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Kiora Pharmaceuticals, Inc. - $KPRX STOCK NEWS

Welcome to our dedicated page for Kiora Pharmaceuticals news (Ticker: $KPRX), a resource for investors and traders seeking the latest updates and insights on Kiora Pharmaceuticals stock.

Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) is a clinical-stage biotechnology company committed to the development and commercialization of innovative treatments for orphan retinal diseases. The company's lead product candidate, KIO-301, is aimed at treating inherited retinal diseases such as retinitis pigmentosa, choroideremia, and Stargardt disease. KIO-301 is a molecular photoswitch with the potential to restore vision in patients suffering from inherited and age-related retinal degeneration.

Kiora’s second key asset, KIO-104, is being developed to treat posterior non-infectious uveitis. It is a next-generation, non-steroidal, immuno-modulatory, small-molecule inhibitor of dihydroorotate dehydrogenase, with the promise of reducing retinal inflammation without the adverse effects associated with systemic anti-inflammatory drugs or chronic steroid use.

Most recently, Kiora announced its third quarter 2023 financial results and discussed the advancement of KIO-301 for other inherited retinal diseases. The ABACUS-1 study, a Phase 1b clinical trial of KIO-301, demonstrated safety and tolerability, along with significant improvements in visual field and functional vision. These promising results have paved the way for the company to initiate the ABACUS-2 trial, a Phase 2 study involving up to 20 patients with retinitis pigmentosa.

The company also entered into a strategic development and commercialization agreement with Théa Open Innovation (TOI), providing up to $285 million in potential milestone payments, alongside reimbursement of research and development expenses. This partnership will help Kiora accelerate the development and commercialization of KIO-301 globally, excluding Asia.

Moreover, Kiora announced a successful securities purchase agreement, raising up to $45 million to support its ongoing development activities. Recent strategic partnerships and financial maneuvers are expected to fund the company’s operations through 2026, offering a robust financial foundation for future growth.

Operating from Encinitas, California, Kiora continues to pioneer in the biotech space, aiming to bring transformative therapies to market for patients suffering from rare retinal diseases. The company remains focused on delivering innovative solutions that address significant unmet medical needs in ophthalmology.

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Kiora Pharmaceuticals (NASDAQ: KPRX) will participate in two upcoming investor conferences. On May 22, at 3:00 pm ET, Executive VP of Finance Melissa Tosca will present at the WeBull Corporate Connect Biotech Investment Webinar. The event will be live and available on-demand for 90 days. On May 30, at 2:45 pm ET, President and CEO Brian Strem will join a virtual fireside chat at the Lytham Partners Spring 2024 Investor Conference. This event will also be live-streamed and available on-demand for 90 days. Kiora's management will hold one-on-one virtual meetings during the Lytham Partners event. Interested parties can arrange meetings by contacting Lytham Partners or registering for the event.

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Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) reported strong Q1 2024 financial results and updates on its retinal disease treatment pipeline. With $31.3 million in cash, Kiora is well-positioned to advance KIO-301 and KIO-104 into mid-stage clinical trials. The partnership with Théa Open Innovation (TOI) allows for efficient capital allocation. KIO-301 targets inherited retinal disorders, while KIO-104 addresses retinal inflammatory diseases. Positive milestones include successful Phase 1 trials and a strategic partnership with TOI. Financially, Kiora ended Q1 2024 with $31.3 million in cash, $16 million in revenue, and a net income of $13.5 million.

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Kiora Pharmaceuticals (NASDAQ: KPRX) will be presenting at The Citizens JMP Life Sciences Conference on May 14th, 2024. Investors can access the online presentation live on the company's website and replay it for 90 days.

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Kiora Pharmaceuticals released additional clinical data for KIO-301, a small molecule photoswitch, showing a significant increase in brain activity in the visual cortex of patients with retinitis pigmentosa. The data from the ABACUS-1 trial indicated improvements in visual field, visual acuity, and functional vision, along with an increase in neural activity that aligns with these improvements. The results were presented at the ARVO annual meeting by Professor Robert James Casson, supporting the drug's potential to restore vision.

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Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) receives grant funding from the Choroideremia Research Foundation to validate functional vision assessments for patients with profound blindness. The funding supports the validation of the MLOMTM suite of tests for Kiora's upcoming ABACUS-2 Phase 2 clinical trial assessing KIO-301, potentially restoring vision in patients with retinal diseases.
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Kiora Pharmaceuticals (NASDAQ: KPRX) will be presenting at two upcoming investor conferences, The 23rd Annual Needham Virtual Healthcare Conference on April 11th and The Noble Capital Markets Emerging Growth Virtual Healthcare Equity Conference on April 18th. Investors can access the live presentations on Kiora's website and replay them for 90 days.
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Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) announces additional data from the ABACUS-1 trial accepted for presentation at the ARVO meeting. The data includes quantitative evaluation of functional MRI measures showing reactivation of brain regions responsible for vision. The phase I/II trial focused on KIO-301 in late-stage retinitis pigmentosa patients.
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Kiora Pharmaceuticals, Inc. announces its 2023 financial results and plans for 2024, focusing on the development of KIO-301 and KIO-104 for retinal diseases. The company's strategic partnership with Théa Open Innovation and private placement are expected to fund operations through 2026. Kiora aims to advance innovative drug candidates for rare retinal diseases, with KIO-301 potentially becoming the first vision-restoring option for patients with RP. The company also highlights achievements, upcoming milestones, and financial results.
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Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) announced positive results from a Phase 1 study of KIO-101, a non-steroidal anti-inflammatory agent, showing significant reduction in conjunctival hyperemia in the eye. KIO-101 is well tolerated and aims to reduce T-cell-related inflammation locally in the eye without systemic side effects. The company plans a Phase 2 trial for KIO-104 to target posterior non-infectious uveitis, a rare inflammatory condition of the retina.
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Kiora Pharmaceuticals, Inc. has announced a securities purchase agreement with healthcare investors to raise up to $45 million in gross proceeds, including $15 million in upfront funding and up to an additional $30 million upon exercise of accompanying warrants. The financing includes participation from new healthcare-dedicated investors, and the company will issue an aggregate of 27,154,237 shares of its common stock and accompanying warrants. The financing will provide flexibility to fully fund KIO-104 for the treatment of non-infectious uveitis and potentially other rare inflammatory indications in the back of the eye.
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FAQ

What does Kiora Pharmaceuticals specialize in?

Kiora Pharmaceuticals specializes in developing and commercializing treatments for orphan retinal diseases such as retinitis pigmentosa, choroideremia, and Stargardt disease.

What are Kiora's key product candidates?

Kiora’s key product candidates are KIO-301, a molecular photoswitch for inherited retinal diseases, and KIO-104, an immuno-modulatory inhibitor for treating posterior non-infectious uveitis.

What recent clinical trial results has Kiora announced?

Kiora announced positive results from the ABACUS-1 study, demonstrating that KIO-301 is safe and tolerable, with significant improvements in visual field and functional vision.

What partnerships has Kiora Pharmaceuticals formed recently?

Kiora has entered a strategic development and commercialization agreement with Théa Open Innovation (TOI), providing significant financial support and global development expertise.

How is Kiora Pharmaceuticals funded for its operations?

Kiora is funded through strategic partnerships, such as the one with TOI, and successful securities purchase agreements, providing a robust financial foundation expected to last through 2026.

What is the focus of Kiora’s KIO-104 product candidate?

KIO-104 focuses on treating posterior non-infectious uveitis and aims to reduce retinal inflammation without the side effects of systemic anti-inflammatory drugs or chronic steroids.

What are the latest financial results for Kiora Pharmaceuticals?

In the third quarter of 2023, Kiora reported net losses and increased R&D expenses due to clinical trials, with a strategic focus on advancing KIO-301 and KIO-104.

Where is Kiora Pharmaceuticals headquartered?

Kiora Pharmaceuticals is headquartered in Encinitas, California.

What is retinitis pigmentosa?

Retinitis pigmentosa is a hereditary degenerative disorder affecting the retina's photoreceptors, leading to progressive vision loss. There are currently no approved therapies.

How can investors stay updated on Kiora Pharmaceuticals?

Investors can stay updated by following Kiora’s news releases, SEC filings, and social media accounts or by subscribing to email alerts on the company’s website.

Kiora Pharmaceuticals, Inc.

Nasdaq:KPRX

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Pharmaceutical Preparation Manufacturing
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ENCINITAS