Welcome to our dedicated page for Kala Pharmaceuticals news (Ticker: KALA), a resource for investors and traders seeking the latest updates and insights on Kala Pharmaceuticals stock.
KALA BIO, Inc. (NASDAQ: KALA) generates news that spans clinical trial developments, strategic reviews, financing transactions and capital structure changes in the ophthalmology-focused biopharmaceutical space. As a clinical-stage company centered on rare and severe eye diseases, its updates often revolve around the progress and outcomes of its investigational programs and the funding required to support them.
A major theme in recent KALA news has been the development of KPI-012, a human mesenchymal stem cell secretome (MSC-S) therapy studied for persistent corneal epithelial defect (PCED). The company has reported on milestones such as completion of enrollment in the CHASE Phase 2b trial and, later, topline results showing that the study did not meet its primary or key secondary endpoints. These disclosures were accompanied by announcements about ceasing development of KPI-012 and the MSC-S platform, workforce reductions and an evaluation of strategic options.
Another significant stream of news involves financing and restructuring. KALA has issued press releases on a registered direct offering of common stock, a securities purchase agreement for non-voting convertible preferred stock, and a convertible loan agreement, as well as updates on a loan settlement with Oxford Finance LLC that resolved substantial debt obligations. Leadership and governance changes, including appointments in executive roles and board positions, have also been reported.
Investors and followers of KALA BIO’s news can expect coverage related to clinical data readouts, regulatory designations, Nasdaq listing compliance matters, debt settlements, equity offerings and strategic transaction discussions. Monitoring this news flow provides context on the company’s evolving pipeline priorities, financial position and potential corporate actions. For an ongoing view of these developments, readers can review the chronological news feed associated with the KALA ticker.
Kala Pharmaceuticals, Inc. (NASDAQ:KALA) will announce its first quarter 2021 financial results on May 5, 2021. A conference call will follow at 8:00 a.m. ET to discuss results and provide a business update. Dial-in numbers are 866-300-4091 (domestic) and 703-736-7433 (international) with conference ID 2777865. The company focuses on innovative therapies for eye diseases, utilizing its AMPPLIFY® drug delivery technology in products like EYSUVIS® for dry eye and INVELTYS® for postoperative inflammation. Visit kalarx.com for more information.
Kala Pharmaceuticals (NASDAQ: KALA) announced the granting of stock options to four new employees as part of inducement awards outside the Company’s 2017 Equity Incentive Plan, in line with NASDAQ Rule 5635(c)(4). The options, totaling 32,200 shares, were granted on March 15, 2021, with an exercise price set at $7.54 per share, coinciding with the closing stock price on that date. These options have a ten-year term, vesting over four years, subject to each employee's continued service.
Kala Pharmaceuticals (NASDAQ:KALA) announced that Cigna has added its product EYSUVIS (loteprednol etabonate ophthalmic suspension) 0.25% to its commercial formulary as a preferred brand, effective May 15, 2021. This addition is expected to enhance patient access to EYSUVIS, which is the first prescription drug approved for the short-term treatment of dry eye disease symptoms. The company aims to engage with additional health plans to expand coverage for this therapy, enhancing its market presence.
Kala Pharmaceuticals, Inc. (NASDAQ:KALA) will participate in two virtual healthcare investor conferences in March 2021. The H.C. Wainwright Global Life Sciences Conference is scheduled for March 9-10, featuring a pre-recorded presentation available on March 9 at 7:00 am ET. The Oppenheimer 31st Annual Healthcare Conference will follow on March 16 at 3:50 pm ET with a fireside chat. Interested parties can access recordings on Kala's website under the 'Events' section.
Kala Pharmaceuticals, Inc. (NASDAQ:KALA) reported financial results for Q4 and full year 2020, emphasizing a pivotal year with FDA approval of EYSUVIS for dry eye disease. The company achieved $2.2 million in net product revenues for Q4, with $1.9 million from INVELTYS and $0.3 million from EYSUVIS. Despite increasing revenues, net loss for Q4 was $31.1 million and full year loss was $104.3 million. Kala has a strong cash position of $153.5 million as of Dec 31, 2020, allowing continued investment in pipeline programs addressing various ocular diseases.
Kala Pharmaceuticals, Inc. (NASDAQ:KALA) will announce its fourth quarter and full year 2020 financial results on February 25, 2021. A conference call will be held at 8:00 a.m. ET to discuss these results and provide a business update. Shareholders can use dial-in numbers 866-300-4091 (domestic) or 703-736-7433 (international) with conference ID 5865513. Kala is known for its innovative therapies for eye diseases, including EYSUVIS™ and INVELTYS™, and has ongoing pre-clinical development programs targeting key medical needs.
Kala Pharmaceuticals (NASDAQ:KALA) announced the grant of non-statutory stock options to two new employees totaling 16,500 shares. The options, issued on February 12, 2021, have an exercise price of $8.63 per share, equal to the stock's closing price on that date. The vesting schedule allows for 25% to vest after one year, with the remainder vesting monthly over three years, contingent on continued employment. This move aligns with NASDAQ Listing Rule 5635(c)(4) to attract new talent.
Kala Pharmaceuticals, Inc. (NASDAQ:KALA) announced that Express Scripts has added EYSUVIS (loteprednol etabonate ophthalmic suspension) 0.25% to its National Preferred Formularies, effective February 5, 2021. EYSUVIS is the first therapy approved for the short-term treatment of dry eye disease symptoms. This addition is seen as a milestone to enhance patient access to treatment. EYSUVIS, approved in October 2020, utilizes proprietary AMPPLIFY Drug Delivery Technology for improved efficacy. The company plans to further increase formulary coverage in upcoming months.
Kala Pharmaceuticals, Inc. (NASDAQ: KALA) announced the grant of non-statutory stock options to two new employees as inducement awards outside the Company’s 2017 Equity Incentive Plan. A total of 8,000 stock options were granted on January 15, 2021, at an exercise price of $7.49 per share. The options have a ten-year term and vest over four years, with 25% vesting at the first anniversary of employment. This move complies with NASDAQ Listing Rule 5635(c)(4) and aims to incentivize new hires as they join Kala Pharmaceuticals.
Kala Pharmaceuticals, Inc. (NASDAQ:KALA) has launched EYSUVIS (loteprednol etabonate ophthalmic suspension) 0.25%, approved for the short-term treatment of dry eye disease. It is now available in U.S. pharmacies. The company has expanded its ophthalmology sales force to 91 professionals and aims for 125 by 2021, pending COVID-19 conditions. With approximately $153.5 million in cash as of December 31, 2020, Kala expects to fund operations through 2022, leveraging EYSUVIS sales for financial stability.
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