Immunovia Q3 net sales surge on PancreaSure uptake
Overview
Sweden diagnostic firm's Q3 net sales rose sharply yr/yr, driven by PancreaSure test sales
Operating loss narrowed compared to Q3 2025
Company announced SEK 63 mln rights issue to fund US commercialization and clinical studies
Outlook
Company awaits Medicare coverage decision for PancreaSure, which could expand future revenue
Immunovia plans to use rights issue proceeds to fund US commercialization and clinical studies
Company expects recent clinical results to support commercial adoption and reimbursement efforts
Result Drivers
TEST ADOPTION - Co said increased uptake of PancreaSure test and addition of high-risk surveillance centers drove Q3 sales, per CEO Jeff Borcherding
LOWER STUDY COSTS - Co said reduced spending on clinical studies lowered operating cash burn in Q3
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted Loss Per Share | SEK 0.03 | ||
Q3 Adjusted Free Cash Flow | -SEK 14.90 mln |
Analyst Coverage
Wall Street's median 12-month price target for Immunovia AB (publ) is SEK0.43, about 758.3% above its October 30 closing price of SEK0.05
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)