Interim report July 1- September 30, 2025
3 November, 2025
Summary of the first quarter (2025-07-01 – 2025-09-30)
- Net sales amounted to MSEK 0.0 (0.0)
- Operating profit/loss amounted to MSEK -1.3 (-1.3)
- Earnings per share* SEK -0.07 (-0.06)
- Cash and cash equivalents at the end of the interim period amounted to MSEK 14.1 (14.7).
* Before and after dilution. Earnings per share: Profit for the period divided by the average number of shares 18,485,857. For the comparison period, the average number of shares was 18,485,857. Amounts in brackets refer to the corresponding period last year.
Comments from the CEO
The ongoing myeloma study is being conducted at Uddevalla Hospital, PI (principal investigator) Dr Dorota Knut and at Karolinska University Hospital, Huddinge, PI Dr Katarina Uttervall dept. Hematol-ogy/HERM. Biomarkers are analysed at the Central Laboratory, Karolinska University Hospital, NKS, Solna.
The primary objective is to confirm safety and tolerability and as a secondary objective to determine indications of treatment response. The patients who can be included in the study (inclusion criteria), must have relapsed/treatment-resistant disease and received 1-5 prior lines of therapy.
Treatment with ODX is given in a maximum of 7 doses, one dose every two weeks. Patients are di-vided into 3 dose groups, 3mg/kg, 6mg/kg and 9mg/kg, 4 patients in each group.
An addition to the study protocol enables follow-up of patients who responded to ODX treatment and refers to the time to new disease progression after completion of ODX treatment. No other anti-cancer treatment is given during the follow-up period.
Dose group 2 (6mg/kg) has been fully recruited. Two of the patients had progressive disease after completion of treatment and the other 2 patients are expected to complete their treatment in early De-cember.
Follow-up of all patients who had so far achieved stable disease shows that the disease-inhibiting ef-fect lasted at most just over six months without initiation of other cancer treatment.
A meeting of the DMC (Independent Data Monitoring Committee) was held in early October and ap-proved the continuation to dose group 3. One patient for dose group 3 has been screened and re-ceived his first dose at the end of October.
The results so far, i.e. for patients with relapsed/treatment-resistant disease, must be seen as promis-ing with a majority achieving stable disease, and, without serious side effects.
Anders R Holmberg