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, 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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