Kairos Pharma has raised USD 6.2 million in its initial public offering, which involved the offer and sale of ~1.55 million shares at USD 4 per share. The company has been trading on the NYSE American LLC since September 16 under the symbol "KAPA."
The funds raised will be directed toward supporting its Phase I trial in lung cancer and Phase II trial in prostate cancer involving product candidate "ENV 105." The company also plans to advance its preclinical candidates, such as "KROS 101."
Kairos Pharma is a biopharmaceutical company developing oncology therapeutics to reverse drug resistance and immune suppression. The company's pipeline comprises KROS drugs (immunotherapeutics) and ENV antibodies. Its lead candidate, ENV 105, is designed to reverse resistance to standard-of-care drugs in prostate and lung cancer. Other key candidates include KROS 201, an autologous T-cell therapy targeting glioblastoma cancer stem cells.
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