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Kamada Announces Launch of a Comprehensive Post-Marketing Research Program for CYTOGAM®

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Kamada (NASDAQ: KMDA) has launched a comprehensive post-marketing research program for CYTOGAM®, its Cytomegalovirus Immune Globulin product. The program includes 10 studies focused on CMV management in solid organ transplantation, conducted with leading U.S. physicians. CYTOGAM® generated $22.5 million in revenue in 2024, a 31% increase from the previous year. Recent studies have shown promising results, including a five-year retrospective study of 325 lung-transplant patients and research showing CYTOGAM has 4-fold higher anti-CMV antibodies than regular IVIGs. The FDA approved Kamada's application to manufacture CYTOGAM in May 2023. The new research program aims to generate data supporting CYTOGAM's benefits in CMV prevention and management, explore new dosing strategies, and investigate potential applications.
Kamada (NASDAQ: KMDA) ha avviato un ampio programma di ricerca post-commercializzazione per CYTOGAM®, il suo prodotto di Immunoglobuline per il Citomegalovirus. Il programma comprende 10 studi focalizzati sulla gestione del CMV nei trapianti di organi solidi, condotti con i principali medici statunitensi. CYTOGAM® ha generato 22,5 milioni di dollari di ricavi nel 2024, con un incremento del 31% rispetto all'anno precedente. Studi recenti hanno mostrato risultati promettenti, tra cui uno studio retrospettivo di cinque anni su 325 pazienti trapiantati di polmone e ricerche che evidenziano come CYTOGAM possieda un livello di anticorpi anti-CMV quattro volte superiore rispetto alle IVIG standard. La FDA ha approvato la domanda di Kamada per la produzione di CYTOGAM nel maggio 2023. Il nuovo programma di ricerca mira a generare dati a supporto dei benefici di CYTOGAM nella prevenzione e gestione del CMV, esplorare nuove strategie di dosaggio e investigare potenziali applicazioni.
Kamada (NASDAQ: KMDA) ha lanzado un programa integral de investigación post-comercialización para CYTOGAM®, su producto de Inmunoglobulina contra el Citomegalovirus. El programa incluye 10 estudios centrados en el manejo del CMV en trasplantes de órganos sólidos, realizados con destacados médicos de EE. UU. CYTOGAM® generó 22.5 millones de dólares en ingresos en 2024, un incremento del 31% respecto al año anterior. Estudios recientes han mostrado resultados prometedores, incluyendo un estudio retrospectivo de cinco años con 325 pacientes trasplantados de pulmón y una investigación que demuestra que CYTOGAM tiene anticuerpos anti-CMV cuatro veces más altos que las IVIG regulares. La FDA aprobó la solicitud de Kamada para fabricar CYTOGAM en mayo de 2023. El nuevo programa de investigación busca generar datos que respalden los beneficios de CYTOGAM en la prevención y manejo del CMV, explorar nuevas estrategias de dosificación e investigar posibles aplicaciones.
Kamada (NASDAQ: KMDA)는 자사의 사이토메갈로바이러스 면역글로불린 제품인 CYTOGAM®에 대한 포괄적인 시판 후 연구 프로그램을 시작했습니다. 이 프로그램에는 미국 주요 의사들과 함께 진행하는 고형 장기 이식에서 CMV 관리에 초점을 맞춘 10개의 연구가 포함되어 있습니다. CYTOGAM®은 2024년에 2250만 달러의 매출을 기록했으며, 이는 전년 대비 31% 증가한 수치입니다. 최근 연구에서는 325명의 폐 이식 환자를 대상으로 한 5년간의 후향적 연구와 CYTOGAM이 일반 IVIG보다 4배 높은 항-CMV 항체를 보유하고 있다는 결과 등 유망한 결과가 나타났습니다. FDA는 2023년 5월 Kamada의 CYTOGAM 제조 신청을 승인했습니다. 이번 새로운 연구 프로그램은 CMV 예방 및 관리에서 CYTOGAM의 이점을 뒷받침하는 데이터를 생성하고, 새로운 투여 전략을 탐구하며, 잠재적 적용 가능성을 조사하는 것을 목표로 합니다.
Kamada (NASDAQ : KMDA) a lancé un programme complet de recherche post-commercialisation pour CYTOGAM®, son produit d'immunoglobuline contre le cytomégalovirus. Ce programme comprend 10 études axées sur la gestion du CMV lors des transplantations d'organes solides, menées avec des médecins de premier plan aux États-Unis. CYTOGAM® a généré 22,5 millions de dollars de revenus en 2024, soit une augmentation de 31 % par rapport à l'année précédente. Des études récentes ont montré des résultats prometteurs, notamment une étude rétrospective de cinq ans portant sur 325 patients transplantés du poumon et des recherches démontrant que CYTOGAM possède un taux d’anticorps anti-CMV quatre fois supérieur à celui des IVIG classiques. La FDA a approuvé la demande de Kamada pour la fabrication de CYTOGAM en mai 2023. Ce nouveau programme de recherche vise à générer des données soutenant les bénéfices de CYTOGAM dans la prévention et la gestion du CMV, à explorer de nouvelles stratégies de dosage et à étudier ses applications potentielles.
Kamada (NASDAQ: KMDA) hat ein umfassendes Post-Marketing-Forschungsprogramm für CYTOGAM®, sein Cytomegalovirus-Immunglobulin-Produkt, gestartet. Das Programm umfasst 10 Studien, die sich auf das Management von CMV bei Organtransplantationen konzentrieren und mit führenden US-Ärzten durchgeführt werden. CYTOGAM® erzielte im Jahr 2024 einen Umsatz von 22,5 Millionen US-Dollar, was einer Steigerung von 31% gegenüber dem Vorjahr entspricht. Aktuelle Studien zeigten vielversprechende Ergebnisse, darunter eine fünfjährige retrospektive Studie mit 325 Lungentransplantationspatienten sowie Forschungen, die zeigen, dass CYTOGAM viermal höhere Anti-CMV-Antikörper als herkömmliche IVIGs aufweist. Die FDA genehmigte im Mai 2023 Kamadas Antrag zur Herstellung von CYTOGAM. Das neue Forschungsprogramm zielt darauf ab, Daten zu generieren, die die Vorteile von CYTOGAM bei der CMV-Prävention und -Behandlung unterstützen, neue Dosierungsstrategien zu erforschen und potenzielle Anwendungen zu untersuchen.
Positive
  • Revenue from CYTOGAM reached $22.5 million in 2024, growing 31% year-over-year
  • Recent study showed CYTOGAM has 4-fold higher anti-CMV antibodies than regular IVIGs
  • FDA manufacturing approval obtained in May 2023
  • Comprehensive research program with 10 studies could expand product utilization
Negative
  • None.

Insights

Kamada launches extensive research program for CYTOGAM, a growing revenue source ($22.5M, +31% YoY), aiming to strengthen its clinical evidence base.

Kamada's announcement of a comprehensive post-marketing research program for CYTOGAM represents a strategic investment to strengthen the product's market position in solid organ transplantation. With $22.5 million in revenue from CYTOGAM in 2024 - a substantial 31% year-over-year increase - the company is clearly focusing resources on a growth asset following FDA manufacturing approval in May 2023.

The program's structure, featuring 10 studies conducted primarily as Investigator-Initiated Studies (IIS) in collaboration with leading U.S. physicians, leverages external expertise while potentially optimizing research costs. This approach to evidence generation is methodically designed with multiple objectives: exploring novel strategies for CMV prevention, investigating alternative dosing, identifying potential new applications, and conducting health economic analyses.

The inclusion of health economic studies is particularly significant from a commercial perspective. Such data can strengthen reimbursement positioning and value propositions to payers in the specialty transplantation market. CEO Amir London explicitly connects this research investment to commercial objectives, stating the program "may demonstrate various benefits of CYTOGAM... supporting further product utilization over coming years."

Initial conference presentations have already begun establishing clinical evidence, with recent data from April 2025 demonstrating CYTOGAM contains 4-fold higher anti-CMV antibodies than regular IVIGs - providing differentiation in the marketplace. While the full impact will take years to materialize as studies complete, this systematic evidence-building approach follows industry best practices for strengthening commercial positioning of specialty pharmaceutical products.

Comprehensive CYTOGAM research program addresses critical gaps in CMV management for transplant patients with promising preliminary evidence.

This ambitious research initiative addresses a persistent challenge in transplantation - cytomegalovirus disease, which significantly increases risk of graft rejection and mortality. Despite CYTOGAM's established role in transplantation protocols, the company correctly identifies that "for years no material new up-to-date clinical data regarding the benefits of CYTOGAM were published," representing a critical evidence gap in modern transplantation medicine.

The research agenda strategically targets high-priority clinical questions: late-onset CMV prevention strategies, mitigation approaches for active CMV disease, alternative dosing protocols, and potential expanded applications. From a clinical perspective, the preliminary evidence presented at major conferences appears promising. Dr. Torres' five-year retrospective cohort study of 325 lung transplant patients suggested improved outcomes in high-risk CMV-mismatched recipients using multimodality prophylaxis including CYTOGAM.

Particularly intriguing is Dr. Chow's analysis presented at the American Transplant Congress, which demonstrated "potential anti-viral and disease attenuation effect" even in moderate to low-risk liver transplant patients. This suggests CYTOGAM's utility might extend beyond the highest-risk populations typically targeted with intensive prophylaxis regimens.

The mechanistic investigation showing CYTOGAM contains 4-fold higher anti-CMV antibodies than regular IVIGs provides biological plausibility for its clinical effects. The program's comprehensive design spanning basic science, clinical outcomes, and health economics represents a thorough approach to evidence generation. The collaborative methodology engaging Key Opinion Leaders while utilizing investigator-initiated studies enhances credibility within the transplant community, potentially accelerating clinical practice adoption if results prove positive.

  • Program Aimed at Generating Key Data in Support of the Benefits of CYTOGAM® in the Management of Cytomegalovirus (CMV) in Solid Organ Transplantation
  • A Total of 10 Studies will be Conducted in Collaboration with Leading U.S. Physicians, Primarily as Investigator-Initiated Studies (IIS)
  • Results of the Planned Studies are Expected to be Published and/or Presented in Peer Reviewed Industry Journals and Medical Meetings in the Coming Years

REHOVOT, Israel, and HOBOKEN, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Kamada Ltd. (NASDAQ: KMDA; TASE: KMDA.TA), a global biopharmaceutical company with a portfolio of marketed products indicated for rare and serious conditions and a leader in the specialty plasma-derived field, today announced the launch of a new post-marketing research program aimed at generating key data in support of the benefits of CYTOGAM®, the Company’s Cytomegalovirus Immune Globulin, in the management of cytomegalovirus (CMV) in solid organ transplantation.

The research program, developed in collaboration with leading Key Opinion Leaders (KOLs), is directed at advancing CMV disease management through novel strategies focused on late-onset CMV prevention and mitigation of active CMV disease, exploring alternative dosing strategies, and investigating potential new applications of CYTOGAM. The program also includes research aimed at enhancing the understanding of CYTOGAM’s mechanism of action and its functional properties against CMV and other viruses. Health economic studies to analyze the cost burden of CMV in solid organ transplantation are also planned, along with a clinical practice study to better understand the nuances of current CMV management in lung transplantation.

“CMV disease continues to be a significant risk factor for graft rejection and mortality in organ transplantation, however, for years no material new up-to-date clinical data regarding the benefits of CYTOGAM were published,” said Amir London, Kamada’s Chief Executive Officer. “We believe that the data to be generated through our comprehensive program may demonstrate the various benefits of CYTOGAM in the prevention and management of CMV disease, supporting further product utilization over the coming years. This innovative program highlights our commitment to addressing CMV infection in solid organ transplanted patients through cutting-edge research and collaborations with leading experts in the field. We appreciate the participating thought leaders and their collaboration and support around the design and prioritization of the studies.”

The U.S. Food and Drug Administration (FDA) approved Kamada’s application to manufacture CYTOGAM in May 2023. During the year ended December 31, 2024, Kamada recognized revenues of $22.5 million from sales of CYTOGAM, a 31% increase over the prior fiscal year.

Over the past two years, Kamada has engaged KOLs to study and present their ongoing clinical experiences with CYTOGAM. At ID Week 2023, Fernando Torres M.D., Clinical Chief, Division of Pulmonary and Critical Care at University of Texas Southwestern Medical Center, presented the results of his investigator-initiated five-year retrospective cohort study of 325 lung-transplant patients comparing CYTOGAM in combination with anti-viral agents for CMV prophylaxis in high-risk CMV-mismatch to intermediate and low CMV risk lung transplant patients. In their presentation, Dr. Torres and his colleagues concluded that the use of a proactive multimodality CMV prophylaxis, consisting of antivirals and immune augmentation with CMV immunoglobulin, may improve outcomes among high-risk CMV mismatch lung transplant recipients. At the American Transplant Congress in 2024, Jennifer Chow, MD, Transplant Infectious Diseases specialist at Tufts Medical Center, presented the results of an IIS analyzing the stored samples of a previously conducted placebo-controlled randomized controlled interventional study of CYTOGAM prophylaxis that demonstrates the potential anti-viral and disease attenuation effect of CYTOGAM in moderate to low CMV risk liver transplant patients. Recently, in April 2025, Kamada presented the results of internal research comparing the functional properties of CYTOGAM and regular immune globulin intravenous (IVIG)against CMV and other common viruses at the International Society for Heart & Lung Transplantation 2025 Annual Meeting. The study demonstrates that CYTOGAM has 4-fold higher anti-CMV antibodies than regular IVIGs, while also highlighting the polyvalent characteristics of both hyperimmune globulins, such as CYTOGAM, and regular IVIGs, which are not well described in the literature.

About CYTOGAM®
CYTOGAM® (Cytomegalovirus Immune Globulin Intravenous [Human]) (CMV-IGIV) is indicated for the prophylaxis of cytomegalovirus disease associated with the transplantation of the kidney, lung, liver, pancreas and heart. The product is the sole FDA-approved immunoglobulin (IgG) product for this indication.

Important Safety Information
CYTOGAM is contraindicated in individuals with a history of a prior severe reaction associated with the administration of this or other human immunoglobulin preparations. Persons with selective immunoglobulin A deficiency have the potential for developing antibodies to immunoglobulin A and could have anaphylactic reactions to subsequent administration of blood products that contain immunoglobulin A, including CYTOGAM.

Immune Globulin Intravenous (Human) products have been reported to be associated with renal dysfunction, acute renal failure, osmotic nephrosis and death. Patients predisposed to acute renal failure include patients with any degree of preexisting renal insufficiency, diabetes mellitus, age greater than 65, volume depletion, sepsis, paraproteinemia, or patients receiving known nephrotoxic drugs. Especially in such patients, IGIV products should be administered at the minimum concentrations available and the minimum rate of infusion practicable. Agents containing sucrose as a stabilizer (CYTOGAM contains sucrose) have been associated with reports of renal dysfunction given at daily doses of 350 mg/kg or greater.

During administration, the patient’s vital signs should be monitored continuously, and careful observation made for any symptoms throughout the infusion. Epinephrine and diphenhydramine should be available for the treatment of an acute anaphylactic reaction.

Increases in serum creatinine and blood urea nitrogen (BUN) have been observed as soon as one to two days following IGIV infusion. Progression to oliguria or anuria requiring dialysis has been observed.

Immune Globulin Intravenous (Human) products can contain blood group antibodies which may act as hemolysins and induce in vivo coating of red blood cells with immunoglobulin, causing a positive direct antiglobulin reaction and, rarely, hemolysis.

CYTOGAM is derived from human plasma. As with all plasma-derived products, the risk of transmission of infectious agents, including viruses and, theoretically, the Creutzfeldt-Jakob disease (CJD) agent, cannot be completely eliminated.

Minor reactions, such as flushing, chills, muscle cramps, back pain, fever, nausea, vomiting, arthralgia, and wheezing, were the most frequent adverse reactions observed during the clinical trials for CYTOGAM.

Please see full Prescribing Information for full prescribing details.

To report SUSPECTED ADVERSE REACTIONS, contact Kamada at pharmacovigilance@kamada.com or 1-(866)-916-0077 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

About Kamada
Kamada Ltd. (the “Company”) is a global biopharmaceutical company with a portfolio of marketed products indicated for rare and serious conditions and a leader in the specialty plasma-derived therapies field. The Company’s strategy is focused on driving profitable growth through four primary growth pillars: First, organic growth from its commercial activities, including continued investment in the commercialization and life cycle management of its proprietary products, which include six FDA-approved specialty plasma-derived products: KEDRAB®, CYTOGAM®, GLASSIA®, WINRHO SDF®, VARIZIG® and HEPAGAM B®, as well as KAMRAB®, KAMRHO (D)® and two types of equine-based anti-snake venom products, and the products in the distribution segment portfolio, mainly through the launch of several biosimilar products in Israel. Second: the Company aims to secure significant new business development, in-licensing, collaboration and/or merger and acquisition opportunities, which are anticipated to enhance the Company’s marketed products portfolio and leverage its financial strength and existing commercial infrastructure to drive long-term growth. Third: the Company is expanding its plasma collection operations to support revenue growth through the sale of normal source plasma to other plasma-derived manufacturers, and to support its increasing demand for hyper-immune plasma. The Company currently owns three operating plasma collection centers in the United States, in Beaumont Texas, Houston Texas, and San Antonio, Texas. Lastly, the Company is leveraging its manufacturing, research and development expertise to advance the development and commercialization of additional product candidates, targeting areas of significant unmet medical need, with the lead product candidate Inhaled AAT, for which the Company is continuing to progress the InnovAATe clinical trial, a randomized, double-blind, placebo-controlled, pivotal Phase 3 trial. FIMI Opportunity Funds, the leading private equity firm in Israel, is the Company’s controlling shareholder, beneficially owning approximately 38% of the outstanding ordinary shares.

Cautionary Note Regarding Forward-Looking Statements
This release includes forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts, including statements regarding: 1) program’s ability to generate key data in support of the benefits of CYTOGAM in the management of CMV in solid organ transplantation, 2) Kamada’s ability to conduct 10 studies for the program, 3) the timing of publishing/presentation of the results, 4) successful FDA approval for additional uses of CYTOGAM, and 5) increased utilization of CYTOGAM as a result of positive results from the program or otherwise. Forward-looking statements are based on Kamada’s current knowledge and its present beliefs and expectations regarding possible future events and are subject to risks, uncertainties and assumptions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors including, but not limited to the evolving nature of the conflicts in the Middle East and the impact of such conflicts in Israel, the Middle East and the rest of the world, the impact of these conflicts on market conditions and the general economic, industry and political conditions in Israel, the U.S. and globally, and particularly the effect on establishment and timing of the program, Kamada’s ability to leverage new business opportunities and integrate new product portfolio relating to CYTOGAM, unexpected results of the program, regulatory delays, and other risks detailed in Kamada’s filings with the U.S. Securities and Exchange Commission (the “SEC”) including those discussed in its most recent Annual Report on Form 20-F and in any subsequent reports on Form 6-K, each of which is on file or furnished with the SEC and available at the SEC’s website at www.sec.gov. The forward-looking statements made herein speak only as of the date of this announcement and Kamada undertakes no obligation to update publicly such forward-looking statements to reflect subsequent events or circumstances, except as otherwise required by law.

CONTACTS:
Chaime Orlev
Chief Financial Officer
IR@kamada.com

Brian Ritchie
LifeSci Advisors, LLC
212-915-2578
britchie@LifeSciAdvisors.com


FAQ

What is the revenue growth of Kamada's CYTOGAM in 2024?

CYTOGAM generated revenue of $22.5 million in 2024, representing a 31% increase compared to the previous fiscal year.

How many studies are included in Kamada's new CYTOGAM research program?

The research program includes a total of 10 studies that will be conducted in collaboration with leading U.S. physicians, primarily as Investigator-Initiated Studies (IIS).

What are the key findings of CYTOGAM's comparison with regular IVIG?

Research presented in April 2025 showed that CYTOGAM has 4-fold higher anti-CMV antibodies compared to regular immune globulin intravenous (IVIG).

When did the FDA approve Kamada's application to manufacture CYTOGAM?

The U.S. Food and Drug Administration (FDA) approved Kamada's application to manufacture CYTOGAM in May 2023.

What was the outcome of Dr. Torres' five-year study on CYTOGAM in lung transplant patients?

The study of 325 lung-transplant patients concluded that using proactive multimodality CMV prophylaxis with antivirals and CYTOGAM may improve outcomes among high-risk CMV mismatch lung transplant recipients.
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