Hansa’s Q1 2025 report is out. An hour before its release, CEO Søren Tulstrup was fired, effective immediately. Renée Aguiar-Lucander (Linkedin) starts as the new CEO and will already participate in today’s conference call.
Aguiar-Lucander served for seven years as CEO of Calliditas Therapeutics AB where she successfully led the company through a dual listing on NASDAQ in both Sweden and the U.S. During her tenure, the company successfully launched and commercialized the first ever approved drug for immunoglobulin A (IgA) nephropathy - -. Prior to that, Aguiar-Lucander had a long and successful career in the healthcare investment sector -
The Q1 result was not as terrible as one might have feared from the news of the CEO change, but it was by no means good. Revenue was 66.3 MSEK, which was almost entirely Idefirix sales. Commercially treated patients numbered approximately 22, which is certainly an increase from the previous quarter’s downturn, but otherwise quite flat compared to last year. Cash flow was negative by 151.9 MSEK, and cash reserves are now less than two quarters’ worth, i.e., 250 MSEK. The new CEO’s fundraising skills will be needed.
