Kiniksa(KNSA)

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Kiniksa Pharmaceuticals to Present at 43rd Annual J.P. Morgan Healthcare Conference
Newsfilter· 2025-01-06 21:01
Core Viewpoint - Kiniksa Pharmaceuticals International will present at the 43rd Annual J.P. Morgan Healthcare Conference on January 13, 2025, highlighting its focus on therapeutic medicines for unmet medical needs [1]. Company Overview - Kiniksa is a commercial-stage biopharmaceutical company dedicated to discovering, acquiring, developing, and commercializing therapeutic medicines for patients with debilitating diseases [3]. - The company specializes in immune-modulating assets that target underserved cardiovascular and autoimmune conditions, aiming for differentiation based on strong biological rationale or validated mechanisms [3]. Event Details - The presentation will take place at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) [1]. - A live webcast of the presentation will be available on Kiniksa's website, with a replay accessible approximately 48 hours after the event [2].
Kiniksa Pharmaceuticals to Present at Jefferies London Healthcare Conference
GlobeNewswire News Room· 2024-11-12 21:01
Group 1 - Kiniksa Pharmaceuticals will participate in a fireside chat at the 2024 Jefferies London Healthcare Conference on November 19, 2024, at 12:00 p.m. GMT [1] - A live webcast of the presentation will be available on Kiniksa's website, with a replay accessible within approximately 48 hours after the event [2] - Kiniksa is a commercial-stage biopharmaceutical company focused on developing therapeutic medicines for patients with significant unmet medical needs, particularly in cardiovascular and autoimmune conditions [3]
Kiniksa(KNSA) - 2024 Q3 - Quarterly Report
2024-10-29 20:14
Financial Performance - Product revenue for the three months ended September 30, 2024, was $112.2 million, a 65% increase from $64.8 million in the same period of 2023[18]. - Total revenue for the nine months ended September 30, 2024, reached $300.7 million, compared to $186.9 million for the same period in 2023, reflecting a 60% increase[18]. - The net loss for the three months ended September 30, 2024, was $12.7 million, compared to a net loss of $13.9 million for the same period in 2023[18]. - Net loss for the nine months ended September 30, 2024, was $34,305,000, compared to a net loss of $11,153,000 for the same period in 2023[22]. - Basic and diluted net loss attributable to ordinary shareholders for the three months ended September 30, 2024, was $(12,693) million, compared to $(13,855) million for the same period in 2023[115]. - The company reported a net loss of $34.3 million for the nine months ended September 30, 2024, compared to a net loss of $11.2 million in the same period of 2023[192]. Revenue Sources - Product revenue from ARCALYST for the three months ended September 30, 2024, was $112,214, representing a 73% increase from $64,802 in the same period of 2023[55]. - For the nine months ended September 30, 2024, product revenue was $294,493, up 82% from $161,956 in the prior year[55]. - Net revenue from the sale of ARCALYST reached $294.5 million for the nine months ended September 30, 2024, compared to $162.0 million for the same period in 2023, an increase of 81.6%[178]. Expenses - Research and development expenses for the three months ended September 30, 2024, were $26.1 million, up from $17.1 million in the same period of 2023, indicating a 52% increase[18]. - Selling, general, and administrative expenses for the three months ended September 30, 2024, were $46.4 million, compared to $34.5 million in the same period of 2023, representing a 34% increase[18]. - Total operating expenses for the nine months ended September 30, 2024, were $327.0 million, up from $212.1 million in 2023, reflecting a 54.1% increase[179]. - Research and development expenses rose to $76.4 million for the nine months ended September 30, 2024, compared to $56.0 million in 2023, marking a 36.4% increase[183]. - Collaboration expenses increased to $80.1 million for the nine months ended September 30, 2024, compared to $39.6 million in 2023, a rise of 102.5%[183]. Cash and Investments - Cash and cash equivalents at the end of the period were $97,376,000, down from $117,828,000 at the end of September 2023[22]. - The company had cash, cash equivalents, and short-term investments totaling $223,780 as of September 30, 2024, which is expected to fund operations for at least twelve months[33]. - As of September 30, 2024, total unrecognized compensation expense related to unvested share option awards was $42,841, expected to be recognized over a weighted average remaining period of 2.58 years[67]. - The company’s total cash equivalents and short-term investments as of September 30, 2024, included $48,429 in money market funds and $126,404 in U.S. Treasury notes[49]. Financing and Capital Requirements - The company may require substantial additional financing to further its operational plans, which may not be obtainable on acceptable terms[11]. - The company expects to incur significant expenses related to the commercialization of ARCALYST and the development of product candidates, including ongoing clinical trials[200]. - The company anticipates requiring additional capital for collaboration, licensing, or strategic transactions, as well as for product manufacturing and marketing[202]. - Existing cash, cash equivalents, and short-term investments are expected to fund operating expenses for at least the next 12 months[202]. Collaboration Agreements - The Company entered into a license agreement with Genentech, receiving an upfront payment of $80,000 and additional cash payments totaling $55,000 for development milestones in 2023 and early 2024[75]. - The Company is eligible for approximately $600,000 in contingent payments under the Genentech License Agreement, with about $570,000 remaining as of September 30, 2024[75]. - The Company recognized $5,261 in collaboration revenue under the Genentech License Agreement during the nine months ended September 30, 2024, with $4,989 related to prior performance obligations[81]. - The Company received a total upfront cash payment of $22,000 under the Huadong Collaboration Agreements, with potential payments of up to $70,000 for rilonacept and $576,000 for mavrilimumab[83]. Research and Development Focus - The company is focused on developing therapeutic medicines for underserved cardiovascular and autoimmune conditions, indicating a strategic emphasis on unmet medical needs[24]. - The company is currently enrolling and dosing a Phase 2b clinical trial of abiprubart in Sjögren's Disease, following positive results from earlier cohorts in rheumatoid arthritis trials[141]. - The company has exclusive worldwide rights to develop and commercialize mavrilimumab, with ongoing evaluations for potential partnership opportunities[141]. Risks and Uncertainties - The company faces numerous risks and uncertainties in the research and commercialization of biologic products, impacting future funding requirements[203]. - The company has made significant estimates regarding revenue recognition, research and development expenses, and deferred tax assets, which may differ from actual results[31]. - Critical accounting policies involve significant judgment, particularly in accrued research and development expenses, revenue recognition, and realizability of deferred tax assets[205].
Kiniksa(KNSA) - 2024 Q3 - Earnings Call Presentation
2024-10-29 15:46
| --- | --- | --- | --- | --- | |-------|-------|----------------------------|-------|-------| | | | | | | | | | Third Quarter 2024 | | | | | | | | | | | | Financial Results and | | | | | | Recent Portfolio Execution | | | OCTOBER 29, 2024 Agenda | --- | --- | |--------------------------------------------------------------------------------|-------| | Introduction \| Sanj K. Patel, Chief Executive Officer | | | | | | ARCALYST ® Commercial Execution \| Ross Moat, Chief Commercial Officer | | | | | | Third Qu ...
Kiniksa(KNSA) - 2024 Q3 - Earnings Call Transcript
2024-10-29 15:45
Kiniksa Pharmaceuticals International, plc (NASDAQ:KNSA) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Jonathan Kirshenbaum - Investor Relations Sanj Patel - Chairman and Chief Executive Officer Ross Moat - Chief Commercial Officer Mark Ragosa - Chief Financial Officer John Paolini - Chief Medical Officer Conference Call Participants Roger Song - Jefferies Liisa Bayko - Evercore ISI Paul Choi - Goldman Sachs Eva Fortea-Verdejo - Wells Fargo David Nierengarten - Wedbush Se ...
Kiniksa Pharmaceuticals, Ltd. (KNSA) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-10-29 13:46
Earnings Performance - Kiniksa Pharmaceuticals reported a quarterly loss of $0 18 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0 01, representing an earnings surprise of -1,700% [1] - The company's loss per share improved from $0 20 a year ago, showing a year-over-year improvement [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] Revenue Performance - Kiniksa Pharmaceuticals posted revenues of $112 21 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1 77% [2] - This represents a significant increase from year-ago revenues of $67 05 million [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] Stock Performance - Kiniksa Pharmaceuticals shares have added about 57 3% since the beginning of the year, outperforming the S&P 500's gain of 22 1% [3] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Earnings Outlook - The current consensus EPS estimate is $0 02 on $119 26 million in revenues for the coming quarter and -$0 29 on $418 02 million in revenues for the current fiscal year [7] - The estimate revisions trend for Kiniksa Pharmaceuticals is favorable, translating into a Zacks Rank 2 (Buy) [6] Industry Context - Kiniksa Pharmaceuticals belongs to the Zacks Medical - Biomedical and Genetics industry, which is currently in the top 30% of the 250 plus Zacks industries [8] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Affimed N V, another stock from the same industry, is expected to post a quarterly loss of $1 14 per share, representing a year-over-year improvement of +32 9% [9] - Affimed N V's revenues are expected to be $1 41 million, down 34 4% from the year-ago quarter [9]
Kiniksa(KNSA) - 2024 Q3 - Quarterly Results
2024-10-29 11:31
Exhibit 99.1 Kiniksa Pharmaceuticals Reports Third Quarter 2024 Financial Results and Recent Portfolio Execution – ARCALYST (rilonacept) Q3 2024 net product revenue of $112.2 million, representing 73% year-over-year growth – – ARCALYST 2024 expected net product revenue increased to $410 - $420 million – – Life DisRPted disease awareness campaign for recurrent pericarditis launched in partnership with NHL Hall of Famer, Henrik Lundqvist, and GRAMMYAward-winning singer-songwriter, Carly Pearce – – Kiniksa exp ...
Kiniksa Pharmaceuticals Reports Third Quarter 2024 Financial Results and Recent Portfolio Execution
GlobeNewswire News Room· 2024-10-29 11:30
– ARCALYST® (rilonacept) Q3 2024 net product revenue of $112.2 million, representing 73% year-over-year growth –– ARCALYST 2024 expected net product revenue increased to $410 - $420 million –– Life DisRPted ™ disease awareness campaign for recurrent pericarditis launched in partnership with NHL Hall of Famer, Henrik Lundqvist, and GRAMMY® Award-winning singer-songwriter, Carly Pearce –– Kiniksa expects to remain cash flow positive on an annual basis –– Conference call and webcast scheduled for 8:30 am ET to ...
Kiniksa Pharmaceuticals to Report Third Quarter 2024 Financial Results on October 29, 2024
GlobeNewswire News Room· 2024-10-22 20:01
LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Kiniksa Pharmaceuticals International, plc (Nasdaq: KNSA) announced today that it will host a conference call and live webcast on Tuesday, October 29, 2024 at 8:30 a.m. Eastern Time to report its third quarter 2024 financial results and recent portfolio execution. A live webcast will be accessible through the Investors & Media section of the company’s website at www.kiniksa.com. Individuals interested in participating in the call via telephone may register here. Upo ...
What Makes Kiniksa Pharmaceuticals (KNSA) a Good Fit for 'Trend Investing'
ZACKS· 2024-10-11 13:51
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...