SVRANasdaqPharmaceutical PreparationsUS GAAP · USD

Savara Inc

Savara Inc. is a U.S.-based clinical-stage biopharmaceutical company focused on rare respiratory diseases. Its sole program is MOLBREEVI (molgramostim inhalation solution), an inhaled biologic being developed for autoimmune pulmonary alveolar proteinosis (autoimmune PAP) and delivered through a proprietary eFlow Nebulizer System.

Liikevoitto (EBIT)−124milj. USD
−19,7 %v/v
Nettotulos−119milj. USD
−23,9 %v/v
Vapaa kassavirta−101milj. USD
−13,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−125−100−75−50−25025milj. USD2020: 0,26 milj. USD2020: EBIT −49 milj. USD20202021: 0,26 milj. USD2021: EBIT −41 milj. USD20212022: EBIT −39 milj. USD20222023: EBIT −60 milj. USD20232024: EBIT −103 milj. USD20242025: EBIT −124 milj. USD2025−124
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Lead product candidate100 %

MOLBREEVI is Savara's inhaled biologic candidate for autoimmune PAP.

Asiakkaat

Savara does not yet sell commercial products; its future customers would be patients with autoimmune PAP and the physicians and specialty centers that diagnose and treat this rare lung disease. If approved, access and adoption would also depend on payers and reimbursement decision-makers because the therapy would be used in a specialized, high-acuity setting.

Autoimmune PAP patients

Patients with autoimmune pulmonary alveolar proteinosis who would use MOLBREEVI if approved.

Specialist physicians and centers

Pulmonologists and specialty centers that diagnose, prescribe, and monitor treatment.

Payers and reimbursement authorities

Insurers and health systems that influence patient access and commercial uptake.

International partners

Potential collaborators for commercialization outside the U.S. and selected markets.

Strategia

Savara's strategy is centered on advancing MOLBREEVI through regulatory approval and building a focused commercialization model for rare respiratory disease. The company aims to serve key prescribing physicians and centers directly in the U.S., while considering partnerships outside the U.S. to extend reach and reduce execution burden.

Regulatory approval for MOLBREEVILyhyt aikaväli

Commercial value depends on obtaining approval for the sole product candidate.

Build commercialization capabilitiesKeskipitkä aikaväli

A rare-disease launch requires specialized sales, access, and patient support infrastructure.

Pursue strategic partnerships outside the U.S.Keskipitkä aikaväli

International collaboration can extend reach while limiting direct operating complexity.

Maantiede

Savara is headquartered in the United States, with its principal office in Langhorne, Pennsylvania, and a majority of employees working remotely. The company is pursuing approval and eventual commercialization in the U.S., EU, and the UK, with additional markets considered where regulatory and economic conditions support expansion.

Riskit

Savara is highly dependent on the clinical, regulatory, and eventual commercial success of a single product candidate, so any setback could materially affect the business. The company also faces financing, execution, cybersecurity, and debt covenant risks that are common for development-stage biopharma companies but especially important because it has no product revenue.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on MOLBREEVI1Regulatory approval risk2Financing risk3Commercial launch execution4Cybersecurity and remote-work risk5Debt covenant risk6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on MOLBREEVIVaikutus: KriittinenTodennäköisyys: Korkea

    The company has one product candidate, so failure in development or approval would leave no commercial portfolio.

    KohdistuuClinicalRegulatoryCommercial execution
  2. Regulatory approval riskVaikutus: KorkeaTodennäköisyys: Korkea

    FDA or other regulators may delay, request changes, or deny approval, pushing out commercialization.

    KohdistuuUnited StatesEUUK
  3. Financing riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company has no product revenue and may need additional capital to fund development and launch.

    KohdistuuEquity issuanceDebtGrantsAlliances
  4. Commercial launch executionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Rare-disease commercialization requires specialized sales, access, and reimbursement capabilities.

    Kohdistuu: U.S. specialty market

  5. Cybersecurity and remote-work riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A distributed workforce and virtual operations increase exposure to phishing, malware, and data loss.

    Kohdistuu: Remote employees and cloud/IT systems

  6. Debt covenant riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Loan covenants could accelerate repayment or restrict operations if not met.

    Kohdistuu: Hercules Loan Agreement

Kirjanpito

Harkinnanvaraiset erät
No product revenue

Until approval and launch, the income statement is dominated by R&D and G&A rather than sales recognition.

Vaikutus: Revenue remains zero until commercialization begins

Debt accounting

Loan fees, discounts, and covenant-related terms affect interest expense and balance sheet carrying values.

Vaikutus: Amortization and extinguishment gains/losses can affect net loss

Foreign currency transactions

European vendors and subsidiaries create FX exposure in local currencies.

Vaikutus: FX gains/losses flow through other income (expense), net

Short-term investments

Cash management and investment maturities affect interest income and liquidity presentation.

Vaikutus: Can influence non-operating income and cash flow classification

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Savara Inc (Nasdaq) – Pharmaceutical Preparations | Analyysi – Clarifo