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Kodiak Sciences Announces First Patients Enrolled in Global Phase 3 ALTO trial of KSI-501 in Patients with Diabetic Macular Edema

(Moderate)
(Positive)

Kodiak Sciences (Nasdaq: KOD) reported enrollment of the first patients in its global registrational Phase 3 ALTO trial of investigational bispecific therapy KSI-501 in diabetic macular edema (DME). The study is designed to test superiority of dual IL‑6/VEGF inhibition versus aflibercept (anti‑VEGF) monotherapy.

ALTO will enroll approximately 910 patients, randomized 5:3:5 across two KSI‑501 dosing regimens and an aflibercept control, with treatment and follow‑up over ~96 weeks. The primary endpoint is mean change in best‑corrected visual acuity at Weeks 48–52, with a key secondary endpoint of ≥2‑step DRSS improvement at Week 48. According to Kodiak, ALTO and the fully enrolled DAYBREAK Phase 3 wet AMD trial position KSI‑501, alongside Zenkuda and KSI‑101, within a late‑stage portfolio targeting the $15 billion anti‑VEGF retinal market, with multiple topline data readouts expected between September 2026 and 2Q 2027.

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Positive

  • ~910-patient Phase 3 ALTO trial launched in DME with active comparator aflibercept
  • Registrational design with visual acuity primary endpoint at Weeks 48–52 and DRSS key secondary
  • Multiple late-stage programs (DAYBREAK, ALTO, MESI studies) with topline data clustered in 2026–2027
  • KSI-501 and Zenkuda target the $15 billion anti-VEGF retinal market
  • DAYBREAK Phase 3 in wet AMD fully enrolled with topline data expected September 2026
  • KSI-101 in two Phase 3 MESI studies with first pivotal readout expected December 2026

Negative

  • None.

Market Context

Kodiak’s clinical-trial history included both 4.1% and -6.87% 24-hour outcomes, framing enrollment a...
Analysis

Kodiak’s clinical-trial history included both 4.1% and -6.87% 24-hour outcomes, framing enrollment as an execution milestone rather than efficacy evidence. Moderate short positioning and recent net selling remain risks to monitor.

Key Figures

Planned enrollment: Approximately 910 patients KSI-501 dose: 5 mg Aflibercept dose: 2 mg +5 more
8 metrics
Planned enrollment Approximately 910 patients Global Phase 3 ALTO trial
KSI-501 dose 5 mg Intravitreal treatment arms
Aflibercept dose 2 mg Active comparator arm
Randomization ratio 5:3:5 Three ALTO treatment arms
Individualized dosing interval Every 4 to 24 weeks KSI-501 individualized regimen
Primary endpoint timing Week 48 and Week 52 Average best-corrected visual acuity change
Follow-up duration Approximately 96 weeks ALTO participant treatment and follow-up
Intraocular half-life 20 days ABC Platform-based design

Previous Clinical trial Reports

5 past events · Latest: Aug 06 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Aug 06 Phase 3 enrollment Positive +4.1% Completed enrollment in the first pivotal PEAK cohort
Mar 26 Phase 3 topline data Positive +74.8% GLOW2 met its primary endpoint with favorable clinical results
Feb 04 Phase 1b data presentation Positive -6.9% Final APEX results were scheduled for presentation at Angiogenesis
Nov 05 Phase 1b follow-up data Positive -1.5% APEX follow-up showed sustained retinal-fluid improvements through Week 20
Sep 15 Phase 1b clinical data Positive +1.1% New APEX data showed vision gains and retinal-thickness reductions

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched clinical-trial news aligned positively in 3 of 5 events, while 2 positive clinical updates diverged negatively.

Key Terms

bispecific therapy, il-6, vegf, intravitreal, +1 more
5 terms
bispecific therapy medical
"KSI-501 is an investigational, first-in-class bispecific therapy built on Kodiak's ABC® Platform"
A bispecific therapy is a type of biological drug engineered to bind two different targets at once—often two proteins on a cancer cell or one on a cancer cell and one on an immune cell—so it can bring those targets together and trigger a desired effect. It matters to investors because bispecifics can offer new ways to treat diseases, potentially improving effectiveness or expanding patient populations, while also carrying distinct development, manufacturing and regulatory complexity that can affect a company’s clinical progress and valuation.
il-6 medical
"interleukin (IL)-6-mediated inflammation and vascular endothelial growth factor"
Interleukin-6 (IL-6) is a small signaling protein the body releases as an alarm during infection, injury, or chronic inflammation; think of it as a smoke detector that calls immune cells to action. It matters to investors because IL-6 levels can serve as a biomarker for disease severity and a target for therapies—drugs that block or modulate IL-6 can change treatment outcomes, regulatory decisions, and commercial prospects in healthcare markets.
vegf medical
"vascular endothelial growth factor (VEGF)-mediated vascular permeability"
Vascular endothelial growth factor (VEGF) is a naturally occurring protein that signals the body to grow new blood vessels, like a fertilizer prompts plants to sprout. It matters to investors because drugs that block or mimic VEGF can dramatically change outcomes for cancers and eye diseases, making them major drivers of clinical trial results, regulatory approvals, market value and future revenue potential for biopharma companies.
intravitreal medical
"evaluating the efficacy and safety of intravitreal KSI-501 5 mg"
An intravitreal treatment is one given by injecting medicine directly into the gel-like center of the eye, delivering drugs straight to the site of retinal disease rather than through pills or eye drops. Investors care because this delivery method affects development costs, regulatory review, clinical risk, manufacturing and distribution complexity, and reimbursement — all factors that influence a therapy’s commercial potential.
neovascularization medical
"inhibit VEGF-mediated vascular permeability and neovascularization"
The growth of new blood vessels into tissue, often triggered by injury, disease, or tumors; think of it as the body sending a construction crew to build new roads (vessels) where extra blood flow is needed. For investors, neovascularization matters because drugs, medical devices, and diagnostics that block, promote, or measure this process can determine treatment effectiveness, safety profiles, regulatory approval, and market potential in areas such as eye disease, cancer, and wound healing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • Phase 3 ALTO trial designed to demonstrate superiority of KSI-501 versus aflibercept in patients with diabetic macular edema

PALO ALTO, Calif., Aug. 10, 2026 /PRNewswire/ -- Kodiak Sciences Inc. (Nasdaq: KOD), a precommercial retina-focused biotechnology company committed to researching, developing and commercializing transformative therapeutics, today announced that the first patients have been enrolled in the global Phase 3 ALTO trial evaluating KSI-501 in patients with diabetic macular edema (DME). KSI-501 is an investigational, first-in-class bispecific therapy built on Kodiak's ABC® Platform and designed to potently inhibit two complementary pathways implicated in retinal vascular disease: interleukin (IL)-6-mediated inflammation and vascular endothelial growth factor (VEGF)-mediated vascular permeability and neovascularization.

The ALTO trial is designed to demonstrate the superiority of bispecific (anti-VEGF, anti-IL-6) KSI-501 versus monospecific (anti-VEGF) aflibercept in patients with DME. ALTO is the second registrational Phase 3 trial of KSI-501, following the DAYBREAK study in patients with wet AMD.

ALTO explores whether dual inhibition of immune and vascular pathways can deliver deeper and more sustained disease control for patients with DME and evaluates two dosing regimens, one regimen with intensive dosing and a second regimen with individualized dosing intervals of up to every six months.

"Initiating ALTO is an important next step for KSI-501 and for our broader effort to advance multifunctional retinal medicines that address disease biology beyond VEGF alone," said Victor Perlroth, M.D., Chief Executive Officer of Kodiak. "Anti-VEGF therapies have transformed the treatment of DME, yet many patients continue to live with persistent retinal fluid, incomplete visual recovery and the burden of frequent ongoing injections. We believe that inhibiting the immune-focused IL-6 pathway alongside the vessel-focused VEGF pathway, further enhanced with the durability of our ABC Platform, may achieve deeper and more sustained control of this disease."

"It has long been believed that there is more to be gained for patients with DME by targeting mechanisms beyond VEGF, and in particular by addressing the chronic, low-grade inflammatory state that often persists in patients who have suboptimal response to anti-VEGF monotherapy," said Margaret Chang, M.D., M.S., Co-Director of Clinical Research at Retina Consultants Medical Group. "Recent results from the Phase 2 ALLUVIUM study demonstrated that IL-6 inhibition alone can lead to clinically meaningful functional and anatomic benefits in DME patients, providing evidence that the IL-6 pathway is biologically active in diabetic eye diseases and operates independently of VEGF-driven pathology. Importantly, the recent Phase 2 BARDENAS study further suggested that dual inhibition of VEGF and IL-6 may offer synergistic effects, with the potential to deliver superior vision gains and improved fluid control versus targeting either pathway alone."

"DME is a multifactorial disease in which vascular leakage, blood-retinal barrier dysfunction and immune signaling together drive retinal edema and vision loss," said J. Pablo Velazquez-Martin, M.D., Chief Medical Officer of Kodiak. "Our ALTO study is designed to rigorously evaluate whether dual inhibition of IL-6 and VEGF translates into meaningful benefit for patients, including the potential for better vision gains and greater fluid control, and through Kodiak's ABC biopolymer conjugate platform the potential for superior durability. Alongside the primary visual acuity endpoint, the study is powered for a key secondary endpoint of two-step or greater improvement on the Diabetic Retinopathy Severity Scale (DRSS), and it evaluates a regimen with dosing intervals extending to six months. Our objective is to characterize efficacy, anatomic response and durability in a single Phase 3 program."

About the ALTO Study

The ALTO Study (KSMP002-S1) is a global, multicenter, randomized, double-masked, active comparator-controlled Phase 3 study evaluating the efficacy and safety of intravitreal KSI-501 5 mg compared with intravitreal aflibercept 2 mg in patients with visual impairment secondary to center-involved DME.

Approximately 910 patients, treatment-naïve or previously treated, will be randomized 5:3:5 to one of three arms:

  • Arm A: KSI-501 5 mg every 8 weeks, with monthly assessment for additional individualized dosing, following six monthly loading doses
  • Arm B: KSI-501 5 mg on an individualized regimen of every 4 to 24 weeks, following six monthly loading doses
  • Arm C: aflibercept 2 mg every 8 weeks, following five monthly loading doses

The primary endpoint is the mean change in best-corrected visual acuity from baseline to the average of Week 48 and Week 52. The key secondary endpoint is the proportion of patients improving two or more steps on the DRSS from baseline at Week 48. Additional secondary and exploratory endpoints evaluate visual function, retinal anatomy, treatment burden and durability, and safety.

Participants will be treated and followed for approximately 96 weeks. Additional information about ALTO, also known as Study KSMP002-S1, is available at https://clinicaltrials.gov/study/NCT07734844.

The Potential of Dual IL-6 and VEGF Inhibition in DME

VEGF is an established driver of vascular permeability and abnormal vessel growth in retinal vascular disease, and anti-VEGF therapy has revolutionized the treatment of DME by reducing retinal fluid and delivering meaningful vision gains for the majority of patients. Yet significant room for improvement remains. Across pivotal DME trials, a substantial proportion of patients have persistent edema despite ongoing treatment, and most patients do not achieve 20/20 vision. While recent intravitreal biologics have extended dosing intervals, many patients still require frequent injections to sustain their best possible visual outcome.

IL-6 is a pro-inflammatory cytokine and immune growth factor implicated in inflammatory signaling, endothelial dysfunction and disruption of the blood-retinal barrier. Ocular IL-6 is elevated in patients with DME, and higher intraocular IL-6 levels have been associated with poorer visual outcomes in patients treated with anti-VEGF monotherapy.

KSI-501 is designed to address these complementary mechanisms in a single intravitreal medicine. The VEGF-trap component mimics the native VEGF receptors and is designed to inhibit VEGF-mediated vascular permeability and neovascularization. The anti-IL-6 antibody component is designed to inhibit IL-6-mediated inflammatory signaling and normalize the blood-retinal barrier. The ABC Platform-based design, with its signature 20-day intraocular half-life, is intended to support sustained intraocular activity and extended durability.

In preclinical models, KSI-501 was shown to be a potent inhibitor of both VEGF and IL-6 and to normalize the blood-retinal barrier, opening the possibility that KSI-501 may be a disease-modifying therapy for retinal vascular diseases.

About KSI-501

KSI-501 is an investigational anti-IL-6, VEGF-trap bispecific therapy built on the ABC platform and is being developed for high prevalence retinal vascular diseases to address the leading unmet needs of extended durability and targeting disease biology beyond VEGF for differentiated efficacy. KSI-501 is designed to provide high immediacy/efficacy, driven by the enhanced formulation, and high durability, driven by the ABC platform and our science of durability.

Kodiak has advanced KSI-501 into the registrational Phase 3 study DAYBREAK to evaluate its efficacy and safety in wet AMD. DAYBREAK uses KSI-501's enhanced 50 mg/mL formulation containing both conjugated and unconjugated antibody that is intended to balance immediacy and durability. DAYBREAK has completed enrollment. Topline data for the one-year primary endpoint in DAYBREAK are expected in September 2026.

Kodiak has also advanced KSI-501 into the registrational Phase 3 ALTO study designed to demonstrate the superiority of bispecific KSI-501 (anti-VEGF, anti-IL-6) versus monospecific aflibercept (anti-VEGF) in patients with diabetic macular edema. The ALTO study is now enrolling patients.

About Kodiak Sciences Inc.

Kodiak Sciences (Nasdaq: KOD) is a pre-commercial retina-focused biotechnology company committed to researching, developing and commercializing transformative therapeutics. We are focused on bringing new science to the design and manufacture of next-generation retinal medicines to prevent and treat the leading causes of blindness globally. We are developing a portfolio of three late-stage clinical programs. Zenkuda™ (tarcocimab tedromer) has a BLA-ready profile in diabetic retinopathy, retinal vein occlusion and wet AMD, and, together with KSI-501, is being explored in the BLA-facing Phase 3 DAYBREAK wet AMD study, with topline data expected in September 2026. Zenkuda and KSI-501 target the $15 billion anti-VEGF market across retinal vascular diseases. KSI-101 is a bispecific protein being explored in two BLA-facing Phase 3 studies in Macular Edema Secondary to Inflammation (MESI). Topline data for Pivotal Analysis 1 (PEAK) are expected in December 2026 and Pivotal Analysis 2 (PEAK+PINNACLE) in 2Q 2027.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical fact and include, but are not limited to, statements regarding: the ability to demonstrate the superiority of KSI-501 over aflibercept in patients with DME; the potential for dual inhibition of the IL-6 and VEGF pathways to deliver deeper and more sustained disease control for patients with DME; the possibility that KSI-501 may be a disease-modifying therapy for retinal vascular diseases. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "could," "expect," "plan," "believe," "intend," "pursue," "anticipate," and other similar expressions, among others. Any forward-looking statements are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that the Phase 3 ALTO trial may not achieve its primary or key secondary endpoints or may not do so on the anticipated timeline; the risk that dual inhibition of IL-6 and VEGF may not translate into the clinical benefits observed or suggested in earlier studies, including the Phase 2 ALLUVIUM and BARDENAS studies; as well as the other risks identified in the section entitled "Risk Factors" in Kodiak's most recent Annual Report on Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in Kodiak's subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release, and Kodiak undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on such forward-looking statements.

Cision View original content:https://www.prnewswire.com/news-releases/kodiak-sciences-announces-first-patients-enrolled-in-global-phase-3-alto-trial-of-ksi-501-in-patients-with-diabetic-macular-edema-302847506.html

SOURCE Kodiak Sciences Inc.

FAQ

What is Kodiak Sciences' (KOD) Phase 3 ALTO trial of KSI-501 in diabetic macular edema?

The ALTO trial is a global Phase 3 study evaluating intravitreal KSI-501 5 mg versus aflibercept 2 mg in patients with DME. According to Kodiak, it is randomized, double-masked, active-controlled, and designed to demonstrate KSI-501 superiority on visual acuity and retinopathy outcomes.

How many patients will be enrolled in the ALTO Phase 3 KSI-501 study announced by Kodiak Sciences (KOD) on August 10, 2026?

According to Kodiak, the ALTO study plans to enroll approximately 910 patients with center-involved DME. Participants, both treatment-naïve and previously treated, will be randomized in a 5:3:5 ratio across two KSI-501 dosing regimens and one aflibercept control arm over roughly 96 weeks.

What are the primary and key secondary endpoints in Kodiak Sciences' (KOD) ALTO Phase 3 KSI-501 trial?

The primary endpoint is mean change in best-corrected visual acuity from baseline to the average of Weeks 48 and 52. According to Kodiak, the key secondary endpoint is the proportion of patients achieving a two-step or greater DRSS improvement at Week 48, alongside additional functional, anatomic, and safety measures.

How is KSI-501 dosed in the ALTO Phase 3 trial compared with aflibercept for DME?

According to Kodiak, ALTO includes two KSI-501 5 mg arms and one aflibercept 2 mg arm. One KSI-501 arm uses every-8-week dosing with individualized adjustments; another uses individualized intervals of 4–24 weeks, while aflibercept is dosed every 8 weeks after loading.

What is the mechanism of action of KSI-501 being studied by Kodiak Sciences (KOD) in ALTO?

KSI-501 is an investigational bispecific therapy targeting both VEGF and IL-6. According to Kodiak, its VEGF-trap component addresses vascular permeability and neovascularization, while its anti-IL-6 antibody targets inflammatory signaling, supported by the ABC Platform to enhance intraocular durability.

How does the ALTO DME trial fit into Kodiak Sciences' (KOD) broader KSI-501 development program?

ALTO is the second registrational Phase 3 trial for KSI-501, complementing the DAYBREAK study in wet AMD. According to Kodiak, DAYBREAK is fully enrolled with topline data expected September 2026, while ALTO is now enrolling, both using the enhanced 50 mg/mL KSI-501 formulation.

What other late-stage retinal programs does Kodiak Sciences (KOD) have alongside KSI-501 ALTO?

According to Kodiak, late-stage programs include Zenkuda (tarcocimab tedromer) with a BLA-ready profile in several indications, plus KSI-101 in two Phase 3 MESI studies. Topline data are expected from PEAK in December 2026 and PEAK+PINNACLE in 2Q 2027, targeting the anti-VEGF market.