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Spago Nanomedical (SPAGO) investor relations material
Spago Nanomedical Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Achieved proof-of-concept in humans for Tumorad program with visible tumor uptake and manageable safety profile, supporting further clinical development and potential for orphan drug status in rare cancers.
Focused on advancing two main programs: Tumorad (radionuclide therapy for solid tumors) and SpagoPix (MRI contrast agent for cancer and endometriosis).
Financial highlights
Net sales for Q3 2025 were KSEK 14, down from KSEK 485 in Q3 2024; YTD net sales were KSEK 433, down from KSEK 1,294.
Loss for Q3 2025 was KSEK -6,265 (Q3 2024: KSEK -8,763); YTD loss was KSEK -20,664 (YTD 2024: KSEK -24,679).
Operating expenses for Q3 2025 were KSEK -7,568 (Q3 2024: KSEK -10,650); YTD operating expenses were KSEK -24,823 (YTD 2024: KSEK -30,403).
Cash and cash equivalents at quarter-end were KSEK 11,257, down from KSEK 39,946 a year earlier.
Outlook and guidance
Tumorad program progressing to higher dose levels in clinical trials, with next DMC analysis expected early next year.
Exploring opportunities for orphan drug designation and partnerships for continued development and commercialization.
SpagoPix program to continue only with external partners or financing.
Cash runway and future financing strategy?
Tumorad ODD potential: impact on development?
SpagoPix partnering efforts: current status?
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Next Spago Nanomedical earnings date
Q4 20256 Feb, 2026
Next Spago Nanomedical earnings date
Q4 20256 Feb, 2026
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Frequently asked questions
Spago Nanomedical AB is a Swedish biotechnology company that specializes in nanomedicine for cancer diagnostics and treatment. The company is advancing two main projects: SpagoPix and Tumorad. SpagoPix is an MRI contrast agent under clinical development, aimed at improving cancer diagnostics by selectively enhancing tumor visibility in breast, liver, and pancreatic cancers. Tumorad is a radionuclide therapy that targets cancer cells using nanoparticles, currently in preclinical stages for treating advanced cancers. Spago Nanomedical is based in Lund, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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