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Savara (SVRA) investor relations material

Savara H.C. Wainwright 4th Annual BioConnect Investor Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H.C. Wainwright 4th Annual BioConnect Investor Conference summary19 May, 2026

Company and product overview

  • Currently developing MOLBREEVI, an inhaled GM-CSF therapy for autoimmune PAP, with a PDUFA date set for November 22nd this year.

  • MOLBREEVI targets a rare disease with 5,500 identified U.S. patients and a pricing corridor of $400,000-$500,000 per patient per year.

  • 85% of payers have indicated willingness to cover MOLBREEVI with simple prior authorization.

  • If approved, MOLBREEVI would be the first therapy for aPAP, addressing the root cause rather than providing temporary relief.

  • The company has about 25 field staff focused on disease awareness and physician engagement.

Disease background and diagnosis

  • aPAP is caused by antibodies to GM-CSF, leading to surfactant accumulation and progressive respiratory symptoms.

  • Symptoms are nonspecific, often resulting in delayed or missed diagnosis, with patients seen in both community and academic settings.

  • The company has implemented a dried blood spot test and the ClearPath program to facilitate diagnosis, offered at no cost to providers and patients.

  • The ClearPath program is being utilized, with pilot programs at ILD clinics and plans to expand to more centers.

Clinical data and physician perspectives

  • IMPALA-2 phase III trial showed statistically significant improvements in DLco and quality of life measures at weeks 24 and 48.

  • Additional exploratory endpoints demonstrated functional improvements in exercise capacity and duration.

  • Open-label extension and biomarker data further support efficacy and are being presented at major conferences.

  • Physicians express interest in treating all symptomatic aPAP patients, regardless of severity, to prevent disease progression.

  • Even mildly affected patients show motivation to seek treatment, as seen in trial screening data.

Explain the $400k-$500k pricing and payer access
Clarify the lack of AdCom and PDUFA extension
Discuss DLCO significance versus functional data
MOLBREEVI pricing and payer coverage details
Dried blood spot testing and ClearPath program
Treating mild aPAP patients with MOLBREEVI
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