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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 blood test for early pancreatic cancer detection, achieving early adoption at 10 leading high-risk surveillance centers and strong advocacy from key opinion leaders.
PancreaSure demonstrated high accuracy in clinical validation, detecting 87.9% of late-stage pancreatic cancers with 97.7% specificity.
Received CAP accreditation for the North Carolina laboratory, confirming high operational standards.
Focused on a targeted, low-cost launch to build advocacy before scaling up commercial investment.
Financial highlights
Q3 net sales were SEK 101,000, primarily from royalty revenue, with PancreaSure test sales expected to impact revenue from Q4.
Operating loss for Q3 was SEK 25.1 million, down from SEK 31.2 million year-over-year.
Net loss for Q3 was SEK 29.7 million, compared to SEK 51.1 million in Q3 2024.
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 bridge loan and a successful rights issue post-quarter, raising 90.3 MSEK net.
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 into Q3 2026.
Expense and cash burn guidance remains at SEK 8-10 million per month, with R&D costs managed within this range.
Focus for 2026 is on expanding commercial reach and generating clinical utility data to secure payer reimbursement.
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