IVEVFNasdaqPharmaceutical PreparationsUS GAAP · USD

Inventiva S.A.

Inventiva S.A. is a France-based biopharmaceutical company focused on the discovery and clinical development of oral small-molecule therapies. Its principal development program is lanifibranor, a drug candidate being advanced for metabolic and fibrotic diseases, especially MASH. The company is publicly listed in France and the United States.

Liikevaihto4,5milj. USD
−51,3 %v/v
Liikevoitto (EBIT)−321milj. USD
−86,7 %v/v
EBIT-marginaali−7 150,3%
−5 283,4 %-yks.v/v
Nettotulos−354milj. USD
−92,2 %v/v
Vapaa kassavirta−105milj. USD
−21,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−400−300−200−1000100milj. USD2022: 12 milj. USD2022: EBIT −54 milj. USD20222023: 17 milj. USD2023: EBIT −105 milj. USD20232024: 9,2 milj. USD2024: EBIT −172 milj. USD20242025: 4,5 milj. USD2025: EBIT −321 milj. USD20254,5−321
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Lanifibranor90 %

The company's lead clinical candidate for metabolic and fibrotic diseases, including MASH.

Pipeline R&D5 %

Early-stage discovery, preclinical work, and additional research programs around new therapeutics.

Collaborations and partnerships5 %

Research, development, and commercialization partnerships supporting program advancement.

Asiakkaat

Inventiva does not sell a broad commercial product portfolio; its immediate counterparties are clinical investigators, research partners, regulators, and capital providers that support development of its drug candidates. If lanifibranor is successfully approved and commercialized, customers would expand to physicians, hospitals, and patients in the relevant therapeutic areas.

Clinical research partners

Trial sites, investigators, and CRO-style collaborators that execute studies and generate development data.

Regulatory authorities

Health agencies that review clinical results and determine whether product candidates can advance to approval.

Future prescribers

Specialists and physicians who would prescribe lanifibranor if approved for metabolic liver disease.

Future patients

Patients with MASH or related fibrotic/metabolic conditions who would be treated with the approved therapy.

Development partners

Companies or institutions that co-develop, finance, or support the pipeline through partnerships.

Strategia

Inventiva’s strategy is centered on advancing lanifibranor through pivotal clinical development, seeking regulatory approval, and preparing for possible commercialization. It also depends on partnerships and financing to support long development timelines typical of biotechnology programs.

Complete pivotal lanifibranor developmentLyhyt aikaväli

Late-stage clinical data is the key gate to regulatory review and eventual commercialization.

Pursue regulatory submissionKeskipitkä aikaväli

Approval is required to convert the pipeline into a commercial product business.

Strengthen financing and partnershipsLyhyt aikaväli

Clinical development is capital intensive and partnerships can extend runway and de-risk commercialization.

Maantiede

Inventiva is headquartered in France and is listed on Euronext Paris and Nasdaq in the United States. Its operations are centered on European and U.S. drug development activities, with clinical and regulatory work tied to global trial sites and potential commercialization markets.

Riskit

Inventiva is exposed to clinical trial failure, regulatory setbacks, and the need to continuously fund a long and capital-intensive development path. Because lanifibranor is the core value driver, any negative data, delays, or financing shortfalls could materially impair the company’s ability to continue development or commercialize its pipeline.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Financing and going-concern pressure1Lanifibranor clinical failure2Regulatory delay or non-approval3Patent and collateral encumbrance4Partnering and execution risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Financing and going-concern pressureVaikutus: KriittinenTodennäköisyys: Korkea

    The business requires external capital before product sales can fund operations.

    Kohdistuu: Operating cash needs

  2. Lanifibranor clinical failureVaikutus: KriittinenTodennäköisyys: Kohtalainen

    The company's valuation and future commercialization depend heavily on one lead candidate.

    Kohdistuu: Lead asset concentration

  3. Regulatory delay or non-approvalVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Even positive data may not be sufficient for an approval filing or label expansion.

    Kohdistuu: MASH development program

  4. Patent and collateral encumbranceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Debt financing has granted lenders security interests over key assets, including patents.

    Kohdistuu: Intellectual property

  5. Partnering and execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Delays or disagreements with collaborators can slow clinical and commercial plans.

    Kohdistuu: Development partnerships

Kirjanpito

Harkinnanvaraiset erät
Research and development expense

Clinical and preclinical work is expensed as incurred, driving operating loss presentation.

Vaikutus: Affects operating results and comparability across periods

Going-concern evaluation

Funding needs and future product revenue uncertainty require explicit assessment.

Vaikutus: Can materially affect disclosures and investor perception

Debt financing instruments

Borrowings, warrants, and related security packages may involve valuation and classification judgments.

Vaikutus: Can affect liabilities, equity, and finance costs

Impairment of intangible assets

Pipeline assets and patents depend on clinical success and future commercial prospects.

Vaikutus: Could trigger large non-cash charges if value declines

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Inventiva S.A. (Nasdaq) – Pharmaceutical Preparations | Analyysi – Clarifo