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IRLAB Therapeutics (IRLAB) investor relations material

IRLAB Therapeutics Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary29 Oct, 2025

Executive summary

  • Submitted clinical trial application for IRL757 in Parkinson's disease and apathy to EMA; patient recruitment expected by end of 2025; received additional $4 million for IRL757 study from MSRD.

  • Rights issue completed, raising SEK 115.7 million, providing capital for IRL1117 and pirepemat development.

  • New patent for mesdopetam granted in China, securing market exclusivity in major markets until mid-2040s.

  • Gustaf Albert appointed as new CFO, effective November 17.

Financial highlights

  • Cash and cash equivalents at period end: SEK 110.1 million (Q3 2025), up from SEK 90.4 million year-over-year.

  • Net sales for Jan–Sep 2025: SEK 42.7 million, down from SEK 51.8 million year-over-year.

  • Operating loss for Jan–Sep 2025: SEK -71.5 million, nearly flat year-over-year.

  • Earnings per share before and after dilution: SEK -1.42 (vs. SEK -1.50 prior year).

  • R&D costs: SEK 99.8 million, representing 83% of total operating expenses.

Outlook and guidance

  • Focus on advancing IRL757 study, maintaining cost control, and retaining organizational competence.

  • Phase Ib study for IRL757 expected to begin patient recruitment by end of 2025, pending EMA approval.

  • Key milestones in next 12-18 months: Mesdopetam Phase III initiation, Pirepemat dose optimization, IRL757 Phase Ib start, and Phase I readiness for IRL942 and IRL1117.

  • Ongoing efforts to secure out-licensing or partnership for mesdopetam.

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Frequently asked questions

IRLAB Therapeutics AB is a research and development company developing drugs for the treatment of Parkinson's disease. IRLAB develops drugs that can stop or slow down the loss of neurons in the substantia nigra, where dopamine is produced. In Parkinson's disease, loss of these neurons leads to a gradual degeneration of the motor functions. These drugs will improve symptoms without dramatically increasing the risk of side effects.

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