Krystal Biotech Stock Price, News & Analysis

Krystal Biotech reported key operational updates and financial results for Q4 2020. The company anticipates completing enrollment in the pivotal B-VEC GEM-3 study in Q1 2021, with topline data expected in Q4 2021. The European Medicines Agency granted orphan drug designation for KB407, aimed at treating cystic fibrosis. As of December 31, 2020, the company had a strong balance sheet with $271.3 million in cash and equivalents. Net losses for 2020 totaled $32.2 million, with a loss per share of $(1.71). A public offering in February raised $135 million in net proceeds.

Krystal Biotech Inc. (NASDAQ: KRYS) announced that Krish S. Krishnan, CEO, will participate in a fireside chat at the 41st Annual Cowen Health Care Conference from March 1-4, 2021. The presentation is scheduled for March 4, 2021, at 9:50 AM EST. Interested individuals can access the webcast via this link. A recording will be available for 90 days on the company’s website. Krystal Biotech focuses on developing therapies for rare diseases through its innovative gene therapy platform.

Krystal Biotech (NASDAQ: KRYS) announced a public offering of 1,923,077 shares at $65.00 per share, aiming to raise approximately $125 million. Underwriters have a 30-day option for an additional 288,461 shares. The funds will support pivotal trials for B-VEC, advance clinical development of KB105 and KB104, and bolster the respiratory pipeline. The offering is set to close around February 5, 2021, following customary conditions. Goldman Sachs, Cowen, and Evercore act as joint book-running managers.

Krystal Biotech Inc. (NASDAQ: KRYS) announced a $100 million underwritten public offering of its common stock, with a potential 15% increase in shares for underwriters. The funds will support ongoing clinical trials, including pivotal testing of B-VEC for DEB, and advance the development of therapies for cystic fibrosis and other rare diseases. The offering is contingent on market conditions and is conducted under a previously effective shelf registration statement.

Krystal Biotech (NASDAQ: KRYS) has appointed Dr. Chris Mason and Dr. Jing L. Marantz to its board of directors, enhancing its expertise in gene therapy and rare diseases. Dr. Mason, with over 25 years in cell and gene therapy, brings substantial R&D experience, while Dr. Marantz contributes over 20 years in the biopharmaceutical sector, specializing in medical affairs and commercial strategy. Their appointments are expected to bolster Krystal's efforts to advance its proprietary gene therapy technologies and tackle significant unmet medical needs.

Krystal Biotech Inc. (NASDAQ: KRYS) announced that CEO Krish S. Krishnan will participate in a fireside chat at the Evercore ISI 3rd Annual HealthCONx virtual conference, scheduled for December 1-3, 2020. The presentation will take place on December 1 at 1:50 p.m. ET. Interested parties can access the webcast via this link. A recording of the presentation will be available for 90 days on Krystal's website.

Krystal specializes in innovative gene therapies targeting rare skin and lung diseases.

Krystal Biotech (Nasdaq:KRYS) announces the departure of Chief Commercial Officer Jennifer Chien, effective immediately, as she pursues another opportunity. The company’s senior commercial team will report directly to CEO Krish Krishnan during the search for her replacement. Despite the leadership change, Krishnan expresses confidence in the continuity of pre-launch activities and states that the GEM-3 clinical trial is progressing as planned with early enrollment completion expected next year. Challenges from the COVID-19 environment have been managed effectively, maintaining patient enrollment across U.S. sites.

Krystal Biotech (Nasdaq:KRYS) has announced positive preclinical results for KB301, a novel gene therapy aimed at reversing collagen decline in aging skin. Findings will be presented at the ASDS 2020 Virtual Meeting on October 9-11, 2020. The study showed that KB301 effectively transduced human dermal fibroblasts, inducing full-length COL3 expression. In vivo results indicated dose-dependent COL3 expression in mice, with no toxicity or systemic distribution observed. This research is critical as Krystal prepares to advance KB301 through clinical trials.

Krystal Biotech (NASDAQ: KRYS) announces its participation in significant healthcare conferences. CEO Krish S. Krishnan will present at the HC Wainwright 22nd Annual Global Investments Conference on September 15, 2020, at 4:30 PM ET and will also participate in a fireside chat at the Morgan Stanley Global Healthcare Conference on September 16, 2020, at 5:00 PM ET. Both events will provide insights into Krystal’s innovative gene therapy developments. Webcasts of the presentations will be accessible for 30 days post-event on the company’s website.