Kymera Q3 Loss Narrower Than Expected, Pipeline in Focus

Zacks11-01

Kymera Therapeutics, Inc. KYMR reported a loss of 82 cents per share in the third quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 83 cents. In the year-ago quarter, Kymera ...

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In the year-ago quarter, Kymera ...</p>\n\n<a href=\"https://finance.yahoo.com/news/kymera-q3-loss-narrower-expected-141800644.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kymera Q3 Loss Narrower Than Expected, Pipeline in Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKymera Q3 Loss Narrower Than Expected, Pipeline in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/kymera-q3-loss-narrower-expected-141800644.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kymera Therapeutics, Inc. KYMR reported a loss of 82 cents per share in the third quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 83 cents. In the year-ago quarter, Kymera ...</p>\n\n<a href=\"https://finance.yahoo.com/news/kymera-q3-loss-narrower-expected-141800644.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"制药","start_time":0,"source_url":"https://finance.yahoo.com/news/kymera-q3-loss-narrower-expected-141800644.html","article_id":"2480836760","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.UMP6LIbiG0Pb3tKR9RYYw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1566882a22938942efee3e7508e93e96"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480836760","pubTimestamp":1730470680,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Kymera Therapeutics, Inc. KYMR reported a loss of 82 cents per share in the third quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 83 cents. In the year-ago quarter, Kymera reported a loss of 90 cents per share.Collaboration revenues totaled $3.7 million, which missed the Zacks Consensus Estimate of $9 million. The reported figure increased 20.8% from the year-ago level.Collaboration revenues in the third quarter were mostly earned due to the company’s association with bigwig Sanofi SNY.Shares of KYMR have surged 81.3% year to date against the industry’s decline of 3.6%.Kymera Therapeutics, Inc. price-consensus-eps-surprise-chart | Kymera Therapeutics, Inc. Quote. In October, Kymera initiated dosing in the phase I healthy volunteer clinical trial evaluating single and multiple ascending doses of KT-621, a potent and selective oral degrader of STAT6.Sanofi informed Kymera about the decision to expand the studies after a review of preliminary safety and efficacy d","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4007":"制药","FOLD":"爱美医疗","AMRN":"阿玛琳","SNY":"赛诺菲安万特","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","KYMR":"Kymera Therapeutics, Inc.","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","BK4585":"ETF&股票定投概念","BK4139":"生物科技","BK4588":"碎股"},"translate_title":"Kymera第三季度亏损窄于预期，管道成为焦点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMRN":1,"FOLD":1,"KYMR":1,"SNY":0.9},"content_text":"Kymera Therapeutics, Inc. KYMR reported a loss of 82 cents per share in the third quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 83 cents. In the year-ago quarter, Kymera reported a loss of 90 cents per share.\nCollaboration revenues totaled $3.7 million, which missed the Zacks Consensus Estimate of $9 million. The reported figure increased 20.8% from the year-ago level.\nCollaboration revenues in the third quarter were mostly earned due to the company’s association with bigwig Sanofi SNY.\nShares of KYMR have surged 81.3% year to date against the industry’s decline of 3.6%.\nImage Source: Zacks Investment Research\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nQuarter in Detail\nResearch and development expenses amounted to $60.4 million, up 25.5% year over year. This increase was primarily due to increased expenses related to the investment in the company’s STAT6 degrader program, platform and discovery programs, as well as an increase in occupancy and related costs due to continued growth in the research and development organization.\nGeneral and administrative expenses totaled $15.5 million, up 9.4% year over year due to an increase in legal and professional service fees.\nAs of Sept. 30, 2024, Kymera had $911 million in cash, cash equivalents, and investments. In August, Kymera announced the closing of an upsized underwritten equity offering, resulting in net proceeds of approximately $247 million. Kymera expects its cash and cash equivalents to provide it with an anticipated cash runway into mid-2027.\nKymera expects that its existing cash will take the company beyond the phase II data for KT-474 and several clinical inflection points for its STAT6 and TYK2 programs.\n \n\nKymera Therapeutics, Inc. Price, Consensus and EPS Surprise\n  \nKymera Therapeutics, Inc. price-consensus-eps-surprise-chart | Kymera Therapeutics, Inc. Quote\n\nKYMR's Pipeline Updates\nIn October, Kymera initiated dosing in the phase I healthy volunteer clinical trial evaluating single and multiple ascending doses of KT-621, a potent and selective oral degrader of STAT6.\nThe phase I study will evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of KT-621 compared to placebo. Kymera expects to report phase I data in the first half of 2025.\nIn July, Sanofi informed Kymera about its intention to rapidly expand the ongoing mid-stage studies on KT-474 (SAR444656) toward pivotal studies. KT-474 (SAR444656) is a first-in-class IRAK4 degrader in development for the treatment of immune-inflammatory diseases with significant patient needs, such as hidradenitis suppurativa (HS) and atopic dermatitis (AD).\nSanofi informed Kymera about the decision to expand the studies after a review of preliminary safety and efficacy data in these studies by an Independent Data Review Committee.\nSanofi collaborated with Kymera on the development of KT-474 outside the oncology and immuno-oncology fields.\nThe ZEN study for HS has been expanded from 99 to 156 patients. Earlier, the study included one active dose of KT-474 and placebo. It will now include an additional dose. The ZEN study is now expected to be completed in the first half of 2026.\nThe ADVANTA study on AD has been expanded from 115 to 200 patients. Earlier, this study included two active doses of KT-474 as well as placebo. The study will now include an additional dose. The ADVANTA study is now expected to be completed in the middle of 2026.\nKymera has also nominated a new TYK2 development candidate, KT-295, a potent, selective, once daily oral degrader, and prioritized this compound for clinical evaluation. The candidate is expected to be advanced into phase I testing in the first half of 2025.\nKymera has decided not to continue developing KT-333 (STAT3) and KT-253 (MDM2) beyond phase I based on an overall assessment of its clinical oncology programs and given progress across the immunology pipeline.\nZacks Rank and Stocks to Consider\nKymera currently carries a Zacks Rank #3 (Hold).\nA couple of better-ranked stocks in the biotech sector are Amicus Therapeutics FOLD and Amarin AMRN. While FOLD sports a Zacks #1 Rank (Strong Buy) at present, AMRN carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nIn the past 90 days, estimates for Amicus Therapeutics’ 2024 earnings per share (EPS) have moved up from 20 to 22 cents. EPS estimates for 2025 have remained stable at 53 cents during the same period. FOLD’s earnings beat estimates in three of the trailing four quarters and missed the mark once, delivering an average surprise of 23.96%.\nIn the past 90 days, the 2024 loss per share estimate for Amarin has narrowed 2 cents. AMRN’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 118.75%. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSanofi (SNY) : Free Stock Analysis Report\nAmicus Therapeutics, Inc. (FOLD) : Free Stock Analysis Report\nAmarin Corporation PLC (AMRN) : Free Stock Analysis Report\nKymera Therapeutics, Inc. (KYMR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480836760"}