contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


kommunike-fran-extra-bolagsstamma-i-nextcell-pharma-ab-publ-4

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

NextCell Pharma operates in the healthcare sector. The company develops stem cell products that are mainly used in the treatment of autoimmune diabetes and kidney transplantation. A large part of the work consists of stem cell research where the company develops drug candidates that will facilitate and increase acceptance in organ transplantation. In addition, the company owns a stem cell bank. The company was founded in 2014 and has its headquarters in Huddinge.

New press release and the stock is showing new momentum, up 12% today. For the sharp-eyed, however, this isn’t new information, because even though Nextcell hasn’t communicated this directly to investors, yours truly spotted this 29 days ago in this discussion.

Now the valuation has doubled, and rising revenue can, with some luck, justify it as well. Haven’t investors sufficiently accounted for the potential of these subsidiaries’ operations?  I don’t believe they’ve been given much weight, as not a single euro has been seen yet. The company’s small investor base is likely suffering from a major hangover after the previous -80% crash. The base case is probably still that the company’s value is primarily just a gamble on the success of the drug pipeline and partnerships, and a company that has been diluted for six years straight will likely be diluted for a seventh. Cellaviva has been a passive shell company owning cell banks, collecting the same fixed fees year after year without any growth, and that’s why Qvance isn’t being given much credit either. I should also include a quote from myself from the Diamyd thread:  In biotech, valuation doesn’t seem to be explained by rational probability calculations, but by certain kinds of hype cycles that fluctuate between the euphoria of early and intermediate stages and the nuclear winters caused by the despair of dilutions and long waiting periods.  Some calculating opportunists only jump into the gamble just before the results are released (like last year when the value tripled in a couple of months before the young-interim results). In small-cap biotech companies with low cash reserves, the price of the gamble while waiting for major drivers is directly proportional to the holding time and inversely proportional to the market cap, which is already incredibly small; the share count will inevitably increase significantly unless a “miracle” happens. The last offering was a disaster, and the company is also very little-known, and the researcher-led team hasn’t handled investor relations or the promotion of offerings well. Now, the pricing seems to assume that Nextcell will have to start share issuance procedures during the current year. Perhaps even before the readout. And with the market cap jumping between 7-15M, it would mean that the share price could soon be half of the current one before the most important driver is possible. However, the math of the expenses is in Nextcell’s favor. The costs are really low (someone could check how much Faron burns in Phase 2). So, even though losses are incurred, the specialized service operations—for which there is apparently no competition in the Nordics—might well turn the tide. Existing research staff and laboratory infrastructure can be used operationally and capital efficiently. Personally, I believe in this miracle—with the clarification that the whole company is unlikely to turn profitable immediately before the customer base opened up by the GMP license. However, the cash might easily be made to last past the readout without dilution. Those readouts are, along with partnerships, the ultimate big catalysts in this gamble. After the Phase 2 results, there are many uncertainties ahead, but the company has shown a smart business strategy and early limited market access is possible. There may be a wait ahead, but if the gamble doesn’t result in a loss while holding, then the expected value is positive. And yes, it could also be that this is indeed the company’s last resort, at least as an investment. If the new young-readout doesn’t improve at all from the previous “honeymoon” results, will there still be a willing financier for the adult Phase 3 or a buyer for the licenses? At the same time, Diamyd might reach Western markets first, and the Hong Kong route might turn out to be the only way to capture revenue before market saturation. Qvance might also be just a final desperate attempt to consolidate at least some value for the company and provide work for the researchers in case the phase readout fails. Well, whatever the case, I’m buying this gamble at least until the readout.

Interesting reflections and new perspectives. Nextcell’s cell therapy support businesses, Cellaviva and Qvance, are interesting during Nextcell’s current “valley phase” in terms of the liquidity that is crucial for the company. Cell therapies in general are evolving rapidly, and as an investor not intimately familiar with the field, one might think that support functions would be a growth area. Regarding Qvance’s future, I recall the group CEO mentioning that forecast I noted about Qvance’s profitability sometime late last year, albeit in passing. Qvance’s own CEO likely has better information. As mentioned earlier, when Nextcell’s valuation was at its lowest, €6-7m, a couple of months ago, it could be justified by this business alone. Its growth prospects provide peace of mind regarding the risk of total loss of investment typical for biotechs. Now the valuation has doubled, and with some luck, rising revenue can justify that too. Have investors not sufficiently factored in the potential of these subsidiaries? The other matter is the main event itself, Protrans. The interim readout in late summer is a make-or-break situation. If it fails, the downward spiral could be unstoppable. Based on the evidence so far, I consider the probability of success to be good. You brought up some interesting future plans for Nextcell. Speculation will have a more solid foundation in late summer after the interim readout.

I remember the CEO stating in some presentation that Qvance would reach profitability by the end of the current year.  Are you referring to this interview with the CEO of Qvance?                   linkedin.com              🎬 Live from Nordic Life Science Days!  What amazing energy at our booth...    🎬 Live from Nordic Life Science Days!  What amazing energy at our booth today!  We were thrilled to welcome Lindsay Davies, CEO of Flemingsberg-based QVance, for a great conversation with our Cluster Manager, Natasha Bank. QVance is at the forefront...                             The interview was done 4 months ago. At that time, Lindsay said that services had been offered for 2 months, revenue is already being generated, there is a very long list of waiting customers, and “breakeven is just around the corner”. I also remember another reference to Qvance’s earning potential from the parent company’s CEO, but I can’t find it right now. One problem here is that the quarterly reports do not break down expenses by subsidiary, so there’s really no information on whether Qvance’s accounting includes only personnel costs or comprehensive laboratory infrastructure with its associated expenses.  The Fujifilm collaboration is a wildcard that could involve revenue  When it was announced, the CEO specifically described the partnership as “revenue generating,” referring to genuine business activity.  Hard to estimate the share price after the readout, optimistically 5+ SEK?  Of course, valuation is difficult to discuss when there are numerous potential drivers even before the readout (Q4 results and revenue data, Hong Kong developments, GMP license…). Naturally, the fact that the readout result being a “go-ahead” on its own can mean anything between decent and mind-blowing. But I would say that’s an underestimate. That would only result in a market cap of about 60M. The share was around those levels throughout 2021, even though it was known then that the “Young” study would have to wait until 2026. Perhaps some were still waiting for a conditional marketing authorization or rapid partnering, but the announcement on August 4, 2020, **“**NextCell obtains agreement on Paediatric Investigation Plan (PIP) from EMA” probably sealed the fact that a pediatric study is required in Europe. That 2021 valuation could certainly be described as overblown, but the company is on a completely different footing today. -The patent protection for T1D treatment is international and multi-layered, and there are also patents for other diseases, which increases the value of partnering. -Entirely new business has been rapidly developed under the company, for which there seems to be strong demand, and which has the potential to cover the entire group’s expenses, at least during Phase 2 in 2026. -A potential shortcut to the Asian markets ahead of schedule has emerged for the company. Even a slightly less favorable agreement could be made there, which would nonetheless eliminate the company’s financial worries for years to come. -Unlike in 2021, conditional approval in Europe might now actually be on the table if the “Young” results are promising. In the CEO’s interview at the end of January: “it is possible that we could even get conditional approval in Europe with that [ProTrans-Young study], and then we would want to go to the US with a ‘bridging’ study instead of doing Phase 3.” It should be noted here that although the research pipeline currently focuses on T1D treatment, NextCell’s product is not just a drug; rather, it has succeeded in developing patented methods for stem-cell-based treatments, which could have very broad possibilities if it secures resources for development. If the T1D treatment proves successful, it should be viewed as a much broader company. Making an actual numerical fair value estimate is almost impossible at this stage because there are so many questions in the air. However, I believe that especially if the quarterly report at the end of the month manages to show a significantly decreased group cash burn, it will remove the fear of immediate dilution, and the company should already be at a market cap of at least €30-50M even before the “Young” results. Even then, it would look cheap relative to many other R&D shell companies at the end of Phase 2. I, however, perhaps believe more in the potential of the treatment and give less weight to previous “Young” interim results than the market does, and I already considered the market reaction completely overblown even before the CEO’s comments about the honeymoon. By the way, the stock has outrageously low liquidity. The price might fluctuate 5-8% without much “real” trading showing in the volume, just mini-volumes of 50-2000 shares, which I assume are algorithmic trades by market makers. Overall, during February, it has come down on only about €260k of turnover from the 1.7 SEK peak to today’s lows of 1.33 SEK.

Interesting questions that I have also been pondering. Is the internal funding from Cellaviva and Qvance etc. sufficient? I remember the CEO stating in some presentation that Qvance would reach profitability by the end of the current year. Cell and tissue sales haven’t grown very quickly in recent years. The Fujifilm collaboration is a wild card that could involve income. All in all, I am slightly skeptical that the internal funding from these operations would suffice for very long, considering the upcoming needs. Funding will be needed after the Phase 2 interim readout (if successful) for presenting results in various ways, negotiations with regulators (in the East and West?), planning follow-up studies, and partner negotiations. A beggar’s position is still that of a beggar. This is indeed one reason for Nextcell’s discounted market cap state, as you have noted. The dilution risk is high. I agree that the small dilution in the winter was wise; it ensured progress until the end of the year. What is the share’s value after the interim readout?  I am optimistic about the success of that readout based on previous trial results. According to the CEO, the readout covers—as I understood it—both groups. For the older group, where the honeymoon effect lasts longer, the results are already 24 months old. For the younger group, where the duration of the effect is shorter, the readout occurs at the 12-month mark. One would think the difference would already become apparent. One starting point for the investment decision is the share’s low price relative to the company’s potential. This has materialized for Nextcell, but it has brought a problem. The market cap is so low that even a large offering doesn’t yield much relative to future needs. Hard to estimate the share price after the readout—optimistically 5+ SEK? Market psychology can play a role. Diamyd’s successful Phase 3 and its possible follow-up actions could provide a tailwind for Nextcell. However, early partnering would be important after the summer. For Diamyd, 170 patients are apparently enough for Phase 3. I haven’t looked into the costs of this phase, but in diabetes, they are likely not as high as on average in Phase 3 trials ($100,000 per subject). This likely lowers the threshold for partnering.

How do fellow investors see NextCell’s chances of avoiding another share issue before the results for the youth study? And what will the market reaction be if NextCell succeeds during 2026? -NextCell had 38.7 MSEK at the end of August 2025. -It consumes about 8–9 MSEK per quarter. -In February 2026, a 15M SEK directed share issue. -However, in the offering “demand clearly exceeded supply” and the company deliberately kept the size of the issue small. Additionally, the proceeds were announced to be directed towards the Hong Kong operation. -According to the CEO, “At the same time, the issue is deliberately sized to give the company peace of mind for upcoming value-driving milestones, without burdening the ownership base with unnecessary dilution.” With the same burn rate, the cash would have been empty by August 2026. With the additional 15M subscription, time was bought until the end of the year. However, Qvancella already has revenue, with the first insight expected at the end of the month, and it will be able to operate more extensively once the GMP license is obtained. Plus Fujifilm and other partnerships on top of that. Two options: A) The company needs a share issue, but it is postponing it, waiting for a significantly better share price driven by upcoming catalysts. B) The company doesn’t need a share issue because the relatively low costs can be largely covered by new business during 2026. The main reason for the low share price is likely dilution expectations. If the business proves it can cover its costs, the stock turns into a value-preserving lottery ticket primarily for Phase 2 results and partnership deals. What would be a fair valuation then?

Great that the hypothesis is proving to be on the right track. Look, here’s a stream                              A few highlights:  Hong Kong has built up several eh systems and organizations to help foreign companies enter the Chinese market. It is an extremely capital-rich and we see good opportunities to eh together with local investors and eh companies be able to conduct a clinical trial to treat type one diabetes in Hong Kong and then spread it to the greater part of China. Eh the setup is like this that Nexel has eh IP, we have knowhow, we have the entire clinical trial package and we eh now need a partner in the area to finance the study. “A phase two study is enough to get approved in Hong Kong.” “So that it is simply a way to save it, yes, in Europe we are actively working on Pro Trans Young. In the US we are waiting until we have our Pro Trans Young study. It is possible that we can even get conditional approval in Europe for it , and then we want to start a bridging study in the US instead of starting a phase three study. So that it is a way to work more cost-effectively without selling anything.” We have eh we have already started a holding company in Hong Kong. It’s called Nexel Hong Kong. Eh, and the idea is to transfer the rights from Nextcell Pharma to this holding company for Hong Kong and China and that you then eh do it together with a local partner.  I interpret this to mean that they are trying for conditional market entry with Phase 2 data, but it requires that funding for the Phase 3 implementation is in place, for which a partner is needed. Conditional (early) marketing authorization in Europe is also considered a possibility.

NextCell Pharma

Tisdag den 10 februari 2026, hölls extra bolagsstämma i NextCell Pharma AB ("NextCell" eller "Bolaget"). Nedan följer en sammanfattning av de beslut som fattades vid den extra bolagsstämman....

<div class="abstract">Tisdag den 10 februari 2026, hölls extra bolagsstämma i NextCell Pharma AB ("NextCell" eller "Bolaget"). Nedan följer en sammanfattning av de beslut som fattades vid den extra bolagsstämman. Samtliga beslut fattades med erforderlig majoritet. För mer detaljerad information om innehållet i besluten hänvisas till kallelsen till extra bolagsstämman samt fullständiga förslag till beslut, som tidigare har publicerats och finns tillgängliga på Bolagets hemsida, www.nextcellpharma.com.</div><ul>	<li>Den extra bolagstämman beslutade i enlighet med styrelsens förslag om riktad nyemission&nbsp;av högst 15 000 000 aktier, innebärande en ökning av aktiekapitalet med högst 3 075 000 kronor. De nya aktierna emitteras till en kurs om 1 krona per aktie. Teckningskursen baserat på förhandlingar på armlängds avstånd med investerarna med utgångspunkt i den volymviktade genomsnittskursen (VWAP) innan offentliggörandet av den riktade emissionen och bedöms vara marknadsmässig. Rätt att teckna de nya aktierna tillkommer ett antal investerare som på förhand ingått teckningsåtaganden med Bolaget.</li></ul><div></div>