On Tuesday, Kymera Therapeutics shares leaped 12% following the biotechnology firm’s update on its product pipeline.
The New York-based company announced progress in its programs for atopic dermatitis (AD) and asthma, which has sparked a positive response in the market.
Kymera, focused on advancing protein degradation therapeutics, intends to release preliminary data from its STAT6 degrader program, known as KT-621, within the second quarter.
Additionally, the company is poised to progress into a Phase 1b clinical trial for AD, with results expected to be disclosed in the fourth quarter of this year.
The company’s roadmap includes initiating mid-stage trials for both AD and asthma treatments. These trials are scheduled to commence in late 2025 and early 2026, respectively, marking significant milestones in Kymera’s strategic development plan.
In its pursuit of novel therapeutics, Kymera is not only working on the STAT6 degrader but is also developing a TYK2 degrader and an IRAK4 degrader.
The latter is being developed in collaboration with the pharmaceutical giant Sanofi (NASDAQ:SNY), showcasing the company’s commitment to forging strategic partnerships in the industry.
Kymera also revealed plans to announce its next immunology program within the first half of the current year.
Kymera has reassured stakeholders of its financial stability, reiterating an expected cash runway that will sustain operations into mid-2027, thereby underlining the company’s confidence in its long-term strategy and ongoing research initiatives.
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