BioArctic AB Series BBioArctic reports Q2 results with new FDA approval for Leqembi autoinjector and Eli Lilly collaboration, boosting revenue prospects.
BioArctic reported its interim results for the second quarter of 2026, highlighting new approvals for Leqembi and strategic partnerships. The company entered into a research collaboration with Eli Lilly, receiving an upfront payment of USD 30 million, with the agreement worth up to USD 800 million plus royalties. Additionally, the FDA approved Leqembi Iqlik subcutaneous autoinjector for weekly initiation treatment in early Alzheimer's disease, leading to a US launch in August. BioArctic also entered into a research collaboration in oncology with the Swedish biotech company Mesenkia Therapeutics to explore a novel antibody-based treatment for glioblastoma. Net revenues for the quarter amounted to SEK 247.5 million, with royalty income from Leqembi at SEK 179.4 million, while operating profit was SEK -6.5 million and earnings per share before dilution were SEK -0.13.
BioArctic AB Series BBioArctic reports Q2 results with new FDA approval for Leqembi autoinjector and Eli Lilly collaboration, boosting revenue prospects.
FDA approval of Leqembi autoinjector expands market access for Eisai's partnered Alzheimer's drug.
Eli Lilly and CompanyEli Lilly enters a research collaboration with BioArctic, paying $30M upfront with potential $800M plus royalties.
BioArctic enters oncology collaboration with Mesenkia to develop antibody treatment for glioblastoma.