Orexo publishes transcript of Q2 2026 earnings call
- Orexo released the transcript of its Q2 2026 earnings call attended by CEO Nikolaj Sorensen and CFO Fredrik Jarrsten.
- Management flagged elevated Q2 cash outflow tied to legacy Zubsolv rebates; own cash SEK 233 million, with SEK 44 million payable to Dexcel.
- OPEX totaled SEK 107 million, inflated by a GAIA settlement of about SEK 20 million and higher DOJ-related legal fees; normalized OPEX seen near SEK 60 million.
- DOJ talks described as more constructive, with settlement payments expected over several years; parts potentially covered by D&O insurance for individuals.
- Izipry filing targeted for September with a 6-month FDA review; OX640 pivotal plan centers on nasal allergy challenge in Q4 2026, with about SEK 200 million to filing.
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