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Nykode Therapeutics ASA
OSE:NYKD

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Nykode Therapeutics ASA
OSE:NYKD
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Price: 2.43 NOK -1.46% Market Closed
Market Cap: 793.5m NOK

Nykode Therapeutics ASA
Investor Relations

Nykode Therapeutics ASA is a clinical-stage biopharmaceutical company which engages in discovering and developing of novel immunotherapies. The company is headquartered in Oslo, Oslo and currently employs 135 full-time employees. The company went IPO on 2020-01-27. Nykode uses its vaccine technology platform to generate therapeutics in disease indications with unmet medical need. The firm develops next generation vaccines for clinical use, based on a deep understanding of immunological principles. Nykode Therapeutics’ main product candidates are VB10.16 and VB10.NEO. VB10.16 is a therapeutic cancer vaccine against HPV16-related cancers. VB10. NEO is a therapeutic cancer neoantigen vaccine. The firm also has two universal COVID-19 vaccine candidates in development.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 24, 2025
AI Summary
Q3 2025

Cost Reduction: Nykode significantly lowered operating expenses this quarter, more than halving costs year-over-year as a result of streamlining and reduced clinical activities.

Financial Position: The company remains well-capitalized with $64 million in cash and a projected cash runway into 2028, potentially extending into 2029 if a positive tax case outcome is achieved.

Clinical Progress: Key programs (abi-suva, VB10.NEO, and the tolerance platform) advanced, with the pivotal Abili-T Phase II trial protocol submitted to UK authorities and a supply agreement for pembrolizumab secured.

Milestone Timelines: Interim data from the C-03 trial is expected in the first half of 2026, with the first interim Abili-T data anticipated within 24 months of trial start, likely in 2027.

Competitive Advantages: The tolerance platform showed promising multi-parameter immune effects, subcutaneous efficacy, and multi-antigen constructs, all supporting a best-in-class profile.

Partner Interest: Renewed ownership of VB10.NEO has increased partnering discussions, with pharma interest focused on upcoming peer readouts in the individualized neoantigen therapy field.

Key Financials
Revenue and Other Income
$118,000
Operating Expenses
$6.4 million
Net Loss
$3.7 million
Cash Position
$64 million
Finance Income and Costs
$1.3 million positive
Total Equity
$99 million
Equity Ratio
94%
Tax Receivable (Pending Case)
$32.5 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Thyring Engsig
Chief Executive Officer
No Bio Available
Mr. Harald Gurvin
Chief Financial Officer
No Bio Available
Mr. Ulrich Blaschke
Chief Technology Officer
No Bio Available
Dr. Agnete B. Fredriksen Ph.D.
Chief Scientific Officer & Business Development
No Bio Available
Ms. Louise Stubbe
Chief Legal Officer
No Bio Available
Dr. Klaus Edvardsen M.D., Ph.D.
Chief Research & Development Officer
No Bio Available

Contacts

Address
OSLO
Oslo
Oslo Science Park, Gaustadalleen 21
Contacts
+4722958193
nykode.com