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Kairos Pharma reports news as a clinical-stage biopharmaceutical company developing cancer therapeutics designed to address drug resistance and immune suppression. Its updates center on ENV-105, also described as carotuximab, a CD105-targeting antibody program studied in prostate cancer and non-small cell lung cancer, along with broader oncology pipeline and structural-biology themes.
Company news also covers scientific conference presentations, clinical-data disclosures, annual meeting and shareholder matters, award recognition, and annual filing updates. Kairos has stated that ENV-105 has not been approved as safe or effective by the FDA or comparable foreign regulators.
Kairos Pharma (NYSE American: KAPA) has successfully closed its initial public offering, raising $6.2 million by selling 1,550,000 shares at $4.00 each. Trading began on September 16, 2024. The company plans to use the funds to advance its cancer therapeutics pipeline, including a Phase 1 trial for lung cancer and a Phase 2 trial for prostate cancer with its lead candidate ENV 105. Additionally, proceeds will support preclinical development of KROS 101, a small molecule agonist for GITR ligand. Underwriters have a 45-day option to purchase up to 232,500 additional shares. Boustead Securities led the offering, with EF Hutton and Sutter Securities as co-managers.
Kairos Pharma, a clinical stage biopharmaceutical company, has announced the pricing of its initial public offering (IPO) of 1,550,000 common stock shares at $4.00 per share. The company expects to raise $6.2 million in gross proceeds before deducting underwriting fees and other expenses. Kairos Pharma has granted underwriters a 45-day option to purchase up to an additional 232,500 shares at the same price. The company's stock is set to begin trading on the NYSE American under the symbol 'KAPA' on September 16, 2024. Kairos Pharma plans to use the net proceeds to fund its Phase 1 trial in lung cancer and Phase 2 trial in prostate cancer for its lead product candidate ENV 105, as well as advance preclinical candidates like KROS 101.