Sprint Bioscience AB (publ) SPRINT

First North | Biotech | Biotech (preclinical oncology drug development)
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Updated: 27 Sep 2026 Base analysis: 6 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

NEUTRAL Partly clear

Hold/watch; consider adding only after confirmed new deals or milestones.

The new AI collaboration with Lilly strengthens validation of the company's methodology but leaves preclinical risk and uncertainty around future milestones unchanged.

Market sentiment Positive ↑
Trend: Improving

Sentiment has strengthened further following the new AI partnership, viewed as a quality stamp.

Risk assessment High
Dilution: Medium Preclinical company; lumpy revenues and ongoing burn
Jurisdiction: Low Sweden with stable regulatory framework
Execution: Medium Preclinical development and partner dependence
Cash flow: 24 mo

NEUTRAL is the call. Positive is the market mood. High risk means a lot can go wrong.

Latest change
  • 27 Aug 2026 — The report shows zero revenue and ongoing burn, driven by the company remaining in preclinical stage without licensing income.

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About the company

Sprint Bioscience AB (publ) is a Swedish biotech company developing preclinical small-molecule programs, mainly in cancer and tumor metabolism. Its model is to create assets early and out-license/sell them to larger pharma partners. The TREX1 program was sold to Gilead with an upfront payment and potential future milestones.

Sector: Biotech (preclinical oncology drug development)
Type: Biotech
Next report (Q3)
11 Nov 2026
Catalysts
◦
Date TBA
Share issue authorization up to 25 % dilution
Bull case

Access to Lilly's predictive AI models can accelerate out-licensing and increase potential deal values.

Bear case

Preclinical stage and irregular revenues imply continued high risk of cash burn and future capital needs.

Why this signal

The new AI collaboration with Lilly strengthens validation of the company's methodology but leaves preclinical risk and uncertainty around future milestones unchanged.

Recent news
  • The company participated in Nordic Life Science Days and IPLS in September and plans to attend Bio Japan and BIO-Europe. A doctoral thesis on DCPS inhibitors co-funded with Sprint Bioscience was presented at Karolinska Institutet. Analysts from Aktiespararna and Redeye highlight the positive Lilly TuneLab AI collaboration.

Key figures

Revenue
Q2 2026
SEK 0.0M
Net income
Q2 2026
SEK -16.2M
Cash
Q2 2026
SEK 93.3M
Exchange
First North
Type
Biotech
Sector
Biotech (preclinical oncology drug development)
Sprint Bioscience AB (publ) SPRINT
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