Q4 2025 Mendus AB (publ) Earnings Call Transcript

Feb 11, 2026 / 01:00 PM GMT
Release Date Price: kr32.7

Key Points

Positve
  • Mendus AB (STU:1YG0) presented continued positive data from their phase 2 trial in MRD positive AML, indicating promising long-term survival rates.
  • The company has established a large-scale GMP production facility with NorthX Biologics, supporting future clinical development and potential commercial launch.
  • Mendus AB successfully raised 52.5 million Swedish crowns in a directed issue, supported by major shareholders, enhancing their financial stability.
  • The company secured a 50 million Swedish crown loan facility with Fena Capital, providing additional financial flexibility.
  • The Ellison trial in ovarian cancer confirmed the safety and feasibility of Vididenza as a potential combination therapy, showing positive long-term survival data.
Negative
  • Mendus AB reported a net loss of 38.7 million Swedish crowns for Q4, highlighting ongoing financial challenges.
  • The company underwent a reorganization, including staff reductions, to balance costs with anticipated trials in 2026.
  • There is uncertainty regarding the registration trial strategy in CML, as it is still in early development stages.
  • The recruitment rate for the Cadence trial is variable, with potential competition from new drugs affecting patient enrollment.
  • The company's future financing strategy remains uncertain, with reliance on potential partnerships and non-dilutive funding options.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IMMUN.ST - Mendus AB (publ)
Q4 2025 Mendus AB (publ) Earnings Call
Feb 11, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Mendo's Q4 report 2025 presentation. During the Q&A session, participants are able to ask questions by dialing 5 on their telephone keypad. Now I will hand the conference over to the speakers, CEO Eric Manting and CFO Latta Firm. Please go ahead.

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Unidentified_2 [2]
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Thank you everybody for joining. Welcome to the Q4 finance and business update of Mendez on behalf of myself and our CFO lottta Fm.

Hi everyone.

Let's start with a summary of Q4. We presented continued positive data of our phase 2 trial, the Advanced 2 trial in MRD
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