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Hansa Biopharma AB (SE:HNSA)
:HNSA
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Hansa Biopharma AB (HNSA) AI Stock Analysis

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Hansa Biopharma AB

(HNSA)

Rating:44Neutral
Price Target:
kr25.00
▼(-4.07%Downside)
The overall score reflects significant financial challenges, including persistent net losses and negative equity, which weigh heavily on the stock's outlook. While technical indicators and earnings call insights offer some positive aspects, the unfavorable valuation and operational risks dominate the assessment.
Positive Factors
Debt Management
The company renegotiated its debt with Novaquest, converting a large portion of it into equity, and pushing out cash payments to June 2027.
Market Expansion
Hansa secured reimbursement for Idefirix in both Australia and Switzerland.
Treatment Potential
Imlifidase has the potential to be the standard of care for Guillain-Barre Syndrome due to its rapid action in reducing total IgG levels, fitting the ideal treatment window for the disease.
Negative Factors
Financial Health
The company has capital needs that exceed current cash balance.
Regulatory Approval
Imlifidase only has conditional approval in the EU and no US approval.
Sales Performance
Idefirix’s sales for 2Q25 came below our estimate and the Street consensus, showing 27% QoQ decrease from 1Q25.

Hansa Biopharma AB (HNSA) vs. iShares MSCI Sweden ETF (EWD)

Hansa Biopharma AB Business Overview & Revenue Model

Company DescriptionHansa Biopharma AB (publ), a biopharmaceutical company, develops immunomodulatory treatments for enabling transplants and rare immunoglobulin G (IgG)-mediated autoimmune conditions, gene therapy, and cancer using its proprietary enzyme technology platform. The company's lead drug candidate is Imlifidase, an antibody cleaving enzyme therapy that is in phase 3 clinical trial for use in sensitized kidney transplantations patients, as well as for anti-GBM antibody disease; and phase 2 clinical trial for antibody-mediated kidney transplant rejection and Guillain Barré syndrome. It is also developing Novel immunoglobulin cleaving enzymes for Repeat dosing (NiceR) for the treatment of autoimmune diseases, transplantation, and oncology; and Enzyme based antibody Enhancement (EnzE), which is cancer immunotherapy. The company has a preclinical research collaboration agreement with argenx BV to evaluate the therapeutic potential of combining the two companies' IgG-modulating technologies. Hansa Biopharma AB (publ) was incorporated in 2007 and is headquartered in Lund, Sweden.
How the Company Makes MoneyHansa Biopharma makes money primarily through the commercialization of its lead product, Idefirix, which has received marketing authorization in various regions, including the European Union. The company generates revenue from product sales to healthcare providers and institutions that administer the treatment to patients undergoing kidney transplants. Additionally, Hansa Biopharma engages in strategic partnerships and collaborations with other biopharmaceutical companies, which can provide milestone payments, licensing fees, and royalties. These partnerships often focus on expanding the use of its enzyme technology platform across different therapeutic areas and geographical markets, thereby contributing to its revenue streams.

Hansa Biopharma AB Earnings Call Summary

Earnings Call Date:Jul 17, 2025
(Q2-2025)
|
% Change Since: 0.46%|
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with significant revenue growth and stabilization of the company's financial position. Despite the positive developments, challenges such as the impact of Germany's Eurotransplant program pause and company restructuring were noted. Overall, the positive aspects outweigh the challenges, leading to a positive sentiment.
Q2-2025 Updates
Positive Updates
Significant Financial Performance and Revenue Growth
IDEFIRIX sales revenues for Q2 were SEK 47.9 million, representing a 76% increase compared to Q2 2024. Total revenue in the first half of 2025 increased by 27% compared to the first half of 2024.
Stabilized Financial Position
The company successfully raised SEK 232 million and restructured existing debt, ensuring a cash runway into Q2 2026.
Expansion and Market Approvals
IDEFIRIX is now reimbursed in 20 countries, including Australia and Switzerland, and guidelines in nine countries support its use as a desensitization strategy.
Pipeline Progress
Completion of enrollment in the Phase III PAES study in kidney transplantation and positive results from the 15-HMedIdeS-09 Phase II study in Guillain-Barre syndrome.
Negative Updates
Impact of Germany's Eurotransplant Program Pause
The pause in Germany's Eurotransplant prioritization program for highly sensitized kidney transplant patients negatively impacted Q2 revenues from Germany and is expected to continue affecting near-term performance.
Restructuring and Cost Reductions
The company underwent a restructuring process resulting in the departure of experienced colleagues, aiming to save approximately SEK 60 million annually.
Company Guidance
During the Hansa Biopharma Q2 2025 earnings call, the company provided guidance on several key fronts. The CEO, Renee Aguiar-Lucander, highlighted a successful capital raise of SEK 232 million, ensuring a cash runway into early Q2 2026. The company also restructured its debt with NovaQuest, converting $14.8 million of debt into equity, with remaining payments scheduled between 2027 and 2029. Hansa reported a significant 76% year-over-year increase in IDEFIRIX sales revenue for Q2 2025, totaling SEK 47.9 million, and a 52% increase for the first half of the year, reaching SEK 113.5 million. Total revenues for the first half of 2025 rose by 27% compared to the same period in 2024. Operationally, the company completed enrollment for the Phase III PAES study in kidney transplantation, with a data readout expected in mid-2026, and saw positive results from the 15-HMedIdeS-09 Phase II study in Guillain-Barre syndrome. Hansa anticipates key data readouts for the ConfIdeS trial in kidney transplantation and the GOOD-IDES-02 trial in anti-GBM later in 2025.

Hansa Biopharma AB Financial Statement Overview

Summary
Hansa Biopharma AB faces significant financial challenges. Persistent net losses, negative equity, and cash flow difficulties highlight the company's struggle to achieve financial stability. High leverage and operational inefficiencies pose risks that need addressing.
Income Statement
37
Negative
Hansa Biopharma AB's income statement reflects substantial challenges, with consistent net losses and negative EBIT and EBITDA margins. The gross profit margin is relatively higher, indicating some ability to cover variable costs, but the net profit margin remains negative. Revenue has shown some growth over the years, yet profitability remains elusive.
Balance Sheet
22
Negative
The balance sheet indicates significant financial stress with negative stockholders' equity, suggesting more liabilities than assets. The debt-to-equity ratio is not calculable due to negative equity, while high total debt levels pose a risk. The equity ratio is negative, further highlighting financial instability.
Cash Flow
30
Negative
Cash flow analysis reveals negative operating cash flows and free cash flows, indicating challenges in generating cash from operations. Although financing activities have provided cash inflows, the free cash flow to net income ratio remains unfavorable, reflecting ongoing operational cash deficits.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue181.68M171.32M134.09M154.53M33.88M6.10M
Gross Profit95.76M87.76M70.95M116.05M18.45M5.10M
EBITDA-475.42M-642.07M-714.55M-554.26M-538.83M-413.08M
Net Income-625.24M-807.24M-831.72M-611.13M-548.28M-420.85M
Balance Sheet
Total Assets705.25M800.64M1.02B1.69B1.01B1.43B
Cash, Cash Equivalents and Short-Term Investments250.20M405.28M732.06M1.50B888.96M1.38B
Total Debt1.02B1.08B866.77M791.09M35.38M5.04M
Total Liabilities1.33B1.39B1.19B1.08B255.24M192.37M
Stockholders Equity-623.74M-589.83M-167.88M602.91M757.57M1.24B
Cash Flow
Free Cash Flow-697.28M-675.00M-755.94M-506.06M-483.57M-290.57M
Operating Cash Flow-696.65M-674.88M-755.65M-502.73M-481.17M-290.27M
Investing Cash Flow-628.00K-116.00K-284.00K229.31M-2.40M182.53M
Financing Cash Flow406.40M346.81M-7.54M1.12B-4.86M1.07B

Hansa Biopharma AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price26.06
Price Trends
50DMA
25.19
Positive
100DMA
24.35
Positive
200DMA
29.06
Negative
Market Momentum
MACD
0.46
Positive
RSI
50.57
Neutral
STOCH
36.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HNSA, the sentiment is Negative. The current price of 26.06 is below the 20-day moving average (MA) of 26.20, above the 50-day MA of 25.19, and below the 200-day MA of 29.06, indicating a neutral trend. The MACD of 0.46 indicates Positive momentum. The RSI at 50.57 is Neutral, neither overbought nor oversold. The STOCH value of 36.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HNSA.

Hansa Biopharma AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
52
Neutral
$7.34B-0.07-63.86%2.34%16.17%0.23%
44
Neutral
kr2.21B
20.12%40.54%
$249.46M-45.80%
DE8F8
€96.77M-48.22%
DE30S
€108.31M4.47152.78%
DE6Y4
€162.65M-40.15%
DE6XP
€169.57M-42.24%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:HNSA
Hansa Biopharma AB
26.06
-15.58
-37.42%
BOVNF
BioInvent International AB
3.29
-0.77
-18.97%
DE:8F8
SynAct Pharma AB
1.86
1.16
165.71%
DE:30S
Saniona AB
0.79
0.53
203.85%
DE:6Y4
Vicore Pharma Holding AB
0.70
-0.86
-55.13%
DE:6XP
Xspray Pharma AB
4.79
-1.76
-26.87%

Hansa Biopharma AB Corporate Events

Hansa Biopharma Strengthens Financial Position and Leadership Amidst Strong Sales Growth
Jul 17, 2025

Hansa Biopharma announced a successful capital raise of approximately 232 MSEK/US $24.3M and restructured its debt with NovaQuest, which will support upcoming Phase 3 trial readouts. The company’s IDEFIRIX product sales increased by 76% compared to the previous year, highlighting strong market performance. Additionally, Hansa appointed Maria Törnsén as COO and President U.S., and Dr. Richard Philipson as Chief Medical Officer, strengthening its leadership team. The company remains on track with its clinical pipeline, including a pivotal Phase 3 trial in kidney transplantation and trials in Guillain Barré Syndrome and Duchenne Muscular Dystrophy.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Appoints New Chief Medical Officer
Jul 8, 2025

Hansa Biopharma has appointed Dr. Richard Philipson as Chief Medical Officer, effective July 14, 2025. Dr. Philipson brings over 25 years of experience in drug development, particularly in rare diseases and gene therapy, and will play a crucial role in advancing Hansa’s development programs and regulatory submissions. His expertise is expected to enhance the company’s strategic development plans and strengthen its position in the biopharmaceutical industry.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma to Release Q2 2025 Interim Results and Host Conference Call
Jul 3, 2025

Hansa Biopharma announced it will release its interim report for the first half of 2025 on July 17, 2025, followed by a conference call to discuss the results and provide a business and pipeline update. This event, featuring key company executives, is an opportunity for stakeholders to gain insights into Hansa’s operational progress and strategic direction, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Reports Positive Five-Year Outcomes for Imlifidase in Kidney Transplantation
Jun 30, 2025

Hansa Biopharma has presented positive five-year follow-up results from its study on imlifidase in kidney transplantation at the ESOT Congress 2025. The study demonstrated sustained positive outcomes, with a 90% patient survival rate and 82% graft survival rate, indicating that imlifidase is a viable option for highly sensitized patients, providing long-term benefits comparable to standard kidney transplants.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK143.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Expands Share Capital and Voting Rights
Jun 30, 2025

Hansa Biopharma has announced an increase in its registered share capital and number of shares and votes, following the issuance of new ordinary shares and a set-off issue. This development raises the company’s total number of registered shares and votes to 84,763,222, reflecting a strengthened capital position that could enhance its operational capabilities and market presence.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma AB’s AGM Approves Key Resolutions and Incentive Program
Jun 25, 2025

Hansa Biopharma AB held its Annual General Meeting where several key resolutions were passed, including the adoption of financial statements, re-election of board members, and approval of a long-term incentive program for employees. The meeting also authorized the board to issue new shares and warrants, providing the company with financial flexibility to pursue strategic opportunities and enhance shareholder value.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Raises SEK 232 Million and Restructures Debt to Support Growth
Jun 18, 2025

Hansa Biopharma has successfully completed a directed cash share issue, raising approximately SEK 232 million, and has restructured its debt agreement with NovaQuest. This financial maneuver aims to support the company’s ongoing phase III trials for imlifidase and other pipeline projects, positioning Hansa for sustainable growth and strengthening its shareholder base. The restructuring of the NovaQuest agreement includes a set-off issue of USD 14.9 million in new shares and revised payment terms, which are expected to enhance the company’s financial flexibility and operational stability.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Announces Directed Share Issue and Debt Restructuring
Jun 18, 2025

Hansa Biopharma AB has announced a directed share issue of approximately 10 million common shares to institutional investors, with the proceeds intended for general corporate purposes, including ongoing phase III trials for imlifidase and supporting its European business operations. Additionally, the company is restructuring its debt with NovaQuest, which includes a set-off of USD 14.9 million of debt in exchange for new shares, and revised payment terms extending mandatory cash payments until June 2027. This strategic financial maneuver aims to strengthen Hansa’s capital structure and enhance its operational capabilities, positioning the company for continued growth and stability in the competitive biopharmaceutical industry.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma’s CEO to Speak at BIO International Convention
Jun 11, 2025

Hansa Biopharma announced that its CEO, Renée Aguiar-Lucander, will speak at the BIO International Convention in Boston, focusing on unlocking investment opportunities in European biotech. This participation highlights Hansa’s strategic efforts to engage with potential investors and stakeholders, potentially enhancing its industry positioning and expanding its market reach.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma to Host Virtual Investor Event on Guillain-Barré Syndrome
Jun 9, 2025

Hansa Biopharma announced a virtual investor event on Guillain-Barré syndrome (GBS) scheduled for June 16, 2025. The event will feature presentations from renowned medical professionals discussing the current treatment landscape and scientific advancements in GBS. Company executives will also outline Hansa’s activities and milestones in the autoimmune space. This event is part of a series aimed at the investor community, focusing on Hansa’s key areas of interest: Autoimmune, Gene Therapy, and Kidney Transplantation.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Announces Strategic Restructuring for Enhanced Efficiency
May 26, 2025

Hansa Biopharma AB announced a restructuring plan aimed at optimizing resource allocation and improving operational efficiency, which includes a 20% workforce reduction. This strategic move is expected to save 40-50 MSEK annually and enhance the company’s ability to deliver value to shareholders and patients, pending negotiations with trade unions.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Announces Annual General Meeting for June 2025
May 26, 2025

Hansa Biopharma AB has announced its Annual General Meeting scheduled for June 25, 2025, in Lund, Sweden. The meeting will cover various agenda items including the presentation of financial statements, election of board members, and proposals for a long-term incentive program. This meeting is crucial for stakeholders as it will address key corporate governance issues and strategic decisions that could impact the company’s future direction and market positioning.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma’s Imlifidase Shows Promise in Treating Guillain-Barré Syndrome
May 14, 2025

Hansa Biopharma presented promising data from its Phase 2 study of imlifidase at the 2025 PNS Annual Meeting, highlighting its potential in treating Guillain-Barré Syndrome (GBS). The study demonstrated that imlifidase, when used with standard intravenous immunoglobulin, was safe and well-tolerated, offering significant insights into improving patient care for GBS, a condition with limited treatment options.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Hansa Biopharma Appoints New COO and President U.S.
May 13, 2025

Hansa Biopharma has appointed Maria Törnsén as Chief Operating Officer and President U.S., effective May 19, 2025. With over 20 years of experience in global and U.S. operations, Törnsén’s expertise in rare diseases and gene therapy is expected to drive the company’s growth and profitability, particularly in the U.S. market. Her appointment comes as Hansa prepares for the next phase of development, including the growth of its IDEFIRIX product and anticipated catalysts in late 2025.

The most recent analyst rating on (SE:HNSA) stock is a Buy with a SEK175.00 price target. To see the full list of analyst forecasts on Hansa Biopharma AB stock, see the SE:HNSA Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 19, 2025