Annual Report 2025

Annual Report 2025

2026 Outlook

2026 marks a defining year on the path to Vision 2030 with three strategic priorities:

  • Impact more patients globally with VYVGART, driving broader adoption across current patient populations and unlocking new opportunities with potential label expansions

  • Shape the long-term future of FcRn medicines, advancing future FcRn molecules, innovative delivery modalities and combination approaches designed to transform patient outcomes

  • Deliver next wave of immunology innovation, accelerating empasiprubart and diversified pipeline of first-in-class molecules to drive sustainable value creation

12-18 Month Catalyst Outlook

Phase 3 Data Readouts

12-18 Month Catalyst Outlook (graphic)

Other 2026 and 2027 Milestones:

  • Seronegative gMG FDA decision on approval expected on May 10, 2026

  • Registrational clinical trial in Graves’ disease expected to initiate in 2026


  • adimanebart CMS registrational clinical trial on track to start in third quarter of 2026

  • ARGX‑213 expected to enter patient clinical trials in 2026

  • ARGX‑124 expected to complete Phase 1 by end of 2026


  • ARGX‑121 Phase 2 in IgA nephropathy expected to start in 2026


  • Three new molecules expected to enter Phase 1 in 2026: ARGX‑118, ARGX‑125, TSP‑101