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Saniona (SANION) investor relations material
Saniona Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved two major partnerships within a year, including a transformative licensing deal with Jazz Pharmaceuticals for SAN2355 in epilepsy, securing a $42.5M upfront payment and potential milestones up to $992.5M.
Strengthened financial position through TO4 warrant exercise (SEK 111.3M), Jazz and Acadia deals, and acquisition of headquarters for long-term stability.
Internal pipeline advanced, with SAN2219 and SAN2465 progressing toward Phase 1, and Tesofensine regulatory review ongoing in Mexico.
Financial highlights
Q2 2025 revenue was SEK 9.3M (up from SEK 8.0M YoY); H1 2025 revenue SEK 19.1M (up from SEK 14.1M YoY).
Q2 operating loss widened to SEK -25.9M (from SEK -16.0M YoY); H1 operating loss SEK -42.4M (from SEK -29.7M YoY).
H1 net loss narrowed to SEK -3.3M (from SEK -29.0M YoY), aided by a SEK 33.6M fair value gain on TO4 warrants.
Cash and cash equivalents at period end: SEK 308.2M (up from SEK 54.4M YoY).
Equity ratio improved to 84% (from 7% YoY); equity at SEK 356.3M.
Outlook and guidance
Focused on advancing internal pipeline (SAN2219, SAN2465, AN2668) into Phase 1/2 trials over the next 2–3 years, funded by recent deals.
Jazz and Acadia partnerships provide non-dilutive capital and validate R&D approach; further partnerships may be pursued.
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