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IMMNOV — Immunovia AB (publ) News Story

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Sweden's Immunovia Q2 sales rise on PancreaSure test uptake

Sweden's Immunovia Q2 sales rise on PancreaSure test uptake


Overview

  • Sweden diagnostic firm's Q2 net sales rose, driven by PancreaSure test uptake

  • Adjusted loss per share for Q2 improved yr/yr to -0.03 SEK

  • Company's Q2 cash burn rate was below guidance due to lower clinical study spending


Outlook

  • Company did not provide specific financial guidance for current or future periods


Result Drivers

  • TEST UPTAKE - Increased adoption of PancreaSure by high-risk surveillance centers in the U.S. drove Q2 sales, per CEO Jeff Borcherding

  • CLINICAL VALIDATION - High sensitivity and specificity data for PancreaSure in the Medicare population supported the company's Medicare coverage submission plans

  • LOWER CLINICAL STUDY SPENDING - Cash burn was below guidance due to reduced spending on clinical studies


Company press release: ID:nMFN76FxQL


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Adjusted Loss Per Share

SEK 0.03


Analyst Coverage

  • Wall Street's median 12-month price target for Immunovia AB (publ) is SEK0.42, about 130.8% above its August 5 closing price of SEK0.18


Reuters Recommended Reads

  • Aug 4 - Personalis Q2 revenue rises 30%, beats estimates on expanded Medicare coverage

  • Aug 4 - Bio-Rad Q2 revenue beats analyst estimates on clinical diagnostics growth

  • Aug 5 - Caris Life Sciences Q2 revenue rises 45% on the back of molecular profiling services


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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