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Kiromic BioPharma Inc (KRBP) is a pioneering biopharmaceutical company dedicated to the development of advanced diagnostic and therapeutic solutions specifically targeting solid tumors and hematologic malignancies. Leveraging a robust portfolio of patented cancer-associated biomarkers and small molecules, Kiromic focuses on creating innovative clinical diagnostic tools and personalized immunotherapy strategies designed to improve patient outcomes, reduce suffering, and extend survival times.
Kiromic's core business revolves around its groundbreaking work in developing rapid detection mechanisms for cancer-associated antigens. This early detection capability can lead to earlier diagnoses and more accurate monitoring of patients' responses to treatments, potentially revolutionizing the field of cancer care. The company's cancer-associated biomarkers are instrumental in designing bespoke, cancer-specific targeted immunotherapies that promise higher efficacy and fewer side effects compared to traditional treatments.
Recent achievements by Kiromic BioPharma include significant advancements in their diagnostic and therapeutic programs. The company is actively engaged in several promising projects aimed at enhancing the precision and effectiveness of cancer treatments. Through strategic partnerships and collaborations, Kiromic continues to expand its research and development capabilities, constantly pushing the boundaries of cancer treatment innovation.
Financially, Kiromic BioPharma is committed to maintaining a stable and growing financial health, ensuring the sustainability of its ambitious projects and ongoing research. The company regularly updates stakeholders about its financial performance and significant milestones achieved, ensuring transparency and fostering investor confidence.
Noteworthy projects currently underway include the development of next-generation diagnostic tools that promise greater accuracy in detecting cancer-associated antigens, and the creation of more effective personalized immunotherapy treatments. By focusing on these critical areas, Kiromic aims to make substantial contributions to the field of oncology, offering hope and improved outcomes for cancer patients worldwide.
For the latest updates and relevant information about Kiromic BioPharma, including performance, events, and developments, investors and stakeholders are encouraged to follow the latest news releases.
Kiromic BioPharma, Inc. (NASDAQ: KRBP) announced a 1-for-30 reverse stock split effective March 10, 2023, at 4:01 p.m. Eastern Time. The split aims to comply with Nasdaq's minimum bid price requirement and enhance stock attractiveness for institutional investors. Following the split, approximately 966,758 shares will be outstanding, with no fractional shares issued. The action was approved by stockholders on March 7, 2023. The common stock will begin trading on a split-adjusted basis on March 13, 2023. Kiromic is focused on developing cell therapies through its DIAMOND® AI platform for immune-oncology applications.
Kiromic BioPharma (NASDAQ: KRBP) has announced favorable safety results from a preclinical study of its cell therapy Deltacel™. The histopathology evaluation revealed no adverse findings following the administration of Deltacel™, either alone or with a non-biological anti-tumor therapy in mice. This finding completes the necessary dataset for the pharmacology report needed for its IND application. The company plans to submit the IND to the U.S. FDA in Q1 2023 and expects to initiate clinical trials in Q2 2023, focusing on treating non-small cell lung cancer.
Kiromic BioPharma (NASDAQ: KRBP) recently updated stockholders, emphasizing critical upcoming proposals to secure funding and advance its therapeutic candidate, Deltacel™. A Special Meeting is scheduled for
Kiromic BioPharma, Inc. (NASDAQ: KRBP) has settled litigation with Sabby Capital Management and entered a Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD, allowing it to sell up to
Kiromic BioPharma (NASDAQ: KRBP) announced it received positive FDA feedback on October 4, 2022, regarding its Deltacel™ development strategy for Non-Small Cell Lung Cancer (NSCLC). The company plans to leverage this guidance for an IND submission and aims to launch a clinical trial in Q1 2023. In line with this focus, Kiromic streamlined operations, reducing its workforce by 29% to enhance efficiency. Deltacel™ is positioned as a next-gen cell therapy that utilizes allogeneic, non-viral Gamma Delta T-cells, potentially mitigating supply-chain issues associated with viral approaches.
Kiromic BioPharma (NASDAQ: KRBP) has appointed Dr. Leonardo Mirandola as Chief Scientific Officer, effective immediately. Dr. Mirandola, previously the Vice President of Research & Development since September 2021, aims to lead the company towards achieving critical clinical milestones in oncology cell therapy. Under his guidance, Kiromic expects to advance its Deltacel™ therapy towards clinical trials by year-end. Dr. Mirandola is a recognized expert in molecular immunology, holding over 100 publications and nine patent-pending technologies, and is crucial for the company's growth in cell therapy innovation.
Kiromic BioPharma (NASDAQ: KRBP) announced the completion of its expanded cGMP manufacturing facility in Houston, a critical step for activating the Deltacel™ clinical trial by year-end. This milestone meets FDA requirements following a clinical hold issued in June 2021. The 34,000-square-foot facility features advanced labs to support the development of cell therapies targeting solid tumors. CEO Pietro Bersani emphasized that this expansion aims to enhance availability and reduce costs of promising oncology treatments.
Kiromic BioPharma (NASDAQ: KRBP) is set to submit its first IND application for Deltacel/KB-GDT™ in the second half of 2022, aiming for clinical trial activation by year-end. This marks a strategic pivot towards allogeneic, non-engineered therapies. The company plans to expand its pipeline with three additional IND filings in 2023, totaling five GDT clinical trials. The shift follows a recent research agreement to enhance preclinical data generation for these therapies, potentially addressing the growing cancer cell therapy market projected to exceed $33 billion by 2027.
Kiromic BioPharma, Inc. (NASDAQ: KRBP) announced a two-year sponsored research agreement with Dr. James W. Welsh from The University of Texas MD Anderson Cancer Center. This agreement aims to generate in vivo preclinical data for Kiromic’s Gamma Delta T cell therapies, enabling three new investigational drug (IND) applications to the FDA. The first IND submission, Deltacel™, is expected in the second half of this year, with the initiation of its clinical trial anticipated by year’s end. This addition will expand Kiromic's therapy pipeline to five allogeneic GDT clinical trials.
Kiromic BioPharma (NASDAQ: KRBP) reported significant progress in Q1 2022, focusing on immuno-oncology through its proprietary DIAMOND® AI platform. Key achievements include advancements in the ALEXIS Gamma Delta T cell platform and the redesign of its cGMP manufacturing facility. Financially, the company reported cash reserves of $15.1 million, a decrease from $25.4 million at year-end 2021. R&D expenses rose by 55.2% to $2.9 million, while G&A expenses surged by 114.4% to $4.4 million, leading to a net loss of $7 million, up from $3.9 million in the prior year.
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