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Cantargia (CANTA) investor relations material
Cantargia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary19 Nov, 2025
Executive summary
Achieved first-ever revenue and profit, driven by a transformative Otsuka deal for CAN10, providing $33M upfront, up to $613M in milestones, and double-digit royalties, validating the IL1RAP platform and enabling significant financial flexibility.
Nadunolimab demonstrated promising efficacy and safety in PDAC, especially in high IL1RAP-expressing patients, with pivotal trial readiness and Fast Track/Orphan Drug designations.
Leadership changes included the appointment of a new CEO and CMO, both with extensive industry experience.
Financial highlights
Q3 2025 revenue: SEK 308.7M, operating profit: SEK 267M, net profit: SEK 265.5M, EPS: 1.07 SEK; year-to-date revenue: SEK 308.7M, operating expenses: SEK 126.2M, net profit: SEK 179.3M, EPS: 0.72 SEK.
End-of-September available funds totaled SEK 339M, supporting operations into 2028.
Administrative costs increased due to one-off transaction and leadership transformation expenses.
Outlook and guidance
Cash runway extends into 2028, excluding costs for the pivotal PDAC program and potential Otsuka milestones.
Pivotal trial for nadunolimab in PDAC planned for mid-2026, pending funding and regulatory approval; IL1RAP assay clearance targeted for mid-2026 (FDA) and 2H26 (EMA); CAN14 candidate selection by year-end 2026.
Ongoing exploration of funding options, including partnerships, for future studies.
Funding strategy for PDAC Phase 3 study
Next steps for nadunolimab in TNBC
Prioritize next-gen IL1RAP assets
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Frequently asked questions
Cantargia AB, a biotechnology company, engages in the research and development of antibody-based treatments for life threatening diseases. Its lead product is CAN04, an antibody directed the interleukin-1 receptor accessory protein that targets cancer cells that express IL1RAP on their surface; and CAN04 is currently being developed in two clinical programs, one focusing on treatment of lung cancer and another on treatment of pancreatic cancer. Cantargia AB was founded in 2010 and is based in Lund, Sweden.
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