|||||||||||||||
Net cash used in operating activities |
|
(39,825 |
) |
|
(22,779 |
) |
|
(19,791 |
) |
|
(10,453 |
) |
|
(48,627 |
) |
|||||
|
|
|
|
|
|
|||||||||||||||
Cash flows from investing activities: |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Purchase of property, plant and equipment |
|
(5,390 |
) |
|
(7,109 |
) |
|
(2,584 |
) |
|
(4,990 |
) |
|
(11,804 |
) |
|||||
Investment in long term deposit |
|
(1,000 |
) |
|
- |
|
|
(1,000 |
) |
|
- |
|
|
- |
|
|||||
Purchase of marketable securities |
|
(68,151 |
) |
|
- |
|
|
(68,151 |
) |
|
- |
|
|
- |
|
|||||
Proceeds from maturity of marketable securities |
|
17,824 |
|
|
- |
|
|
17,824 |
|
|
- |
|
|
(158 |
) |
|||||
Proceeds from sale of marketable securities |
|
- |
|
|
13,551 |
|
|
- |
|
|
- |
|
|
13,551 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
Net cash provided by (used in) investing activities |
$ |
(56,717 |
) |
$ |
6,442 |
|
$ |
(53,911 |
) |
$ |
(4,990 |
) |
$ |
1,589 |
|
|||||
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS |
||||||||||||||||||||
|
||||||||||||||||||||
|
|
Six months ended
|
|
Three months ended
|
|
Year ended
|
||||||||||||||
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
2020 |
||||||||||
|
|
Unaudited |
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Proceeds from secondary offering, net |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
133,316 |
|
Receipt of grants from the IIA |
|
|
52 |
|
|
|
200 |
|
|
|
- |
|
|
|
147 |
|
|
|
399 |
|
Proceeds from secondary offering, net |
|
|
- |
|
|
|
63,860 |
|
|
|
- |
|
|
|
63,860 |
|
|
|
- |
|
Proceeds from issuance of convertible senior notes, net of issuance costs |
|
|
70,777 |
|
|
|
- |
|
|
|
(235 |
) |
|
|
|
|
- |
|
||
Payment of lease liabilities |
|
|
(1,129 |
) |
|
|
(1,122 |
) |
|
|
(465 |
) |
|
|
(335 |
) |
|
|
(1,985 |
) |
Exercise of options |
|
|
556 |
|
|
|
147 |
|
|
|
54 |
|
|
|
141 |
|
|
|
650 |
|
Payment of issuance costs related to public offering |
|
|
(468 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net cash (used in) provided by financing activities |
|
|
69,788 |
|
|
|
63,085 |
|
|
|
(646 |
) |
|
|
63,813 |
|
|
|
132,380 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Exchange differences on balances of cash and cash equivalents |
|
|
74 |
|
|
|
52 |
|
|
|
40 |
|
|
|
(24 |
) |
|
|
(10 |
) |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Increase (decrease) in cash and cash equivalents |
|
|
(26,680 |
) |
|
|
46,800 |
|
|
|
(74,308 |
) |
|
|
48,346 |
|
|
|
85,332 |
|
Cash and cash equivalents at beginning of period |
|
|
127,170 |
|
|
|
41,838 |
|
|
|
174,798 |
|
|
|
40,292 |
|
|
|
41,838 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Cash and cash equivalents at end of period |
|
$ |
100,490 |
|
|
$ |
88,638 |
|
|
$ |
100,490 |
|
|
$ |
88,638 |
|
|
$ |
127,170 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Supplemental disclosure of non-cash financing activities: |
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Significant non-cash transactions: |
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Lease liabilities arising from new right-of-use asset |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,409 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
IIA liability for grants to be received |
|
$ |
656 |
|
|
$ |
- |
|
|
$ |
607 |
|
|
$ |
- |
|
|
$ |
103 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Issuance expenses on credit |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
468 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Purchase of property, plant and equipment on credit |
|
$ |
1,563 |
|
|
$ |
960 |
|
|
$ |
1,563 |
|
|
$ |
960 |
|
|
$ |
415 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Borrowing costs capitalization |
|
$ |
574 |
|
|
$ |
- |
|
|
$ |
574 |
|
|
$ |
- |
|
|
$ |
- |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20210811005275/en/
For investors:
Stern Investor Relations, Inc.
stephanie.ascher@sternir.com
1-212-362-1200
For media:
Ten
rhiannon@tenbridgecommunications.com
1-978-417-1946
Source: