Kiora Pharmaceuticals

Kiora Pharmaceuticals

KPRX
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KPRX · Stock Price

USD 2.45-0.80 (-24.62%)
Market Cap: $10.9M

Historical price data

Market Cap: $10.9MFounded: 2015HQ: San Diego, United States

Overview

Kiora Pharmaceuticals is a clinical-stage biotech focused on developing advanced small molecule therapies for retinal diseases with high unmet need. Its strategy is built on two distinct platforms: KIO-301, a first-in-class 'photoswitch' molecule designed to restore vision in inherited retinal diseases by converting dormant retinal cells into light sensors, and KIO-104, an immune modulator for inflammatory conditions like proliferative vitreoretinopathy (PVR). The company has achieved key regulatory milestones, including Orphan Drug designations for both lead assets, and is advancing its pipeline through strategic partnerships and clinical trials.

OphthalmologyRetinal Diseases

Technology Platform

Two proprietary small molecule platforms: 1) KIO-301 'photoswitch' molecules designed to convert dormant retinal cells into light sensors for inherited retinal diseases, and 2) KIO-104 DHODH inhibitors for localized immune modulation in retinal inflammatory conditions.

Funding History

2
Total raised:$35M
Series B$25M
Series A$10M

Opportunities

Kiora addresses multi-billion dollar markets with severe unmet needs: a mutation-agnostic therapy for inherited retinal diseases (IRDs) and the first pharmacologic treatment for proliferative vitreoretinopathy (PVR).
Orphan Drug designations provide regulatory and commercial advantages.
Positive clinical data could trigger significant partnership deals or buyout interest from larger ophthalmology players.

Risk Factors

Extreme clinical and scientific risk due to novel, first-in-class mechanisms.
High financial risk as a pre-revenue micro-cap company dependent on dilutive equity financing.
Regulatory pathways for its platforms are unproven.
Faces long-term competitive threats from advancing gene therapies and other vision restoration technologies.

Competitive Landscape

In IRDs, Kiora's mutation-agnostic KIO-301 differentiates from mutation-specific gene therapies but competes with other optogenetic approaches and retinal implants. In PVR, KIO-104's primary competition is the absence of any approved drug (surgery only), though off-label anti-inflammatories are used. Its targeted DHODH inhibition offers a novel mechanism versus broad immunosuppressants.

Company Timeline

2015Founded

Founded in San Diego, United States

2021Series A

Series A: $10.0M

2023Series B

Series B: $25.0M