Kezar Life Sciences, Inc. - KZR STOCK NEWS

Kezar Life Sciences, a clinical-stage biotechnology company (NASDAQ: KZR), announced the grant of nonqualified stock options to six employees, totaling 232,000 shares at an exercise price of $3.05 per share. This price corresponds to the closing price on April 3, 2023, the grant date. The options, part of an inducement award, will vest over four years, with 25% vesting on the first anniversary of the employee’s start date and the remaining shares vesting monthly. This award complies with Nasdaq Listing Rule 5635(c)(4). Kezar is focused on developing breakthrough treatments for immune-mediated and oncologic disorders, including its lead asset, Zetomipzomib, which has completed a Phase 2 trial for lupus nephritis and KZR-261, a candidate in an ongoing Phase 1 trial for solid tumors.

Kezar Life Sciences reported a net loss of $68.2 million for 2022, compared to $54.6 million in 2021, and a Q4 net loss of $18.2 million. Cash and equivalents stood at $276.6 million as of December 31, 2022, up from $208.4 million in 2021. The company is advancing its zotomipzomib program with the initiation of the PALIZADE Phase 2b trial in lupus nephritis and the PORTOLA trial in autoimmune hepatitis, both set to begin in 2023. Additionally, the KZR-261 Phase 1 trial is currently enrolling its sixth cohort. The increase in research and development expenses reflects investments in these clinical programs, with total R&D costs rising to $51 million in 2022.

Kezar Life Sciences, Inc. (NASDAQ: KZR) has announced the rescheduling of its virtual Research and Development Day to March 15, 2023, at 4:30 PM ET. The event aims to set expectations for 2023 and provide updates on its clinical assets, particularly the advancement of the PALIZADE study for zetomipzomib in lupus nephritis. Additionally, Dr. Craig S. Lammert will discuss autoimmune hepatitis, emphasizing the unmet treatment needs. Following the presentation, a Q&A session will be held. Zetomipzomib is noted for its potential in treating autoimmune disorders without causing immunosuppression.

Kezar Life Sciences (Nasdaq: KZR) has announced a virtual Research and Development Day on March 22, 2023, at 4:30 PM ET. The event will detail the company's pipeline, focusing on zetomipzomib and its development in lupus nephritis, as well as the recently initiated PORTOLA study for autoimmune hepatitis. Key presentations will include insights from experts, such as Craig S. Lammert, M.D. Zetomipzomib, primarily aimed at autoimmune diseases, demonstrated favorable safety in trials. The event will also discuss KZR-261, a novel cancer treatment targeting the protein secretion pathway. Interested parties can register through Kezar's website.

Kezar Life Sciences, a clinical-stage biopharmaceutical company, announced the grant of nonqualified stock options to three employees to purchase a total of 33,000 shares at an exercise price of $5.43 per share, equivalent to the closing price on March 2, 2023. The options will vest over four years, with 25% vesting after the first year and the remainder vesting monthly. This grant is part of the company's 2022 Inducement Plan and aims to attract new talent. Kezar is known for its innovative treatments for immune-mediated and oncologic disorders, including its lead asset, Zetomipzomib, currently in Phase 2 trials.

Kezar Life Sciences, a clinical-stage biotechnology firm focused on immune-mediated and oncologic disorders, announced that Dr. Noreen Roth Henig will participate in a panel discussion on Autoimmune/Complement/Inflammation at the Cowen 43rd Annual Health Care Conference in Boston, MA, on March 7, 2023, at 10:30 am ET. A live webcast will be available on the company's website, with an archived version accessible for 90 days post-event. Kezar is advancing novel therapies, such as Zetomipzomib for lupus nephritis and KZR-261 for solid tumors, highlighting its commitment to innovative treatments.

Kezar Life Sciences, a clinical-stage biotechnology firm, announced the grant of nonqualified stock options to five employees for the purchase of 131,000 shares at an exercise price of $7.10 per share. This price matches the closing value on February 3, 2023, the date of the grant. The stock options are part of an inducement award linked to employment and will vest over four years, with initial vesting occurring one year after the employee's start date. Kezar is advancing treatments for immune-mediated and oncologic disorders, including drug candidates like Zetomipzomib and KZR-261.

Kezar Life Sciences, a clinical-stage biotechnology company, announced the granting of nonqualified stock options to two employees for purchasing 65,000 shares at an exercise price of $6.84 per share, equivalent to the closing price on January 6, 2023. The options will vest over four years, with 25% vesting on the first anniversary and the remainder vesting monthly thereafter. This grant is part of Kezar’s 2022 Inducement Plan and complies with Nasdaq Listing Rule 5635(c)(4). Kezar is focused on developing breakthrough treatments for immune-mediated and oncologic disorders, including its lead asset, Zetomipzomib, used in clinical trials.