Without the red key, it is a lost cause. To replace the red key you need a new module or cylinder and dealer to sync the thing to the bike ecu. I haven't seen non dealer diagnostic ability that can do keys as obd2 automobile stuff can.
Most of us are in North America and only EU has the immobilizer system so beyond the red (master) key/black (user) key, I can't say. However I know if the ecu is flashable with ftune or woolich software one can flash the US version to remove the immobilizer code.
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