Welcome to our dedicated page for Keros Therapeutics news (Ticker: KROS), a resource for investors and traders seeking the latest updates and insights on Keros Therapeutics stock.
Keros Therapeutics, Inc. (Nasdaq: KROS) is a clinical-stage biopharmaceutical company dedicated to the discovery, development, and commercialization of novel treatments for patients suffering from hematological and musculoskeletal disorders. The company’s mission focuses on addressing high unmet medical needs through innovative therapeutic solutions.
At the forefront of Keros’ pipeline is KER-050, a protein therapeutic product candidate aimed at treating low blood cell counts, or cytopenias, including anemia and thrombocytopenia in patients with myelodysplastic syndromes (MDS) and myelofibrosis. KER-050 is currently in Phase 2 clinical trials, with promising data presented at the 65th American Society of Hematology meeting showcasing its potential to ameliorate ineffective hematopoiesis and improve patient outcomes.
Another key product in development is KER-012, a small molecule being developed for the treatment of pulmonary arterial hypertension (PAH) and cardiovascular disorders. This candidate is also in Phase 2 trials and has shown encouraging preliminary results, particularly in treating bone loss disorders such as osteoporosis and osteogenesis imperfecta.
KER-047, another small molecule candidate, targets anemia and the rare genetic disorder, fibrodysplasia ossificans progressiva (FOP). Currently in Phase 1 clinical trials, KER-047 aims to address significant gaps in treatment for these conditions.
Financially, Keros reported a net loss of $39.4 million for the third quarter of 2023, attributed to increased research and development efforts. Despite this, the company maintains a solid cash balance of $287.9 million as of September 30, 2023, expected to fund operations into the fourth quarter of 2025. The recent public offering of $120 million in common stock further strengthens their financial position.
Keros’ strategic partnerships and collaborations play a crucial role in its development strategy. The company’s agreement with Hansoh (Shanghai) Healthtech Co., Ltd. in 2021 for manufacturing technology transfer is a significant step towards commercial scalability.
The company’s commitment to advancing its pipeline and achieving clinical milestones is evident through its continuous updates and transparent communication with stakeholders. Upcoming milestones include updates on the KER-050 and KER-012 programs, reflecting Keros’ proactive approach in driving innovation and improving patient lives.
Keros Therapeutics remains a leader in leveraging the transforming growth factor-beta (TGF-β) family of proteins, aiming to provide meaningful and potentially disease-modifying benefits to patients.
Keros Therapeutics (Nasdaq: KROS), a clinical-stage biopharmaceutical company, has announced its participation in three upcoming healthcare conferences in September 2024. The company's Chair and CEO, Jasbir S. Seehra, Ph.D., will present at:
1. Morgan Stanley 22nd Annual Global Healthcare Conference on September 4 at 4:05 p.m. ET
2. 2024 Wells Fargo Healthcare Conference on September 5 at 10:15 a.m. ET
3. 2024 Cantor Global Healthcare Conference on September 19 at 8:35 a.m. ET
All presentations will be in a fireside chat format. Archived replays will be available on the Keros website for up to 90 days after each event. Keros focuses on developing therapeutics for disorders linked to dysfunctional signaling of the TGF-ß family of proteins.
Keros Therapeutics (Nasdaq: KROS) reported its Q2 2024 financial results, showing a net loss of $45.3 million, up from $37.5 million in Q2 2023. The increase was primarily due to expanded R&D efforts and investments in clinical and corporate goals. Research and development expenses rose to $40.5 million from $32.5 million year-over-year, while general and administrative expenses increased to $10.0 million from $8.8 million. Despite the losses, Keros' cash position strengthened to $405.9 million as of June 30, 2024, up from $331.1 million at the end of 2023. The company expects this cash reserve to fund operations into 2027. Keros highlighted positive regulatory and data updates for its elritercept (KER-050) program and strong enrollment in the Phase 2 trial of cibotercept (KER-012) for pulmonary arterial hypertension.
Keros Therapeutics (Nasdaq: KROS) announced leadership changes effective July 1, 2024. Dr. Jasbir Seehra, currently CEO, will become Chair of the Board, succeeding Dr. Carl Gordon, who will remain an active Board member. Jean-Jacques Bienaimé will take over as Lead Independent Director of the Board. Additionally, Christopher Rovaldi has been promoted to President, while retaining his role as Chief Operating Officer. These changes come as Keros prepares for its first Phase 3 clinical trial of elritercept (KER-050) for lower-risk myelodysplastic syndromes. Dr. Seehra and Dr. Gordon both expressed confidence in the new leadership structure to drive the company's strategic and operational priorities.
Keros Therapeutics presented new clinical data from its ongoing Phase 2 trials of elritercept (KER-050) at the 29th Annual Hybrid Congress of the European Hematology Association. The data highlights elritercept's potential in treating lower-risk myelodysplastic syndromes (MDS) and myelofibrosis (MF). Key findings include durable transfusion independence, improved patient fatigue scores, and reductions in spleen volume. Elritercept was generally well-tolerated with no treatment-related fatalities. Keros plans to initiate a Phase 3 clinical trial in MDS following positive FDA feedback, marking a significant step towards potential commercialization.
Keros Therapeutics (Nasdaq: KROS) announced a corporate update conference call and webcast on June 17, 2024, at 8:00 a.m. Eastern time. The company received positive feedback from the FDA regarding its KER-050 (elritercept) program for myelodysplastic syndromes (MDS), aligning on the design and endpoints for the proposed Phase 3 clinical trial. CEO Jasbir S. Seehra, Ph.D., mentioned ongoing Phase 2 TROPOS trial for KER-012 (cibotercept) in pulmonary arterial hypertension (PAH), with enrollment expected to complete in Q4 this year. The webcast will be accessible via Keros’s website, with an archived version available for 90 days post-call.
Keros Therapeutics, a clinical-stage biopharmaceutical company, will participate in the Goldman Sachs 45th Annual Global Healthcare Conference.
The event will be held on June 10, 2024, at 2:40 p.m. Eastern time. Keros' President and CEO, Jasbir S. Seehra, Ph.D., will present at a fireside chat session.
A live audio webcast of the presentation will be available, with an archived replay accessible on the Keros website for 90 days post-event.
Keros Therapeutics, a clinical-stage biopharmaceutical company, appointed Jean-Jacques Bienaimé to its Board of Directors, effective June 1, 2024.
Bienaimé brings extensive experience from his tenure as CEO and Chairman of BioMarin Pharmaceutical, Genencor, and Sangstat Medical He also held senior positions at Rhône-Poulenc Rorer Pharmaceuticals and Genentech.
Keros' CEO, Jasbir Seehra, emphasized Bienaimé's expertise in executive leadership, strategic planning, and product development, noting it will support Keros' growth and pipeline progression.
Keros Therapeutics (Nasdaq: KROS), a clinical-stage biopharmaceutical company, announced that five abstracts from its KER-050 (elritercept) program will be presented at the 29th Annual Congress of the European Hematology Association (EHA) from June 13-16, 2024. These presentations, both virtual and in-person, include findings from an ongoing Phase 2 trial in participants with lower-risk MDS, potential cardiovascular benefits, and KER-050's capacity to treat myelofibrosis and mitigate ruxolitinib-associated cytopenias. Additionally, data shows reduced ferritin levels and increased bone-specific alkaline phosphatase in lower-risk MDS participants, suggesting potential to rebalance the osteohematopoietic niche. A preclinical study demonstrated that KER-050 increased muscle mass and strength in a mouse model of myelofibrosis.
Keros Therapeutics, a clinical-stage biopharmaceutical company, reported a business update and financial results for Q1 2024. The company is focused on developing therapeutics for patients with disorders related to TGF-ß proteins. Key highlights include progress in clinical trials and upcoming milestones for 2024. Financially, Keros reported a net loss of $43.1 million for Q1 2024, attributed to increased research and development expenses. However, the company's cash reserves of $442.4 million as of March 31, 2024, are expected to fund operations until 2027.
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