Krystal Biotech updates on KB707, an immunotherapy for non-small cell lung cancer, ahead of FDA meeting.
Quiver AI Summary
Krystal Biotech, Inc. has announced an update on its KB707 development, a redosable immunotherapy aimed at enhancing interleukin-2 and interleukin-12 expression in the tumor microenvironment to treat solid tumors. Following promising results in treating non-small cell lung cancer (NSCLC), the company has been granted a meeting with the FDA to discuss potential pathways for registering inhaled KB707. With an objective response rate of 36% observed in heavily pre-treated NSCLC patients, the company emphasizes the urgent need for new treatments in this area. While enrollment continues in the KYANITE-1 study investigating inhaled KB707, enrollment in the OPAL-1 study for intratumoral KB707 has been paused to focus on the inhaled version. Krystal Biotech is focused on developing genetic medicines to address significant medical needs and has a range of ongoing clinical projects.
Potential Positives
- Krystal Biotech has received an End of Phase 2 meeting with the FDA to discuss potential development pathways for inhaled KB707, indicating regulatory support for their promising treatment.
- Positive early evidence of efficacy for KB707 in treating non-small cell lung cancer (NSCLC) has been reported, with an objective response rate of 36% in heavily pre-treated patients.
- Inhaled KB707 is reported to be safe and well tolerated, with no severe adverse events observed, supporting its potential for outpatient administration.
- The company is prioritizing development for inhaled KB707 to address an urgent unmet need in NSCLC treatment, reflecting its commitment to innovation in biotechnology.
Potential Negatives
- The Company has paused enrollment in OPAL-1 study, which may indicate challenges or reassessment in the development of intratumoral KB707.
- The objective response rate of 36% in heavily pre-treated NSCLC patients may be viewed as suboptimal, raising concerns about the efficacy of KB707 compared to other potential treatments.
- Median duration of response and progression-free survival not reached may signal uncertainty regarding the treatment's long-term effectiveness.
FAQ
What is KB707 developed by Krystal Biotech?
KB707 is a redosable immunotherapy targeting localized expression of interleukin-2 and interleukin-12 to treat solid tumors.
Which type of cancer is KB707 primarily aiming to treat?
KB707 is focusing on the treatment of non-small cell lung cancer (NSCLC).
What is the objective response rate for KB707 in NSCLC patients?
The objective response rate for KB707 in heavily pre-treated NSCLC patients is 36% as of April 2025.
What studies are currently evaluating KB707?
The KYANITE-1 study is evaluating inhaled KB707, while enrollment in the OPAL-1 study for intratumoral KB707 has been paused.
Where can I find more information about Krystal Biotech's clinical trials?
More information about Krystal Biotech's clinical trials can be found at www.clinicaltrials.gov using the study identifiers provided.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KRYS Insider Trading Activity
$KRYS insiders have traded $KRYS stock on the open market 51 times in the past 6 months. Of those trades, 0 have been purchases and 51 have been sales.
Here’s a breakdown of recent trading of $KRYS stock by insiders over the last 6 months:
- KRISH S KRISHNAN (President and CEO) has made 0 purchases and 25 sales selling 100,000 shares for an estimated $16,407,360.
- SUMA KRISHNAN (President, R&D) has made 0 purchases and 25 sales selling 100,000 shares for an estimated $16,407,360.
- KATHRYN ROMANO (Chief Accounting Officer) sold 750 shares for an estimated $131,415
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$KRYS Hedge Fund Activity
We have seen 137 institutional investors add shares of $KRYS stock to their portfolio, and 188 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SOLEUS CAPITAL MANAGEMENT, L.P. added 481,200 shares (+108.9%) to their portfolio in Q2 2025, for an estimated $66,145,752
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 341,186 shares (-59.3%) from their portfolio in Q2 2025, for an estimated $46,899,427
- BRAIDWELL LP added 327,067 shares (+81.6%) to their portfolio in Q2 2025, for an estimated $44,958,629
- GOLDMAN SACHS GROUP INC added 296,721 shares (+127.0%) to their portfolio in Q2 2025, for an estimated $40,787,268
- FIRST TRUST ADVISORS LP added 189,245 shares (+571.3%) to their portfolio in Q2 2025, for an estimated $26,013,617
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 185,550 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $25,505,703
- INVESCO LTD. removed 183,598 shares (-72.1%) from their portfolio in Q2 2025, for an estimated $25,237,381
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$KRYS Analyst Ratings
Wall Street analysts have issued reports on $KRYS in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Chardan Capital issued a "Buy" rating on 08/05/2025
- HC Wainwright & Co. issued a "Buy" rating on 07/25/2025
- B of A Securities issued a "Buy" rating on 07/22/2025
- Clear Street issued a "Buy" rating on 07/01/2025
- Guggenheim issued a "Buy" rating on 05/07/2025
- Jefferies issued a "Buy" rating on 03/05/2025
To track analyst ratings and price targets for $KRYS, check out Quiver Quantitative's $KRYS forecast page.
$KRYS Price Targets
Multiple analysts have issued price targets for $KRYS recently. We have seen 8 analysts offer price targets for $KRYS in the last 6 months, with a median target of $191.0.
Here are some recent targets:
- Geulah Livshits from Chardan Capital set a target price of $219.0 on 08/05/2025
- Yigal Nochomovitz from Citigroup set a target price of $166.0 on 08/05/2025
- Joseph Pantginis from HC Wainwright & Co. set a target price of $240.0 on 07/25/2025
- Alec Stranahan from B of A Securities set a target price of $192.0 on 07/22/2025
- Bill Maughan from Clear Street set a target price of $190.0 on 07/01/2025
- Debjit Chattopadhyay from Guggenheim set a target price of $189.0 on 05/07/2025
- Roger Song from Jefferies set a target price of $245.0 on 03/05/2025
Full Release
PITTSBURGH, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Krystal Biotech, Inc. (the “Company”) (NASDAQ: KRYS), a commercial-stage biotechnology company, today announced an update on development plans for KB707, the Company’s redosable immunotherapy designed to drive sustained, localized expression of interleukin-2 (IL-2) and interleukin-12 (IL-12) in the tumor microenvironment and promote systemic immune-mediated tumor clearance following inhaled or intratumoral delivery to solid tumors.
Based on promising early evidence of efficacy in the treatment of non-small cell lung cancer (NSCLC), the Company was granted an End of Phase 2 meeting with the United States Food and Drug Administration (FDA) in October to discuss potential development pathways to support the registration of inhaled KB707.
“The acceleration of our work on inhaled KB707 is a reflection of both the clear and acute unmet need that exists for new treatments of NSCLC and the promising efficacy profile we have observed to date with inhaled KB707,” said Suma Krishnan, President of Research and Development of Krystal Biotech. “We look forward to meeting with the FDA and bringing another urgently needed therapeutic option to patients.”
Evidence supporting the prioritization of inhaled KB707, including monotherapy activity and durable responses in heavily pre-treated patients with NSCLC, was disclosed by the Company at the 2025 American Society of Clinical Oncology Annual Meeting earlier this year. As of data cut-off of April 15, 2025, the objective response rate in this heavily pre-treated NSCLC patient cohort was 36%. Median duration of response and progression free survival were not reached. Inhaled KB707 continued to be safe and generally well tolerated and amenable to administration in an outpatient setting, with no Grade 4 or 5 adverse events observed.
Enrollment continues in the Company’s KYANITE-1 study, a Phase 1/2 open label, multi-center, dose escalation and expansion study evaluating inhaled KB707 in patients with locally advanced or metastatic solid tumors of the lung. Details of the study can be found at www.clinicaltrials.gov under NCT identifier NCT06228326.
With the prioritization of inhaled KB707, the Company has paused enrollment in OPAL-1, a Phase 1/2 open label, multi-center, dose escalation and expansion study evaluating intratumoral KB707 in patients with locally advanced or metastatic solid tumor malignancies. Patients on OPAL-1 continue to be followed and based on safety and efficacy results from OPAL-1, the Company may adjust development plans for intratumoral KB707. Details of the study can be found at www.clinicaltrials.gov under NCT identifier NCT05970497.
About Krystal Biotech, Inc.
Krystal Biotech, Inc. (NASDAQ: KRYS) is a fully integrated, commercial-stage, global biotechnology company focused on the discovery, development and commercialization of genetic medicines to treat diseases with high unmet medical needs. VYJUVEK
®
, the Company’s first commercial product, is the first-ever redosable gene therapy, and the first genetic medicine approved in the United States, Europe, and Japan for the treatment of dystrophic epidermolysis bullosa. The Company is rapidly advancing a robust preclinical and clinical pipeline of investigational genetic medicines in respiratory, oncology, dermatology, ophthalmology, and aesthetics. Krystal Biotech is headquartered in Pittsburgh, Pennsylvania. For more information, please visit
http://www.krystalbio.com
, and follow @KrystalBiotech on
LinkedIn
and
X
(formerly Twitter).
Forward-Looking Statements
This press release contains “forward looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on the Company’s current expectations and beliefs regarding its KB707 program. All statements other than historical facts are or may be deemed to be forward-looking statements and involve known and unknown risks, uncertainties, and assumptions that could cause actual results to differ materially from those indicated by such forward-looking statements as a result of various important factors set forth under the caption “Risk Factors” in the Company’s annual and quarterly reports on file with the U.S. Securities and Exchange Commission. The Company provides this information as of the date of this release and assumes no obligation to update any forward-looking statements.
CONTACT
Investors and Media:
Stéphane Paquette, PhD
Krystal Biotech
[email protected]