other material
confidence medium
sentiment neutral
materiality 0.60
Kala Pharma reports $52.4M cash; plans Phase 2/3 trial for KPI-012 in Q4 2022 with data 1Q 2024
KALA BIO, Inc.
- Cash and equivalents of $52.4M as of Sept 30, 2022, expected to fund operations into Q2 2024.
- Plans to initiate Phase 2/3 trial of KPI-012 for PCED in Q4 2022; topline data expected Q1 2024.
- Appointed Marjan Farid, M.D., to Board of Directors in November 2022.
- Effected 1-for-50 reverse stock split on October 20, 2022.