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Hansa Biopharma (SE:HNSA)
:HNSA

Hansa Biopharma AB (HNSA) AI Stock Analysis

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Hansa Biopharma AB

(HNSA)

Rating:51Neutral
Price Target:
kr27.00
▲(11.66%Upside)
Hansa Biopharma's stock score reflects significant financial challenges and valuation concerns, despite strong technical indicators and revenue growth. The balanced sentiment from the earnings call highlights both strategic progress and operational risks. The most pressing issues include financial instability and cash management.
Positive Factors
Clinical Trial Progress
The completion of patient enrollment in the pivotal Phase 3 trial for anti-GBM disease is ahead of schedule, highlighting the company's progress and the unmet needs in the autoimmune space.
Market Expansion
Reimbursement is now available in major cities such as Barcelona and Madrid, which should increase patient access.
Strategic Leadership
The company's strategic planning and execution are expected to improve under the new CEO, which is crucial for the development of HNSA-5487.
Negative Factors
Financial Challenges
The company has capital needs that exceed current cash balance.
Regulatory Approval
Imlifidase only has conditional approval in the EU and no US approval.
Reimbursement Concerns
The high cost of imlifidase may cause payors to resist coverage.

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

Hansa Biopharma AB Business Overview & Revenue Model

Company DescriptionHansa Biopharma AB (HNSA) is a leading biopharmaceutical company based in Sweden, focused on developing innovative immunomodulatory treatments for rare immunologic diseases. The company operates within the healthcare and biotechnology sectors, specializing in enzyme technology to address unmet medical needs. Its core product, Idefirix® (imlifidase), is designed to inactivate IgG antibodies, facilitating life-saving organ transplants in highly sensitized patients.
How the Company Makes MoneyHansa Biopharma makes money primarily through the commercialization of its lead product, Idefirix®, which is used in organ transplantation procedures. The company generates revenue from product sales, licensing agreements, and strategic partnerships with other pharmaceutical companies. Additionally, Hansa Biopharma may receive revenue from research and development collaborations and potential milestone payments associated with the development and commercialization of its pipeline products. The company's earnings are significantly influenced by its ability to expand market access for Idefirix®, secure regulatory approvals in various regions, and establish strategic partnerships that enhance its product distribution capabilities.

Hansa Biopharma AB Earnings Call Summary

Earnings Call Date:Apr 24, 2025
(Q1-2025)
|
% Change Since: 8.43%|
Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth and strategic progress in the pipeline and reimbursement expansion. However, concerns regarding the sudden CEO change, temporary study delays, and cash runway limitations were also significant. The sentiment reflects a balanced outlook with both positive advancements and notable challenges.
Q1-2025 Updates
Positive Updates
Significant Revenue Growth
In Q1 2025, total revenue reached SEK 66.3 million, with a 39% increase in product sales from the previous quarter.
Pipeline Progress
Completion of enrollment in the PAES Phase 3 study in Europe and positive regulatory interactions with BfArM regarding HNSA-5487 for myasthenia gravis.
Expansion and Reimbursement
Secured reimbursement for Idefirix in three additional European markets, totaling 18 countries, including the largest five European markets.
Long-term Data and Publications
Sustained positive outcomes from five-year data on imlifidase-treated kidney transplant patients, with a 90% patient survival rate and an 82% graft survival rate.
Financial Improvements
Operating loss improved by 71% compared to Q1 2024, driven by increased sales and expense reduction.
Negative Updates
CEO Departure
Sudden departure of CEO Søren Tulstrup, with the new CEO Renée Lucander stepping in immediately.
Study Delays
Temporary halts in several IDEaS trials due to safety updates, including the Sarepta-9001-104 study.
Cash Runway Concerns
Cash and cash equivalents totaling SEK 250 million, with a projected runway into Q4 2025, necessitating further expense management for extension into 2026.
Company Guidance
During Hansa Biopharma's Q1 2025 earnings call, the company reported total revenue of SEK 66.3 million, with IDEFIRIX sales contributing SEK 65.7 million, marking a 39% increase in product sales from the previous quarter. They announced the completion of patient enrollment in the PAES Phase 3 study in Europe, which is crucial for full marketing authorization by EMA in 2026. The company is also advancing its pipeline, including a proposed clinical trial for HNSA-5487 in myasthenia gravis. Key upcoming catalysts in 2025 include data from multiple trials, such as the Phase 3 GOOD-IDES-02 study and the U.S. Phase 3 ConfIdeS study in kidney transplantation. Hansa also noted an 18% increase in total revenue compared to Q1 2024 and emphasized continued efforts to expand IDEFIRIX's market access, now reimbursed in 18 countries. The company has undertaken restructuring activities to reduce SG&A and R&D expenses, improving the operating loss by 71% compared to the previous year.

Hansa Biopharma AB Financial Statement Overview

Summary
Hansa Biopharma AB faces significant financial challenges, marked by persistent net losses, negative equity, and cash flow difficulties. Despite some revenue growth, high leverage and ongoing operational inefficiencies pose risks to financial stability.
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 Price24.18
Price Trends
50DMA
24.36
Negative
100DMA
24.47
Negative
200DMA
30.43
Negative
Market Momentum
MACD
-0.13
Positive
RSI
48.88
Neutral
STOCH
21.51
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 24.18 is below the 20-day moving average (MA) of 24.27, below the 50-day MA of 24.36, and below the 200-day MA of 30.43, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 21.51 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 (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
kr1.36B5.15152.78%1533.99%
51
Neutral
$7.41B0.36-61.88%2.34%16.99%1.69%
51
Neutral
kr2.28B
9.53%41.19%
48
Neutral
€916.47M-48.22%67.70%
47
Neutral
€1.70B-42.24%-19.44%
46
Neutral
kr2.31B-45.80%-0.57%-39.92%
45
Neutral
kr1.80B-40.15%63.85%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:HNSA
Hansa Biopharma AB
26.94
-19.06
-41.43%
SE:BINV
BioInvent International AB
35.05
0.05
0.14%
SE:SANION
Saniona AB
10.42
6.67
177.50%
SE:VICO
Vicore Pharma Holding AB
7.87
-11.64
-59.66%
SE:XSPRAY
Xspray Pharma AB
45.90
-32.95
-41.79%
SE:SYNACT
SynAct Pharma AB
18.70
11.03
143.81%

Hansa Biopharma AB Corporate Events

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: Jun 28, 2025