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Inderes disclaimer gällande utförda aktieanalyser kan läsas här. För mer detaljerad information över de aktier som aktivt bevakas av Inderes, vänligen se respektive bolags bolagsspecifika sida på Inderes webbplats. © Inderes Oyj. Alla rättigheter förbehållna.

Infant Bacterial Therapeutics AB (publ) Interim report January 1 – September 30, 2026

IBT BRegulatoriskt pressmeddelande2026-11-13 07:30
Ladda ner börsmeddelandet

November 13, 2026

Message from CEO

During the quarter, IBT successfully completed its commercial-scale manufacturing validation with positive results at our two contract manufacturers: Recipharm in Germany, which manufactures the active substance, and BioConnection in the Netherlands, which manufactures the finished product administered to infants. Reaching this milestone has taken longer than anticipated, as we changed manufacturers and had to execute a technology transfer to the new partners, revalidate our analytical methods, and ensure that both Recipharm and BioConnection could produce a high-quality product. We raised capital for this validation back in 2023, and it is with great satisfaction that we have now successfully concluded this work within our available financial resources.

The second major development during the quarter involved our interactions with regulatory authorities to prepare for the submission of our drug marketing applications. IBT has been working centrally with the EMA, as IBP-9414 holds Orphan Drug Designation in the EU. IBT plans to submit a Marketing Authorization Application (MAA) for IBP-9414 to the EMA in the near future.

IBT has also maintained an intensive dialogue with the FDA. On October 29, 2026, we addressed whether the FDA had any objections to IBT’s plan to submit a Biologics License Application (BLA). During this so-called “Pre-BLA” meeting, nothing was identified that would prevent IBT from submitting an application. While I did not anticipate any issues, we can never know with certainty how the agency views matters until IBT and the agency have formally interacted. Consequently, we do not plan to conduct any additional tests, or clinical studies prior to our intended submission of the marketing approval application for IBP-9414. We expect to receive written minutes from the FDA 30 days after the meeting, as is customary, and we will provide an update should we unexpectedly receive different information. In my assessment, on October 29, 2026, IBT cleared yet another milestone toward our goal of bringing IBP-9414 to market.

We have long been actively working on the scientific and medical positioning of IBP-9414. As one example, IBT will present at “Hot Topics in Neonatology” in Washington D.C., on December 6–9, with the titles “A Proposed Gut-to-Systemic Mechanism of Gastrointestinal-Related Mortality in Very Low Birth Weight Infants” and “What Every Clinician Should Know About Bringing Newborn Therapeutics to Market.”

Looking ahead, we intend to intensify preparations for our anticipated launch of IBP-9414. With the Pre-BLA meeting behind us, we plan to resume commercial activities that had been put on hold pending FDA feedback. Among other initiatives, we aim to further develop our commercial strategy, including establishing the basis for justified pricing. We also plan to procure raw materials so that we can supply and launch IBP-9414 shortly after receiving marketing approval. IBT requires additional capital to commercialize IBP-9414. Accordingly, the Board of Directors and management are continuously evaluating various financing alternatives and considering whether a capital raise should be conducted prior to marketing approval. These financing alternatives include the possibility of IBT entering into early licensing and/or distribution agreements with partners across different geographic markets.

Finally, I would like to take this opportunity to extend my gratitude to our manufacturing partners, who have successfully resolved the technical challenges that arose and delivered a robust product. 

Stockholm November 13, 2026
Staffan Strömberg, CEO

Financial overview for the period

Third quarter (July - September) 2026

  • Net sales KSEK 0 (0) 
  • Operating income KSEK -20,726* (-10,836)
  • Earnings per share before and after dilution SEK -1.52 (-0.75)

Reporting period (January- September) 2026

  • Net sales KSEK 0 (0) 
  • Operating income KSEK -64,334* (-48,457)
  • Earnings per share before and after dilution SEK -5.43 (-341)

*Operating profit includes exchange rate effects on currency investments intended to secure future payments. During the second quarter, these amounted to KSEK -1,359 (-2,694) and during the reporting period to KSEK 1,565 (-5,881). 

Significant events during the reporting period (January-September) 2026

  • In February 2026, the results of “The Connection Study” were published in Pediatric Research.
  • In September 2026, it was published that FDA Grants Infant Bacterial Therapeutics AB’s Request for a Type B Pre-BLA Meeting

Summary of selected financial data

000´s20262025202620252025
 Jul-SepJul-SepJan-SepJan-SepJan-Dec
Net Sales-----
Other income-----
Operating profit / loss-20,726-10,836-74,334-48,457-68,995
Result after tax-20,464-10,052-73,128-45,963-65,166
Total assets93,691178,22993,691178,229161,749
Cash flow for the period-27,827-8,365-63,440-52,249-72,337
Cash flow per share for the period (SEK)-2.07-0.62-4.71-3.88-5.37
Cash 82,133165,25882,133165,258144,009
Earnings per share before and after dilution (SEK)-1.52-0.75-5.43-3.41-4.84
Equity per share (SEK)2.439.232.439.237.82
Equity ratio (%)27%70%27%70%65%


IBT requires additional capital to commercialize IBP-9414. The Board of Directors and management continuously evaluate various financing alternatives, and a capital raise may be carried out even prior to market approval. If the company’s planning assumptions are not met, capital may need to be raised earlier and to a greater extent than planned. See further the section "Risks and uncertainties”.


Contacts
Staffan Strömberg, CEO

info@ibtherapeutics.com


About IBT
Infant Bacterial Therapeutics AB (“IBT”) is a public company domiciled in Stockholm. The company’s Class B shares are listed on Nasdaq Stockholm (IBTB) since September 10, 2018.

IBT is a pharmaceutical company whose mission is to develop and commercialize drugs for diseases affecting premature babies.
IBT's main focus is the drug candidate IBP-9414, a formulated bacterial strain naturally found in human breast milk. IBP-9414, is expected to be the first product in the new class of biologics called "Live Biotherapeutic Products" for premature infants. The development of IBP-9414 is currently in its final stages.

In the recent Phase III Connection study in premature infants that was completed in July 2024, the group treated with IBP-9414 demonstrated a significant 27% reduction in all-cause mortality compared with the placebo group, meaning that widespread use of IBP-9414 could save more than 1000 patients annually in the US alone. The therapy has received both Breakthrough Therapy Designation (March 2025) for gastrointestinal related mortality and Rare Paediatric Disease Designation, reflecting its potential to address a significant unmet medical need.

The portfolio also includes additional drug candidates, IBP-1016, IBP-1118 and IBP-1122. IBP-1016, for the treatment of gastroschisis, a life-threatening and rare disorder in which children are born with externalized gastrointestinal organs. IBP-1118 to prevent retinopathy of prematurity (ROP), one of the leading causes of blindness in premature babies, and IBP-1122 to eliminate vancomycin-resistant enterococci (VRE), which cause antibiotic-resistant hospital infections.
Through the development of these drugs, IBT can address medical needs where no sufficient treatments are available.

This information is information that Infant Bacterial Therapeutics is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-11-13 07:30 CET.


Attachments
IBT Interim Report Q3 2026 ENG