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Oct 31, 2021
KalVista Q2 2022 Earnings Report
KalVista reported results for the second fiscal quarter ended October 31, 2021, and prepared for the initiation of the KVD900 Phase 3 clinical trial and the KVD824 Phase 2 KOMPLETE clinical trial.
Key Takeaways
KalVista Pharmaceuticals reported no revenue for the second fiscal quarter ended October 31, 2021. Research and development expenses were $17.5 million, and general and administrative expenses were $6.1 million. The net loss was $19.7 million, or $(0.80) per share. Cash, cash equivalents, and marketable securities totaled $209.8 million as of October 31, 2021.
Advanced two distinct compounds in oral hereditary angioedema franchise into later stage trials.
Initiated KOMPLETE, the Phase 2 clinical trial of KVD824, currently enrolling patients.
Presented Phase 2 data for KVD900 at the American College of Allergy, Asthma & Immunology (ACAAI) Annual Scientific Meeting, showing rapid absorption and clinically meaningful symptom relief.
Completed an End-of-Phase 2 meeting with the FDA, confirming the Phase 3 trial design for KVD900 is expected to be appropriate to support an NDA submission.
Forward Guidance
KalVista is funded into at least early 2024, beyond both the KVD900 Phase 3 and KVD824 Phase 2 clinical trial data sets.
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