Sprint Bioscience AB (publ) SPRINT

First North | Biotech | Biotech (preclinical oncology drug development)
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Updated: 12 Nov 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 after the Q3 report and 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
  • 12 Nov 2026 — Report shows zero revenue and continued negative result driven by preclinical burn.

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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 (Annual)
11 Feb 2027
Catalysts
◦
Date TBA
Authorisation for share issue up to 25 % dilution
Bull case

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

Bear case

Preclinical stage and irregular revenues imply continued high burn risk and need for future capital.

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 Q3 report was published on 11 November showing net sales of 0 MSEK and operating result of –14.7 MSEK. The share rose 7 % after the report. The company presented VRK1 data at ENA 2026 and received Vinnova funding. The next report is the year-end release on 11 February 2027.

Key figures

Revenue
Q2 2026
SEK 0.0M
Net income
Q2 2026
SEK -16.2M
Cash
Q2 2026
SEK 93.3M
Shares outstanding
Q3 2026
SEK 106M
EPS
Q2 2026
SEK -0.15
Exchange
First North
Type
Biotech
Sector
Biotech (preclinical oncology drug development)
Sprint Bioscience AB (publ) SPRINT
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