Keros Therapeutics, Inc. Stock Price, News & Analysis

Keros Therapeutics, Inc. (Nasdaq: KROS) reported a net loss of $15.9 million for Q1 2021, up from $11.9 million in Q1 2020, primarily due to increased research and development efforts. R&D expenses rose to $11.5 million, driven by activities related to KER-012 and higher personnel costs. General and administrative costs also increased to $4.3 million, reflecting organizational growth. Cash reserves stood at $255.2 million, expected to fund operations through Q4 2023. The company is advancing various clinical trials, including a Phase 2 trial of KER-050, with initial results anticipated mid-2021.

Keros Therapeutics (KROS) announced a business update and 2020 financial results, highlighting significant progress in clinical trials and a successful public offering. The fourth quarter net loss was $10.7 million, with a total loss of $45.4 million for the year, up from $12.3 million in 2019. R&D expenses totaled $9.7 million for Q4 and $33.9 million for 2020, reflecting increased activities. As of December 31, 2020, cash and equivalents stood at $265.9 million, securing operational funding into Q4 2023. Upcoming milestones include new trials for KER-050 and KER-047.

Keros Therapeutics (Nasdaq: KROS) presented preclinical results of KER-050 and its ALK2 inhibitor program at the ESH Translational Research E-Conference. The data supports a rapid hematological response and durable effects observed during Phase 1 trials, indicating potential for treating anemia due to ineffective erythropoiesis, particularly in myelodysplastic syndromes and myelofibrosis. Notable increases in red blood cells (7%) and hemoglobin (6.7%) were observed in mice after treatment with RKER-050, demonstrating promise in addressing hepcidin-mediated anemia and enhancing iron availability.

Keros Therapeutics, Inc. (Nasdaq: KROS), a clinical-stage biopharmaceutical company, will have its President and CEO, Jasbir S. Seehra, Ph.D., present at the H.C. Wainwright Global Life Sciences 2021 Virtual Conference on March 9, 2021, starting at 7:00 am ET. The presentation will focus on Keros' advancements in treatments for hematological and musculoskeletal disorders. Investors can access the live presentation and subsequent replays for 90 days via the company’s website.

Keros Therapeutics, Inc. (Nasdaq: KROS), a clinical-stage biopharmaceutical company, announced that its CEO, Jasbir S. Seehra, Ph.D., will present at the 10th Annual SVB Leerink Global Healthcare Conference on February 24, 2021, at 1:40 PM ET. The presentation will be available via live webcast and archived for 90 days on Keros's website. Keros is focused on developing innovative treatments for hematological and musculoskeletal disorders, including KER-050 for cytopenias, KER-047 for iron imbalance, and KER-012 for bone loss and pulmonary arterial hypertension.

Keros Therapeutics, Inc. (Nasdaq: KROS) announced its addition to the NASDAQ Biotechnology Index, effective before market open on December 21, 2020. This index tracks biotechnology and pharmaceutical companies listed on Nasdaq. Keros specializes in developing treatments for hematological and musculoskeletal disorders, notably its lead candidates KER-050 for cytopenias and KER-047 for iron imbalance-related anemia. The company's work addresses significant unmet medical needs in these areas, showcasing its potential for growth and innovation in the biopharmaceutical sector.

Keros Therapeutics has appointed Mary Ann Gray, Ph.D., to its Board of Directors, enhancing its leadership team. Dr. Gray brings extensive experience from her roles in biotechnology and investment, including positions at Federated Kaufmann Fund and various biotech boards. Concurrently, Alon Lazarus will step down after serving since 2016. Keros focuses on developing novel treatments for hematological and musculoskeletal disorders, with product candidates addressing conditions like cytopenias and bone loss.

Keros Therapeutics, Inc. (KROS) presented data from its Phase 1 clinical trial of KER-047 at the 62nd ASH Annual Meeting, highlighting significant increases in serum iron and transferrin saturation with a corresponding decrease in ferritin and hepcidin. Preclinical data also revealed that KER-050 could alleviate anemia through various mechanisms. The Phase 1 trial showed a tolerability profile with no serious adverse events, although some mild to moderate adverse events were reported. Keros plans to initiate Phase 2 trials for both KER-050 and KER-047 in 2021.

Keros Therapeutics, Inc. (KROS) has successfully closed a public offering of 2,990,000 shares of common stock at $50.00 each, generating $149.5 million in gross proceeds. This offering included the full exercise of the underwriters' option to purchase an additional 390,000 shares. The offering was managed by Jefferies LLC, SVB Leerink LLC, and Piper Sandler & Co. The proceeds will be used to advance Keros’ clinical programs, including its lead product candidates KER-050, KER-047, and KER-012, which target hematological and musculoskeletal disorders.