MVIRNasdaq StockholmHealth CareIFRS · SEK

Medivir

Medivir AB is a Swedish pharmaceutical company focused on the development of innovative treatments for serious diseases. The company specializes in the research and development of small molecule drugs, with a particular emphasis on oncology and rare diseases. Medivir's portfolio includes both proprietary projects and outlicensed assets, allowing them to leverage partnerships for broader market reach. With a strong financial position and strategic collaborations, Medivir aims to advance its clinical projects and create long-term value for shareholders and patients alike.

Revenue8.5m SEK
+89.0 %y/y
Operating profit (EBIT)-127m SEK
+0.0 %y/y
EBIT margin-1,496.6%
+1,333.2 ppy/y
Net income-94.4m SEK
+23.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-150-100-50050m SEK2021: EBIT -62 m SEK20212022: 14 m SEK2022: EBIT -87 m SEK20222023: 7.6 m SEK2023: EBIT -91 m SEK20232024: 4.5 m SEK2024: EBIT -127 m SEK20242025: 8.5 m SEK2025: EBIT -127 m SEK2025TTM 2026: 12 m SEKTTM12
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Oncology40 %

Includes drugs for cancer treatment such as remetinostat and birinapant.

Rare Diseases30 %

Focuses on treatments for rare conditions like Osteogenesis Imperfecta.

Dermatology15 %

Includes products like Xerclear for skin conditions.

Veterinary Medicine15 %

Involves drugs for animal health, such as VBX-1000.

Customers

Medivir's customer base primarily consists of pharmaceutical companies and healthcare providers seeking innovative treatments for cancer and rare diseases. The company also targets veterinary markets through partnerships for animal health products. Medivir's licensing agreements enable them to reach global markets, leveraging partners' distribution networks. Additionally, the company's focus on orphan drug designations attracts interest from stakeholders looking for exclusive market opportunities.

Pharmaceutical Companies

License Medivir's oncology and rare disease treatments for distribution.

Healthcare Providers

Utilize Medivir's drugs for treating patients with rare diseases.

Veterinary Clinics

Adopt VBX-1000 for treating canine periodontitis.

Strategy

Medivir's strategic priorities include advancing its clinical pipeline, particularly in oncology and rare diseases. The company aims to leverage orphan drug designations to secure market exclusivity and regulatory support. Medivir is focused on strengthening its financial position through strategic partnerships and licensing agreements. The company also seeks to maximize the value of its projects by demonstrating clinical proof-of-concept and expanding its market reach.

Advance clinical pipelineMedium term

To bring innovative treatments to market

Leverage orphan drug designationsLong term

To secure market exclusivity and regulatory support

Strengthen financial positionShort term

To support ongoing and future clinical developments

Geography

Medivir operates primarily out of Sweden, with a focus on expanding its market presence through global partnerships. The company's licensing agreements with international partners allow it to reach markets in North America and Europe. Medivir's strategic collaborations provide access to regulatory support and market exclusivity, particularly in the U.S. The company's operations are influenced by currency exposure due to contracts in multiple currencies.

Risks

Medivir faces significant risks inherent in pharmaceutical development, including high costs and regulatory challenges. The company's reliance on partnerships and licensing agreements exposes it to potential market fluctuations and partner performance risks. Currency exposure due to multi-currency contracts adds financial risk. Additionally, the competitive landscape in oncology and rare diseases poses challenges to market entry and product differentiation.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory challenges1Partnership performance2Currency exposure3
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. Regulatory challengesImpact: CriticalLikelihood: Medium

    Complex approval processes for new drugs

  2. Partnership performanceImpact: HighLikelihood: Medium

    Dependence on partners for market access

  3. Currency exposureImpact: HighLikelihood: Low

    Multi-currency contracts affecting financial stability

Accounting

Judgemental items
Revenue recognition

Affects timing and reporting of financial results

Impact: high

Currency fluctuations

Influences financial stability and reporting

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Medivir (MVIR) Revenue, Earnings & Financials 2025 – Clarifo