Mendus AB (OSTO:IMMU)
kr 6.29 +0.29 (+4.83%) Market Cap: 385.47 Mil Enterprise Value: 329.17 Mil PE Ratio: 0 PB Ratio: 0.68 GF Score: 31/100

Q1 2026 Mendus AB (publ) Earnings Call Transcript

May 8, 2026 / 08:00 AM GMT
Release Date Price: kr5.14 (+12.84%)

Key Points

Positve
  • Mendus AB (OSTO:IMMU) is making progress in its clinical trials, with plans for an interim analysis after reaching 20 patients in the current phase.
  • The company is actively recruiting for multiple trials, including the DEVA trial, which is expected to have a faster recruitment process.
  • There is increased awareness and interest in the CML treatment landscape, partly due to recent innovations and acquisitions.
  • Mendus AB (OSTO:IMMU) has established a large-scale GMP production setup with Norfax Biologics, ensuring manufacturing capabilities for future trials.
  • The company is involved in a research collaboration with a biopharma partner, which has moved into the clinical phase, indicating potential future developments.
Negative
  • Recruitment for the CADENCE trial is facing challenges due to the competitive landscape of AML trials.
  • The Venetoclex setting, while promising, has not yet been approved for chemo-fit patients, adding uncertainty to trial outcomes.
  • The TFR success rate in CML remains low, with only 25% of patients achieving treatment-free remission over a 10-year period.
  • Details about the research collaboration's financial impact and future developments remain undisclosed, creating uncertainty for investors.
  • The competitive landscape in AML and CML trials makes patient recruitment challenging, impacting trial timelines and outcomes.


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

IMMUN.ST - Mendus AB (publ)
Q1 2026 Mendus AB (publ) Earnings Call
May 08, 2026 / 08:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Independent of MRD status. So it will be a little bit more granular as compared to the ADVANCE 2 trial where we immediately already started to see some patients converting from an MRD positive to an MRD negative status. This will be a little bit more granular with respect on how MRD evolves over time.

But nevertheless, it will give us a good indication about what is happening under the surface. And similarly, and also very similar to what we did in the ADVANCE 2 trial, we will of course look for the response of the immune system, both at baseline.

And also in correlation with the outcome with respect to the health of the patients, so whether the patients relapse or not, but also over time follow the immune responses that
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
7-Day Free Trial · Cancel Anytime
Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot