Gubra: Trading statement Q1-2025
The key highlight of the quarter was the partnership agreement with AbbVie for the weight loss candidate GUBamy, featuring upfront, milestone, and royalty payments totaling USD 2.2 billion. During the quarter, Gubra announced a strategic shift in focus towards its D&P division, with the aim of advancing more projects into clinical development and expanding its research scope to include Women's Health. Gubra reiterates its full-year 2025 guidance.
Financial highlights from Q1-2025
CRO: Revenue in the first quarter amounted to DKK 50.6 million. Compared to the corresponding quarter in 2024, revenue was down by 14% and down 8% compared to the average quarterly level in 2024. For Q1 2025, no special items were included resulting in EBIT reconciling for adjusted EBIT. EBIT was DKK 10.8 million in Q1 2025 with EBIT-margin of 21% compared to adjusted EBIT of DKK 22.6 million in Q1 2024 (reported DKK 21.5 million) and adjusted EBIT-margin for Q1 2024 at 39% (reported 37%).
D&P: Revenue in the first quarter amounted to DKK 6.9 million compared to DKK 6.5 million in Q1 2024.
Adjusted EBIT in the first quarter was DKK -54.2 million compared to DKK -26.6 million in Q1 2024. The decrease in EBIT was primarily due to increased costs for our most mature development programs GUBamy and UCN2 as we advance these programs through the development stages. With the closing of the AbbVie transaction occurring after Q1 2025 (closing occurred on 1 April 2025), the upfront payment of USD 350 million was not recognized in the accounts for Q1 2025.
Gubra keeps financial 2025 guidance:
Following the end of the quarter, regulatory authorities approved the partnership agreement with AbbVie regarding GUBamy, , and Gubra announced positive results from the MAD study on GUBamy.
Read full trading statement here: Gubra Q1 trading statement
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/Claus Thestrup, 9 May 2025 at 08:18 AM.
Gubra
Gubra is a pharmaceutical company. The company's operations are focused on the early stages of drug development. They mainly conduct research and development in the field of metabolic and fibrotic diseases. The company's product portfolio includes several brands and pharmaceuticals, and operations are conducted on a global level, with the largest presence in North America and the Nordics. The head office is located in Hørsholm, Denmark.
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