earnings
confidence high
sentiment positive
materiality 0.85
Kymera Q2 net loss narrows to $61.2M; KT-621 AD trial data accelerated to year-end 2026
Kymera Therapeutics, Inc.
- Net loss of $61.2M vs $76.6M in Q2 2025; collaboration revenue of $65.0M from Gilead ($45M) and Sanofi ($20M) milestones.
- Cash of $1.5B as of June 30, 2026, providing runway into 2029.
- KT-621 Phase 2b AD trial enrollment completed ~6 months early; topline data now expected by year-end 2026 (vs mid-2027).
- KT-579 Phase 1 healthy volunteer data expected 4Q26; lupus proof-of-concept trial planned.
- Appointed Felix Baker as Chairman, Terence Rooney as CMO; Sanofi initiated KT-485 Phase 1.