Welcome to our dedicated page for Kyverna Therapeutics news (Ticker: KYTX), a resource for investors and traders seeking the latest updates and insights on Kyverna Therapeutics stock.
Kyverna Therapeutics, Inc. (NASDAQ: KYTX) is a pioneering patient-centered, clinical-stage biopharmaceutical company dedicated to developing innovative cell therapies for patients suffering from autoimmune diseases. The company's primary focus is on advancing chimeric antigen receptor (CAR) T-cell therapies to address the unmet medical needs in autoimmune conditions.
Their lead product candidate, KYV-101, is an autologous CD19 CAR T-cell therapy designed to treat B cell-driven autoimmune diseases. This therapy specifically targets CD19, a protein found on the surface of B cells, which play a crucial role in various autoimmune conditions. KYV-101 is currently being evaluated in multiple clinical trials, including Phase 1 trials for lupus nephritis in the United States and Germany, and Phase 2 trials for multiple sclerosis (MS), myasthenia gravis, and systemic sclerosis.
Kyverna has also developed KYV-201, an allogeneic therapy using the same CAR as KYV-101, with the potential to treat multiple autoimmune diseases. The company's pipeline includes next-generation CAR T-cell therapies in both autologous and allogeneic formats, which are designed to be effective in B cell-driven autoimmune diseases.
Recently, Kyverna announced a collaboration with Stanford University to use KYV-101 in a Phase 1 investigator-initiated trial (IIT) for non-relapsing and progressive forms of MS. This collaboration aims to explore the safety, feasibility, and tolerance of KYV-101 in MS patients, and to understand the disease biology and potential for immune reset following the infusion.
Kyverna's robust clinical development program is supported by a solid financial foundation, with recent business highlights indicating significant progress. For the year ended December 31, 2023, Kyverna reported a net loss of $60.4 million due to substantial investments in its clinical programs. However, the company raised approximately $366.9 million in gross proceeds from its initial public offering in February 2024, bolstering its cash reserves and enabling continued advancements in its therapeutic pipeline.
The company operates on the forefront of medical research, collaborating with leading academic institutions like the National Institutes of Health (NIH) and the University Medical Center Hamburg-Eppendorf in Germany. These partnerships help Kyverna leverage cutting-edge scientific knowledge to push the boundaries of CAR T-cell therapy for autoimmune diseases.
At its core, Kyverna Therapeutics aims to transform the treatment paradigm for autoimmune diseases, providing new hope to patients through groundbreaking CAR T-cell therapies. For more information, visit Kyverna Therapeutics.
Kyverna Therapeutics announced three key leadership appointments to support its next growth phase in developing cell therapies for autoimmune diseases. Dan Maziasz joins as Chief Business Officer, bringing 25 years of experience from companies like Atara Biotherapeutics and Kite Pharma. Cara Bauer becomes Chief Human Resources Officer, with over 25 years of global HR leadership experience, notably at Kite and Netflix. Tracy Rossin joins as SVP of Corporate Affairs, Communications and Investor Relations, bringing 20 years of strategic communications experience from Kite and AstraZeneca.
As part of his appointment, Maziasz received an inducement grant of options to purchase 350,000 shares at $4.86 per share, vesting over four years with 25% vesting after one year and the remainder monthly.
Kyverna Therapeutics presented updated clinical data for KYV-101, their CD19 CAR T-cell therapy for lupus nephritis (LN) treatment. The data shows sustained efficacy and durability in patients treated with the target dose of 1×108 CD19 CAR T cells, with four out of six patients having at least six months of follow-up. Key findings demonstrate deep B cell depletion, immune system reset, stabilized eGFR, preserved kidney function, and improved SLE activity. The treatment allowed elimination of immunosuppressants and reduction of glucocorticoids while maintaining a manageable safety profile with no high-grade CRS or ICANS observed.
Kyverna Therapeutics reported Q3 2024 financial results and business updates. The company appointed Warner Biddle as CEO and made multiple key leadership appointments. They presented clinical data for KYV-101 in various autoimmune conditions at ECTRIMS and plan to share updated lupus nephritis data at ACR Convergence 2024.
The company reported a net loss of $34.3 million ($0.80 per share) for Q3 2024, compared to $15.5 million in Q3 2023. Cash position remains strong at $321.6 million as of September 30, 2024. Net cash used in operations was $77.2 million for the first nine months of 2024.
Kyverna Therapeutics, Inc. (KYTX) has appointed Mert Aktar as an independent director to its Board of Directors. Mr. Aktar brings over two decades of biopharmaceutical experience, combining technical leadership in cell and gene therapy with a proven track record in corporate development. He currently serves as CEO of Receptive Bio and holds board positions with UCLA Technology Development Group and ReAlta Life Sciences.
Previously, Mr. Aktar was Senior Vice President and Global Head of Corporate Development & Strategy at Kite Pharma, where he played a key role in establishing Kite's global leadership in cell therapy. He also held senior leadership positions at various biotech and large pharma organizations, including Shire, where he facilitated multi-billion-dollar transactions and led large-scale manufacturing operations.
Kyverna's CEO, Warner Biddle, expressed confidence that Mr. Aktar's strategic experience and technical expertise in cell therapy will be invaluable as the company advances KYV-101 into later stages of development and builds on its CAR T leadership in autoimmune diseases.
Kyverna Therapeutics presented patient data at ECTRIMS 2024, showcasing the potential of KYV-101 for treating neuroinflammatory diseases. The company shared case reports from 11 patients with stiff-person syndrome, myasthenia gravis, and multiple sclerosis, demonstrating initial efficacy and safety of KYV-101. Key biomarkers indicate its potential to durably modify neuroinflammatory diseases through immune system reset.
Highlights include:
- Improved mobility and reduced autoantibody titers in stiff-person syndrome patients
- Sustained disease control in myasthenia gravis patients
- Significant reduction in oligoclonal bands in multiple sclerosis patients
- No severe CRS or ICANS observed across 41 treated patients
Kyverna also presented posters on the design and methods of its clinical trials for KYV-101 in neuroinflammatory diseases.
Kyverna Therapeutics (KYTX) announced key leadership changes. Warner Biddle has been appointed as the new Chief Executive Officer and Board member, replacing Peter Maag. Biddle brings over 30 years of experience in commercial and franchise leadership, including successful CAR T therapy launches at Kite Pharma. Christi Shaw, a seasoned life sciences executive, joins the Board of Directors, succeeding Brian Kotzin.
These appointments aim to strengthen Kyverna's leadership as it advances its CAR T cell therapies for autoimmune diseases. The company's lead candidate, KYV-101, is progressing into later development stages. Biddle's experience in commercializing cell therapies and Shaw's broad industry expertise are expected to guide Kyverna through its next growth phase, focusing on market preparation and expansion in the autoimmune disease space.
Kyverna Therapeutics (KYTX), a clinical-stage biopharmaceutical company focusing on cell therapies for autoimmune diseases, has announced its participation in three major investor conferences in September 2024:
- Morgan Stanley Global Healthcare Conference in New York, NY on September 4
- Wells Fargo Healthcare Conference in Boston, MA on September 5
- Cantor Global Healthcare Conference in New York, NY on September 17
At each event, Kyverna executives will engage in fireside chats and host investor meetings. This series of appearances provides significant opportunities for the company to showcase its progress and connect with potential investors.
Kyverna Therapeutics (Nasdaq: KYTX) reported its Q2 2024 financial results and business updates. Key highlights include:
- Actively recruiting for clinical trials in neurology and rheumatology with KYV-101
- No severe ICANS or CRS reported in first 36 autoimmune disease patients treated with KYV-101
- Received FDA RMAT Designations for KYV-101 in Stiff-Person Syndrome and Myasthenia Gravis
- Reported first KYV-101 patient disease-free at 1 year post-treatment
- 100% manufacturing success rate for KYV-101
- Net loss of $28.8 million for Q2 2024
- $346.2 million in cash and equivalents as of June 30, 2024
Kyverna continues to advance its CAR T-cell therapies for autoimmune diseases, with promising initial safety and efficacy data for KYV-101.
Kyverna Therapeutics (KYTX) has received Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA for KYV-101, its autologous CD19 CAR T-cell therapy for progressive myasthenia gravis. This designation was based on positive clinical outcomes from patients treated in Germany under a named-patient program. The RMAT status allows Kyverna to benefit from expedited meetings and senior FDA leadership involvement throughout KYV-101's development cycle.
Dr. Srikanth Muppidi, a principal investigator in the KYSA-6 trial, emphasized that this designation highlights the FDA's interest in potentially transformative therapies for severe autoimmune diseases. Kyverna's CEO, Peter Maag, expressed satisfaction with the company's scientific rapport with the FDA and hopes this rigorous approach will benefit patients most in need.
Kyverna Therapeutics (KYTX) has received Regenerative Medicine Advanced Therapy (RMAT) designation from the FDA for KYV-101, its autologous CD19 CAR T-cell therapy, in treating refractory stiff-person syndrome. This designation, based on positive clinical outcomes in Germany, allows Kyverna to receive expert guidance on efficient drug development and use of surrogate endpoints from senior FDA officials. The company is set to begin its sponsored trial, KYSA-8, which could potentially revolutionize SPS treatment by offering a durable, immunosuppressant-free remission through an immunological reset of the patient's immune system.
FAQ
What is the current stock price of Kyverna Therapeutics (KYTX)?
What is the market cap of Kyverna Therapeutics (KYTX)?
What is Kyverna Therapeutics' main focus?
What is KYV-101?
What are the key clinical trials Kyverna is conducting for KYV-101?
What financial milestones has Kyverna achieved recently?
With whom has Kyverna collaborated for clinical trials?
What is KYV-201?
How is KYV-101 administered?
What are the main autoimmune conditions Kyverna targets?
What do recent clinical findings suggest about KYV-101?
Where can I find more information about Kyverna?
