Uncaught ReferenceError: exports is not defined when bundling a node module

I have a simple ts application that I run in the browser. To bundle the ts files I am using rollup js.
I installed diffusion package
npm install diffusion

And import the module to my ts file app.ts:

import * as diffusion from 'diffusion';
diffusion.connect({/* options */});

Now when I start the application in the browser I get the following:

diffusion.js:5 Uncaught ReferenceError: exports is not defined
    at diffusion.js:5:23

This is the line that causes the error:
Object.defineProperty(exports, "__esModule", { value: true });

The question is how to bundle a node module that uses commenJs correctly with rollup.

This is my current rollup.config.mjs file:

import { createSpaConfig } from '@open-wc/building-rollup';
import typescript from '@rollup/plugin-typescript';
import merge from 'deepmerge';
import nodeResolve from "@rollup/plugin-node-resolve";
import commonjs from "@rollup/plugin-commonjs";

const baseConfig = createSpaConfig({
  outputDir: 'dist',
  nodeResolve: { browser: true, dedupe: ['lit-html'] },
  developmentMode: process.env.ROLLUP_WATCH === 'true',
  html: {
    extractAssets: false,
    minify: false,
  },
  injectServiceWorker: false,
  legacyBuild: false,
  workbox: false,
});


export default merge(baseConfig, {
  input: 'index.html',
  plugins: [
    typescript({
      declaration: false,
      sourceMap: false,
      inlineSources: false,
      compilerOptions: {
        target: 'esnext',
      },
    }),
    nodeResolve(),
    commonjs({
      include: /node_modules/,
      sourceMap: false,
    })
  ]
});

I tried to reproduce the app here, using parcel (Unfortunately I was not able to start the app with web-dev-server and rollup inside the codesandbox.io, but I provided there the same app structure I am using locally).

Start with app.ts and rollup.config.mjs, then reproduce the browser build using the listed TypeScript, node-resolve, and commonjs plugins. Inspect the generated diffusion.js at the Object.defineProperty(exports, "__esModule", ...) line; done means the diffusion module bundles and runs in the browser without the ReferenceError.