Santhera Pharmaceuticals Holding AG (XSWX:SANN)
CHF 15.96 -0.10 (-0.62%) Market Cap: 236.71 Mil Enterprise Value: 263.22 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 39/100

Full Year 2025 Santhera Pharmaceuticals Holding AG Earnings Call Transcript

Apr 28, 2026 / 12:00 PM GMT
Release Date Price: CHF18.54 (+0.98%)

Key Points

Positve
  • Santhera Pharmaceuticals Holding AG (SPHDF) reported a significant revenue increase, nearly doubling to 77.2 million, surpassing their initial guidance.
  • The company achieved strong market penetration in Germany and Austria, with over 40% and 50% market share respectively in the glucocorticoid steroid market.
  • Santhera has secured reimbursement agreements in key European markets, including Spain and Italy, with launches expected soon.
  • The Guardian study results presented at the MDA conference showed promising long-term efficacy and safety data, enhancing the drug's differentiation and market potential.
  • Santhera expanded its global footprint by signing distribution partnerships in GCC, India, Turkey, and Russia, and is in late-stage negotiations for Latin America.
Negative
  • The company faces a 17% price reduction in Germany, which was pre-agreed, impacting revenue from that market.
  • There are delays in securing reimbursement in the Nordics and France, with France expected to be the last European country to have reimbursement.
  • Santhera's operating loss increased to 37.6 million, attributed to higher cost of goods and milestone payments.
  • The company anticipates a reduction in revenue from supply and services due to Catalyst establishing its own manufacturing capabilities.
  • There is uncertainty regarding the timing and necessity of additional studies for product launch in Japan, which could delay market entry.


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

SANN.S - Santhera Pharmaceuticals Holding AG
Full Year 2025 Santhera Pharmaceuticals Holding AG Earnings Call
Apr 28, 2026 / 12:00PM GMT

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Presentation
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Good afternoon and welcome to the Santhera Pharmaceuticals investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and could be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so.

Before we begin, I'd like to submit the following poll.

I'd now like to hand you over to the management team. Dario, good morning, sir.
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