Kymera Therapeutics reports Q2 EPS (95c), consensus (80c)

Reports Q2 revenues $11.5M, consensus $24.16M. “The first half of this year has been rich in data and milestones that build upon our scientific achievements and further validate the potential impact of our industry leading oral immunology pipeline. This includes the exceptional data from the healthy volunteer trial for KT-621, our once-a-day oral STAT6 degrader, which exceeded expectations across every measure showing robust target and pathway engagement, as well as safety undifferentiated from placebo,” said Nello Mainolfi, PhD, Founder, President and CEO, Kymera Therapeutics (KYMR). “We’re continuing to rapidly advance this program, and with the enrollment progress we have made in the KT-621 BroADen Phase 1b trial in AD patients, we’re on track to share the BroADen study data, and to initiate our first Phase 2b study in AD, both in the fourth quarter. Additionally, we’re advancing KT-579, our oral IRF5 degrader program with broad clinical promise in areas of high unmet need, on the path to clinical entry early next year. We recently announced two collaboration updates as well, including an exciting new partnership with Gilead focused on our innovative CDK2 molecular glue program, and Sanofi’s plans to advance our second generation IRAK4 degrader, KT-485, into clinical studies. With $1 billion in cash and an extended cash runway into the second half of 2028, we are well-positioned to deliver on our goals and improve patients’ lives with a new class of oral medicines with biologics-like profiles.”