Biosergen
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Biosergen (BIOSGN) investor relations material

Biosergen Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary10 Feb, 2026

Executive summary

  • Advanced BSG005 program with focus on manufacturing readiness and regulatory progress, including a successful pre-IND meeting with the FDA providing clear guidance for next steps in clinical development.

  • Completed second cohort in proof-of-concept trial for BSG005; preparing for next phase and resumption of clinical trials in India.

  • Strengthened team with appointment of a Global Senior Project Director to support clinical trial execution.

Financial highlights

  • Operating loss for Q4 2025 was SEK -12.5 million, compared to SEK -2.3 million in Q4 2024, reflecting increased investment in clinical and regulatory activities.

  • Net loss for Q4 2025 was SEK -12.5 million (SEK -5.31 per share), compared to SEK -2.2 million (SEK -0.95 per share) in Q4 2024.

  • Cash and cash equivalents at year-end 2025 were SEK 15.4 million, down from SEK 50.6 million at year-end 2024.

  • Total assets decreased to SEK 21.1 million from SEK 53.0 million year-over-year.

  • No new share issues or financing inflows in Q4 2025; cash flow from operating activities was SEK -7.8 million.

Outlook and guidance

  • Priorities for 2026 include completing release of the new BSG005 drug batch, maintaining regulatory interactions, and resuming clinical trials in India.

  • Company is evaluating financing alternatives to secure resources for continued development amid challenging funding conditions.

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