Kiora Pharmaceuticals, Inc. ( (KPRX) ) has released its Q4 earnings. Here is a breakdown of the information Kiora Pharmaceuticals, Inc. presented to its investors.
Kiora Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing advanced therapies for retinal diseases, utilizing innovative small molecules to address vision loss. In its latest earnings report, Kiora Pharmaceuticals announced significant progress in its drug development pipeline for retinal diseases, alongside a positive financial turnaround. The company received approvals to initiate two Phase 2 clinical trials: KLARITY for KIO-104 targeting retinal inflammation and ABACUS-2 for KIO-301 in retinitis pigmentosa, with data expected in 2026. Financially, Kiora ended 2024 with $26.8 million in cash and short-term investments, and a net income of $3.6 million, a substantial improvement from the previous year’s loss, largely due to $16 million in collaboration revenue from Laboratoires Théa. Looking forward, Kiora is well-positioned with a financial runway extending into 2027, as it continues to advance its clinical trials and explore strategic partnerships to further its mission of addressing retinal diseases.