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Mendus (IMMU) investor relations material
Mendus Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Positive phase II and long-term survival data for vididencel in AML presented at ASH, supporting broad post-remission positioning and expansion into CML and ovarian cancer.
Updated clinical strategy includes new CML trials and a combination trial in AML, with first patient enrollment expected in 2026.
Large-scale GMP manufacturing established with NorthX Biologics to support late-stage development and commercialization.
Corporate reorganization and staff reduction completed to offset increased clinical trial costs and balance costs ahead of anticipated 2026 trials.
ALISON trial in ovarian cancer confirmed safety and feasibility of vididencel as a combination therapy, with positive 2-year follow-up data.
Financial highlights
Q4 net loss was SEK 38.7 million (KSEK -41,075); full-year net loss was KSEK -113,258.
Cash burn for Q4 was SEK 20.4 million; cash and cash equivalents at year-end were SEK 64.7 million (KSEK 64,656).
SEK 52.5 million raised in a directed issue, supported by main shareholders and management.
SEK 50 million loan facility secured with Fenja Capital; SEK 30 million tranche used in January.
Equity ratio remained strong at 93%.
Capital allocation and financing
Share issue and loan facility provided significant new funding.
Cash runway extends into Q1 2027 with current financing and loan facility; additional capital may be needed beyond this period.
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