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About Kiora Pharmaceuticals Inc.
Kiora Pharmaceuticals Inc. (NASDAQ: KPRX) is a clinical-stage biotechnology company dedicated to developing and commercializing innovative therapies for the treatment of orphan retinal diseases and retinal inflammation. Headquartered in Encinitas, California, the company leverages cutting-edge small molecule technologies to address significant unmet needs in ophthalmology, aiming to restore vision or slow disease progression in patients with severe retinal conditions.
Core Drug Candidates
KIO-301: This groundbreaking molecular photoswitch is designed to restore light sensitivity to retinal ganglion cells (RGCs) in patients with advanced retinal degenerations, such as retinitis pigmentosa, choroideremia, and Stargardt disease. Unlike gene or cell therapies, KIO-301 is a gene-mutation-agnostic approach, making it suitable for a broad spectrum of inherited retinal diseases. By selectively targeting RGCs downstream of degenerated photoreceptors, KIO-301 offers a novel, reversible mechanism to restore functional vision.
KIO-104: A next-generation, non-steroidal anti-inflammatory small molecule, KIO-104 is being developed for the treatment of retinal inflammation, including conditions like posterior non-infectious uveitis, diabetic macular edema, and retinal vein occlusion. As a potent inhibitor of dihydroorotate dehydrogenase (DHODH), KIO-104 suppresses T-cell-mediated inflammation locally within the eye, offering a safer alternative to systemic steroids or immunosuppressants.
Innovative Platform and Technology
Kiora's proprietary technologies are designed to address the limitations of existing treatments for retinal diseases. KIO-301's photoswitch mechanism enables light perception in the absence of functional photoreceptors, while KIO-104's localized delivery minimizes systemic side effects. These innovations position Kiora as a pioneer in the development of small molecule therapies for retinal conditions.
Strategic Partnerships and Market Position
Kiora has established a strategic partnership with Théa Open Innovation (TOI), a leader in ophthalmic innovation. This collaboration provides financial and developmental support for KIO-301, including reimbursement for research and development expenses and potential milestone payments. With orphan drug designations in both the U.S. and Europe, Kiora benefits from regulatory incentives such as market exclusivity and expedited review processes.
Clinical Development
- KIO-301: Currently advancing into Phase 2 clinical trials (ABACUS-2) to evaluate its efficacy in restoring functional vision in patients with ultra-low vision or no light perception due to retinitis pigmentosa. The trial incorporates novel functional vision endpoints validated in collaboration with global regulatory bodies.
- KIO-104: Preparing for Phase 2 clinical trials (KLARITY) to assess its safety, tolerability, and efficacy in reducing retinal inflammation and macular edema. The study will target multiple inflammatory retinal conditions, providing critical data for future dose-expansion trials.
Intellectual Property and Market Exclusivity
Kiora's robust intellectual property portfolio includes composition-of-matter patents for KIO-104, extending protection into 2043. These patents ensure proprietary rights over unique polymorphs that enhance drug stability and manufacturing efficiency. Combined with orphan drug exclusivity, Kiora is well-positioned to maintain a competitive edge in the retinal therapeutics market.
Commitment to Unmet Needs
With no approved therapies for many inherited retinal diseases, Kiora's mission is to provide transformative solutions for patients facing progressive vision loss. By focusing on innovative, non-steroidal, and gene-mutation-agnostic approaches, the company is addressing critical gaps in the treatment landscape, offering hope to patients and families affected by debilitating retinal conditions.
Conclusion
Kiora Pharmaceuticals Inc. combines scientific innovation, strategic partnerships, and a patient-centric approach to redefine the treatment of retinal diseases. With its pioneering drug candidates, KIO-301 and KIO-104, the company is poised to make a significant impact in ophthalmology, addressing both inherited degenerative diseases and inflammatory retinal conditions.
Kiora Pharmaceuticals (NASDAQ: KPRX) has announced the appointment of Dr. Roger A. Goldberg, a renowned vitreoretinal surgeon, to its Scientific Advisory Board on June 25, 2024. Dr. Goldberg, who is affiliated with Bay Area Retina Associates, brings extensive clinical and research expertise to Kiora. He has been involved in numerous clinical trials and has published extensively in top medical journals.
Dr. Goldberg will contribute to the development of Kiora's retinal disease therapeutics, including their investigational drug KIO-104, which targets overactive immune cells associated with conditions like macular edema and uveitis. His appointment is expected to enhance Kiora’s ability to advance treatment options for retinal diseases with high unmet needs. Dr. Goldberg’s background includes a medical degree from Yale, residency at Bascom Palmer Eye Institute, and a fellowship at Tufts University. He is board certified and actively engaged in several prestigious ophthalmology organizations.
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.
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.
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.
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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