Kinarus exploring financial and strategic options for KIN001 development
Shares of Swiss biopharma Kinarus Therapeutics Holding (SIX: KNRS) were down 13% by midday after it confirmed plans to focus on clinical trials of its lead candidate KIN001 in ophthalmic and pulmonary fibrosis indications, and to refocus its capital resources and financing efforts to drive these programs.
After the company discontinued the Phase II KINETIC study of KIN001 in hospitalized COVID-19 patients, Kinarus is now exploring various financial and strategic options to initiate mid-stage clinical development of its lead drug candidate, KIN001, in wet age-related macular degeneration (wAMD) and idiopathic pulmonary fibrosis (IPF).
KIN001 is a patented combination of pamapimod, a highly selective clinical stage small molecule inhibitor of the p38 MAPK signaling pathway, and pioglitazone, a marketed drug for the treatment of type 2 diabetes.
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