HNSANasdaq StockholmHealth CareIFRS · SEK

Hansa Biopharma

Hansa Biopharma is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative treatments for rare immunological conditions. The company has pioneered a first-in-class immunoglobulin G (IgG) antibody cleaving enzyme therapy, primarily used for desensitizing highly sensitized kidney transplant patients. Hansa's proprietary IgG-cleaving enzyme technology platform supports its drug discovery and development pipeline, targeting transplantation, autoimmune diseases, gene therapy, and new therapies. Headquartered in Lund, Sweden, Hansa operates in Europe and the U.S., aiming to address areas with limited treatment options.

Operating profit (EBIT)-0.6m SEK
+99.9 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-800-600-400-2000200m SEK2021: 34 m SEK2021: EBIT -547 m SEK20212022: 155 m SEK2022: EBIT -589 m SEK20222023: 134 m SEK2023: EBIT -788 m SEK20232024: 171 m SEK2024: EBIT -638 m SEK20242025: EBIT -0.64 m SEK2025-0.64
RevenueOperating profit (EBIT)

Business

Share of revenue
Transplantation40 %

Includes therapies for kidney transplant desensitization.

Autoimmune Diseases25 %

Therapies targeting autoimmune conditions.

Gene Therapy20 %

Pre-treatment solutions for gene therapy applications.

New Therapies15 %

Development of novel treatments for rare conditions.

Customers

Hansa Biopharma's customer base primarily includes healthcare providers and institutions involved in organ transplantation and treatment of rare immunological conditions. The company's products are critical for highly sensitized kidney transplant patients, offering a unique solution where traditional options are limited. Additionally, Hansa collaborates with gene therapy companies to enhance treatment efficacy for patients with pre-existing antibodies. The focus on rare and underserved conditions attracts specialized healthcare providers seeking innovative solutions for complex medical challenges.

Transplant Centers

Purchase IDEFIRIX for desensitizing kidney transplant patients.

Autoimmune Disease Clinics

Use therapies for treating complex autoimmune conditions.

Gene Therapy Companies

Collaborate for pre-treatment solutions to enhance gene therapy.

Strategy

Hansa Biopharma's strategic priorities include advancing its clinical pipeline across core therapeutic areas such as transplantation, autoimmune diseases, and gene therapy. The company aims to expand the use of its IgG-cleaving enzyme technology to address unmet medical needs. Hansa is also focused on strengthening partnerships with gene therapy companies to enhance treatment efficacy. The strategic direction emphasizes innovation and collaboration to maintain a competitive edge in the biopharmaceutical industry.

Pipeline AdvancementMedium term

To address unmet medical needs in core therapeutic areas.

Partnership ExpansionShort term

To enhance treatment efficacy in gene therapy.

Geography

Hansa Biopharma is headquartered in Lund, Sweden, with significant operations in Europe and the United States. The company focuses on markets where there is a high demand for innovative treatments for rare conditions, particularly in regions with advanced healthcare systems. Hansa's presence in these key markets allows it to collaborate with leading healthcare institutions and gene therapy companies. The geographic focus supports the company's strategic aim to address unmet medical needs in transplantation and autoimmune diseases.

Risks

Hansa Biopharma faces several business and financial risks, including the inherent uncertainties in drug development and regulatory approval processes. The company's reliance on successful clinical trials and partnerships for revenue generation poses a risk if expected outcomes are not achieved. Additionally, fluctuations in product sales due to the unpredictable nature of organ allocation systems can impact financial performance. Industry-specific risks include competition from other biopharmaceutical companies and potential changes in healthcare regulations.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Drug Development Uncertainty1Sales Fluctuations2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Drug Development UncertaintyImpact: CriticalLikelihood: High

    Clinical trials may not achieve expected outcomes.

  2. Sales FluctuationsImpact: HighLikelihood: Medium

    Organ allocation systems impact product sales.

Accounting

Judgemental items
Revenue Recognition

Timing impacts reported earnings.

Impact: high

Development Cost Capitalization

Affects long-term financial performance.

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Hansa Biopharma (XSTO) – Health Care | Financial Analysis – Clarifo