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KYMR Positive Sentiment Score: 70/100

Kymera Therapeutics to Report Second Quarter 2023 Financial Results on August 3

Key Takeaway: Kymera Therapeutics, Inc. is set to report its second quarter 2023 financial results on August 3, 2023, and will host a conference call the same day at 8:30 a.m. ET. The biopharmaceutical company focuses on targeted protein degradation through its innovative Pegasus platform, which develops drugs to address various diseases. The firm aims to advance its therapies targeting specific pathways linked to immune-inflammatory diseases and cancers. However, caution is advised due to potential risks affecting the timelines and outcomes of its clinical and preclinical programs.

Market Sentiment Analysis

POSITIVE FACTORS

  • Kymera Therapeutics is advancing novel small molecule protein degrader medicines.
  • The company is pioneering targeted protein degradation, addressing challenging disease targets.
  • Kymera's Pegasus platform is a powerful drug discovery engine.
  • The pipeline of therapeutic candidates aims to provide effective treatments for various diseases.

CONCERNS & RISKS

  • There are inherent risks involved with preclinical and clinical trial delays.
  • The impact of COVID-19 could disrupt operations and timelines.
  • Results from current studies may not predict future outcomes.
  • There are risks associated with maintaining intellectual property and collaboration relationships.

Full Press Release Details

WATERTOWN, Mass., July 27, 2023 (GLOBE NEWSWIRE) -- Kymera Therapeutics, Inc. (NASDAQ: KYMR), a clinical-stage biopharmaceutical company advancing targeted protein degradation to deliver novel small molecule protein degrader medicines, will report second quarter 2023 financial results on August 3, 2023, and will host a conference call at 8:30 a.m. ET that day.
To access the August 3 conference call via phone, please dial +1 (800) 715-9871 (US) or +1 (646) 307-1963 (International) and ask to join the Kymera Therapeutics call or provide Conference ID 7353312. A live webcast of the Company’s conference call will be available under the “Events and Presentations” section of the Investors page on the Company’s website at www.kymeratx.com.
About Kymera Therapeutics
Kymera is a biopharmaceutical company pioneering the field of targeted protein degradation, a transformative approach to address disease targets and pathways inaccessible with conventional therapeutics. Kymera’s Pegasus platform is a powerful drug discovery engine, advancing novel small molecule programs designed to harness the body’s innate protein recycling machinery to degrade dysregulated, disease-causing proteins. With a focus on undrugged nodes in validated pathways, Kymera is advancing a pipeline of novel therapeutic candidates designed to address the most promising targets and provide patients with more effective treatments. Kymera’s initial programs target IRAK4, IRAKIMiD, and STAT3 within the IL-1R/TLR or JAK/STAT pathways, and the MDM2 oncoprotein, providing the opportunity to treat patients with a broad range of immune-inflammatory diseases, hematologic malignancies, and solid tumors.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements by Kymera Therapeutics regarding its: strategy, business plans and objectives for the IRAK4, IRAKIMiD, STAT3, and MDM2 degrader programs; plans and timelines for the preclinical and clinical development of its product candidates, including the therapeutic potential, clinical benefits and safety thereof; expectations regarding timing, success and data announcements of current ongoing preclinical and clinical trials. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, risks associated with: the impact of COVID-19 on countries or regions in which we have operations or do business, as well as on the timing and anticipated results of our current and future preclinical studies and clinical trials, supply chain, strategy and future operations; the delay of any current and future preclinical studies or clinical trials or the development of Kymera Therapeutics' drug candidates; the risk that the results of current preclinical studies and clinical trials may not be predictive of future results in connection with current or future preclinical and clinical trials, including those for KT-474, KT-333, KT-413 and KT-253; Kymera Therapeutics' ability to successfully demonstrate the safety and efficacy of its drug candidates; the timing and outcome of the Kymera Therapeutics' planned interactions with regulatory authorities; obtaining, maintaining and protecting its intellectual property; and Kymera Therapeutics' relationships with its existing and future collaboration partners. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 filed on May 4, 2023, as well as discussions of potential risks, uncertainties, and other important factors in Kymera Therapeutics' subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Kymera Therapeutics' views only as of today and should not be relied upon as representing its views as of any subsequent date. Kymera Therapeutics explicitly disclaims any obligation to update any forward-looking statements. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.
Investor Contact: Media Contact:
Bruce Jacobs Todd Cooper
Chief Financial Officer Senior Vice President, Corporate Affairs
investors@kymeratx.com media@kymeratx.com
857-285-5300 857-285-5300
Chris Brinzey
Managing Director, Westwicke
chris.brinzey@westwicke.com
339-970-2843

Frequently Asked Questions

When will Kymera Therapeutics report Q2 2023 results?

Kymera Therapeutics will report its Q2 2023 financial results on August 3, 2023.

How can I join the Kymera conference call?

Join the Kymera conference call by dialing +1 (800) 715-9871 or +1 (646) 307-1963.

What therapies is Kymera currently developing?

Kymera is developing therapies targeting IRAK4, IRAKIMiD, STAT3, and MDM2.

Where can I find the live webcast of the conference?

The live webcast is available on the Investors page of Kymera's website.

What is Kymera's Pegasus platform?

Kymera's Pegasus platform is a drug discovery engine for targeted protein degradation.

Last updated: Jul 27, 2023