About Kymera Therapeutics, Inc. - Common Stock (KYMR)
Kymera Therapeutics Inc is a biotechnology company focused on developing innovative therapeutics that harness the power of targeted protein degradation to treat a range of diseases, including cancer and autoimmune disorders. By utilizing its proprietary technology platform, the company aims to design and create small molecules that can selectively degrade specific proteins, thereby offering a novel approach to addressing previously difficult-to-target biological pathways. Kymera's pipeline includes a variety of drug candidates that advance the understanding of protein function and the potential for transformative treatments, positioning the company at the forefront of the next generation of precision medicine. Read More
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Kymera Therapeutics stated that its BroADen clinical trial of KT-621 showed that it achieved median reductions of STAT6 degradation of 94% and 98% in skin and blood in 100mg and 200mg dose groups.
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Under the terms of the agreement, Kymera is eligible to receive up to $750 million in total payments, including up to $85 million in upfront and potential option exercise payments.
Kymera signs $750 million CDK2 drug deal with Gilead and earns $20 million from Sanofi as KT-485 advances toward clinical trials in inflammatory diseases.
Gilead Sciences, Inc. (NASDAQ: GILD) and Kymera Therapeutics, Inc. (NASDAQ: KYMR), today announced that they have entered into an exclusive option and license agreement to accelerate the development and commercialization of a novel molecular glue degrader (MGD) program targeting cyclin-dependent kinase 2 (CDK2) with broad oncology treatment potential including in breast cancer and other solid tumors.
