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Heidelberg Pharma (HPHA) investor relations material
Heidelberg Pharma Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Lead ADC candidate HDP-101 advanced to ninth cohort in Phase I/IIa trial, showing strong safety and efficacy signals in relapsed/refractory multiple myeloma patients.
Strategic refocus on HDP-101 due to delayed milestone payment; 75% workforce reduction and pausing of other programs.
New clinical data for HDP-101 presented at IMS Annual Meeting, with several patients achieving partial or very good partial responses.
Financial highlights
Sales revenue for 9M 2025 was EUR 1.4 million, down from EUR 5.2 million year-over-year.
Other income rose to EUR 5.0 million (prior year: EUR 2.4 million), mainly from exchange rate gains.
Operating expenses increased to EUR 28.2 million (prior year: EUR 22.8 million), driven by higher R&D costs for HDP-101.
Net loss widened to EUR 21.1 million from EUR 14.3 million year-over-year; EPS at EUR -0.45 (prior year: EUR -0.31).
Cash at period end was EUR 22.9 million, down from EUR 36.6 million a year earlier.
Outlook and guidance
2025 sales and other income expected between EUR 7.5–9 million (previously EUR 9–11 million).
Operating expenses forecasted at EUR 36–40 million (previously EUR 40–45 million).
EBIT expected between EUR -28.5 million and EUR -31 million.
Cash requirements for 2025 estimated at EUR 14–17 million; financing secured until mid-2026.
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