Active Biotech
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Active Biotech (ACTI) investor relations material

Active Biotech Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary20 Aug, 2026

Executive summary

  • Advanced clinical development of tasquinimod in myelofibrosis, with resumed patient enrollment in Europe and expanded US collaborations.

  • Laquinimod program strengthened by LION study results and ongoing strategic partnering discussions for ophthalmology indications.

  • Naptumomab, partnered with NeoTX, continues in phase Ib/II trials for solid tumors, showing promising safety and efficacy signals.

Financial highlights

  • No net sales recorded for Q2 or H1 2026.

  • Operating loss for Q2 2026 was SEK -10.2M (Q2 2025: -11.3M); H1 2026 operating loss was SEK -18.8M (H1 2025: -22.5M).

  • Loss after tax for Q2 2026 was SEK -10.1M (Q2 2025: -11.2M); H1 2026 loss after tax was SEK -18.4M (H1 2025: -22.2M).

  • Cash and cash equivalents at June 30, 2026, were SEK 43.9M (Dec 31, 2025: SEK 65.1M).

  • Research and development expenses decreased 20% year-over-year for H1 2026, reflecting lower costs as the LION study concluded.

Outlook and guidance

  • Focus remains on advancing tasquinimod clinical studies in myelofibrosis and securing a partner for laquinimod.

  • Available liquidity expected to fund operations through 2026 and into Q4 2027.

  • Ongoing evaluation of alternative financing sources, including partnerships.

  • First interim analyses for tasquinimod studies anticipated in Q1 2027.

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