Hansa Biopharma Reports Third Quarter and Interim Year to Date 2025 Financial Results
- Imlifidase successfully met primary endpoint in pivotal US Phase 3 ConfIdeS trial in kidney transplantation.
 - First clinical data supports imlifidase ability to substantially reduce anti-AAV antibodies to allow administration of gene therapy.
 
      
        
      
        
Financial Performance
Year to date IDEFIRIX product sales totalled 143.6 MSEK and represented an increase of 29.1 MSEK or 25.4% compared to the same period a year ago (114.5 MSEK). Year to date product sales represent approximately 102% of total full-year product sales achieved in 2024. Product sales in the third quarter of 2025 totalled 30.1 MSEK, compared to 39.8 MSEK for the same period in 2024.
Lower sales numbers in the third quarter are largely driven by fewer than expected kidney transplants during the summer period, the pause in the German Eurotransplant Prioritized Program and reimbursement challenges in Catalunya, one of the largest regions in 
Pipeline Progress
      
SRP-9001-104 in Duchenne muscular dystrophy (DMD): Topline results were reported for three patients with DMD treated with imlifidase prior to administration of Sarepta's ELEVIDYS in the trial. After a single dose of imlifidase, patients experienced a rapid reduction of IgG antibodies, to levels ≥95% less than baseline. In addition, pre-existing anti-AAV antibodies were reduced below a titre of 1:400, enabling treatment with ELEVIDYS. No new safety signals were observed in the trial. These first clinical data support the ability of imlifidase to substantially reduce anti-AAV antibodies to allow administration of gene therapies.
Financial Summary
| 
             Amounts in MSEK, unless otherwise stated  | 
          
             Q3 2025  | 
          
             Q3 2024  | 
          
             YTD 2025  | 
          
             YTD 2024  | 
        
| 
             Revenue  | 
          
             30.8  | 
          
             48.7  | 
          
             146.3  | 
          
             139.0  | 
        
| 
             - thereof: Product sales  | 
          
             30.1  | 
          
             39.8  | 
          
             143.6  | 
          
             114.5  | 
        
| 
             SG&A expenses  | 
          
             (88.4)  | 
          
             (75.8)  | 
          
             (254.9)  | 
          
             (255.3)  | 
        
| 
             R&D expenses  | 
          
             (70.2)  | 
          
             (79.6)  | 
          
             (230.3)  | 
          
             (274.3)  | 
        
| 
             Loss from operations  | 
          
             (147.6)  | 
          
             (116.9)  | 
          
             (395.8)  | 
          
             (463.7)  | 
        
| 
             Loss for the period  | 
          
             (148.3)  | 
          
             (103.8)  | 
          
             (364.2)  | 
          
             (530.3)  | 
        
| 
             Net cash used in operations  | 
          
             (99.2)  | 
          
             (148.8)  | 
          
             (353.3)  | 
          
             (527.1)  | 
        
| 
             Cash and short-term investments  | 
          
             252.1  | 
          
             553.5  | 
          
             252.1  | 
          
             553.5  | 
        
| 
             EPS before and after dilution (SEK)  | 
          
             (1.75)  | 
          
             (1.53)  | 
          
             (4.90)  | 
          
             (8.67)  | 
        
| 
             Number of outstanding shares  | 
          
             84,763,222  | 
          
             67,814,241  | 
          
             84,763,222  | 
          
             67,814,241  | 
        
| 
             Weighted average number of shares before and after dilution  | 
          
             84,763,222  | 
          
             67,814,241  | 
          
             74,270,996  | 
          
             61,162,934  | 
        
| 
             Number of employees at period end  | 
          
             133  | 
          
             135  | 
          
             133  | 
          
             135  | 
        
Conference Call Details
      
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Join the webcast here: Webcast | Hansa Biopharma Third Quarter Earnings
      Contacts for more information:
Evan Ballantyne, Chief Financial Officer
IR@hansabiopharma.com
Kerstin Falck, VP Global Corporate Affairs
media@hansabiopharma.com 
Notes to editors
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             HNSA - Q3 2025 ENG FINAL (1)  | 
        
      
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