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Immunovia (IMMNOV) investor relations material
Immunovia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transitioned from development to commercial stage with the U.S. launch of PancreaSure, a non-invasive blood test for early pancreatic cancer detection, with initial adoption at 10 leading high-risk surveillance centers and strong advocacy from key opinion leaders.
Launch strategy focused on targeted, low-cost advocacy among key opinion leaders and high-risk centers, with phased commercial investment tied to reimbursement milestones.
Clinical studies, including AFFIRM and CLARITY, demonstrated high sensitivity and specificity, supporting PancreaSure's value in early detection.
Received CAP accreditation for the North Carolina laboratory, confirming high operational standards.
Financial highlights
Q3 2025 net sales were SEK 101,000, primarily from royalty revenue, with PancreaSure test sales expected to impact revenue from Q4 2025.
Operating loss for Q3 2025 was SEK 25.1 million, down from SEK 31.2 million year-over-year.
Cash burn reduced to SEK 5.4 million per month, below previous guidance of SEK 8-10 million.
Ended Q3 with SEK 26.6 million in cash, supported by a 19.0 MSEK bridge loan.
Rights issue post-quarter raised just under SEK 70 million net, with total gross proceeds of up to SEK 100.2 million, extending cash runway into Q3 2026.
Outlook and guidance
Commercial investment will increase as reimbursement milestones are achieved, with significant revenue expected in 2026 and beyond.
Cash position expected to fund operations and clinical studies into Q3 2026.
Expense and cash burn guidance remains at SEK 8-10 million per month, with R&D costs managed within this range.
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