Kalvista Pharm Stock Price, News & Analysis

KalVista Pharmaceuticals (NASDAQ: KALV) announced the publication of phase 2 trial results for its oral treatment, sebetralstat, in treating hereditary angioedema (HAE) attacks, featured in The Lancet. The trial included 68 patients, demonstrating that sebetralstat was well tolerated, offering rapid relief from attacks compared to placebo. Key findings included a significantly longer time to conventional treatment use and a faster onset of symptom relief. The promising results suggest sebetralstat could become the first oral, on-demand treatment for HAE patients. The company anticipates phase 3 KONFIDENT trial results in late 2023.

KalVista Pharmaceuticals (NASDAQ: KALV) announced the expansion of its KONFIDENT trial for sebetralstat, an oral plasma kallikrein inhibitor, into Japan following positive phase 1 data indicating its efficacy and safety for short-term prophylaxis (STP) in Japanese adults. The KONFIDENT-S trial aims to evaluate the treatment's effectiveness. Additionally, a post hoc analysis from a phase 2 trial presented at the 60th Annual Scientific Session of the Western Society of Allergy, Asthma & Immunology demonstrated sebetralstat's consistent symptom relief across attack locations.

KalVista Pharmaceuticals, Inc. (NASDAQ: KALV) announced its participation at the virtual SVB Securities Global Biopharma Conference on February 16, 2023, at 8:40 a.m. ET. A live webcast of the presentation will be available on the company's website, with an audio archive for 30 days post-event. KalVista focuses on developing oral, small molecule protease inhibitors for conditions such as hereditary angioedema (HAE) and diabetic macular edema (DME). The company is actively conducting the Phase 3 KONFIDENT trial for its oral therapy, sebetralstat, targeting HAE attacks and has a pipeline that includes a novel plasma kallikrein inhibitor for DME.

KalVista Pharmaceuticals, Inc. (NASDAQ: KALV) announced the granting of inducement stock options to two new employees, allowing them to purchase a total of 14,000 shares of common stock at an exercise price of $7.64 each, equal to the stock's closing price on the grant date, February 1, 2023. The options will vest over a four-year period, with one-fourth vesting on the one-year anniversary and the remainder in monthly installments, contingent on continued employment. This move follows Nasdaq Listing Rule 5635(c)(4) and aligns with KalVista's commitment to attracting talent in the pharmaceutical sector, particularly in developing therapies for hereditary angioedema and diabetic macular edema.

KalVista Pharmaceuticals has promoted Ben Palleiko to President, expanding his role to lead business and commercial growth following a $58 million financing in December 2022. This financing, led by notable investors, enhances the company’s financial position, providing access to over $190 million for the ongoing Phase 3 KONFIDENT trial for sebetralstat, an oral treatment for hereditary angioedema (HAE). The company anticipates filing a New Drug Application by mid-2024, with data expected in H2 2023.

KalVista Pharmaceuticals has announced a registered direct offering of 9.484 million shares at $6.00 per share and 182,470 prefunded warrants at $5.999, totaling approximately $58 million in gross proceeds. The offering is set to close on December 28, 2022, pending customary conditions. Proceeds will fund clinical trials, commercial sales development, research, and working capital, enabling operations funding into 2025. The shares are offered under an effective shelf registration statement with the SEC, enhancing liquidity for future projects and developments.

KalVista Pharmaceuticals (NASDAQ: KALV) has completed its Phase 1 clinical trial for an orally disintegrating tablet formulation of sebetralstat, with promising results published in the Journal of Medicinal Chemistry and Xenobiotica. Despite terminating the Phase 2 KOMPLETE trial for KVD824 due to safety concerns, the company remains focused on advancing its Phase 3 KONFIDENT trial for sebetralstat, expecting data in H2 2023. Financially, KALV recorded no revenue for Q2, with a net loss of $22.3 million. Cash on hand is $122.3 million, down from $166.2 million, primarily due to operating expenses.

KalVista Pharmaceuticals, Inc. (NASDAQ: KALV) announced the granting of inducement stock options for 2,000 shares to a newly-hired employee, effective December 1, 2022. The options have an exercise price of $5.34, matching the closing stock price on the grant date. Vesting occurs in stages, with a quarter vesting after one year and the remainder in monthly installments over three years. KalVista focuses on developing innovative therapies for conditions like hereditary angioedema and diabetic macular edema, with ongoing clinical trials for sebetralstat and KVD001.

KalVista Pharmaceuticals (NASDAQ: KALV) presented two impactful posters at the 2022 American College of Allergy, Asthma & Immunology meeting, revealing the significant effects of hereditary angioedema (HAE) attacks on patients' mental health and daily activities. Over half of HAE patients reported limitations in functions due to the condition. The second poster highlighted the treatment burden related to on-demand parenteral therapies, noting common adverse drug reactions. CEO Andrew Crockett emphasized the need for less traumatic treatment options, leading to KalVista’s focus on developing oral therapies for HAE.