Zelluna ASA (OSL:ZLNA)
kr 13.78 -0.32 (-2.27%) Market Cap: 281.86 Mil Enterprise Value: 148.05 Mil PE Ratio: 0 PB Ratio: 2.19 GF Score: 18/100

Q1 2025 Zelluna ASA Earnings Call Transcript

May 8, 2025 / 07:00 AM GMT
Release Date Price: kr14 (-4.76%)

Key Points

Positve
  • Zelluna ASA (FRA:7UM0) became the first cell therapy company listed on the Oslo Stock Exchange, marking a significant milestone.
  • The company successfully developed, scaled, and automated its proprietary manufacturing process for TCRNK therapies, de-risking its path to clinical trials.
  • Zelluna ASA's manufacturing process can produce hundreds of doses from a single batch, addressing a key limitation of current cell therapies.
  • The company has a strong IP position, potentially allowing it to dominate the therapeutic space if its platform demonstrates efficacy.
  • Zelluna ASA is advancing its lead asset, ZIMA41, towards clinical trials, with plans to generate initial clinical data in 2026, which could be a significant value inflection point.
Negative
  • The company faces challenges in treating solid tumors, which remain difficult to address despite advancements in cell therapies.
  • Zelluna ASA's financial runway is expected to last only until the second quarter of 2026, indicating potential funding challenges.
  • The company experienced higher payroll expenses due to an increased number of employees following a business combination.
  • There were significant transaction costs related to the business combination, impacting financial results.
  • The cash burn level is expected to remain high until operational synergies are realized, which may affect financial stability.


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

ZLNA.OL - Zelluna ASA
Q1 2025 Zelluna ASA Earnings Call
May 08, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

My name is Namir Hassan, the CEO of Zaluna, and I'm delighted to present to you today our first quarter business update and financial results.

Can I have the next slide, please?

This is our disclaimer slide.

Next slide, please. So the contents of the presentation today is we'll highlight the key events over the first quarter.

We will go through the Zallua TCRNK technology and pipeline, provide a financial update, and then summarize at the end.

Can I have the next slide, please?

And the next slide, please.

So, I wanted to start with this, a symbolic and momentous occasion for the company.

Zaluna being the first ever cell therapy company to be listed on
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