Business
Kodiak Sciences Announces Second Quarter 2021 Financial Results and Recent Business Highlights
PALO ALTO, Calif., Aug. 9, 2021 /PRNewswire/ -- Kodiak Sciences Inc. (Nasdaq: KOD), a biopharmaceutical company committed to researching, developing and
About this update from Kodiak Sciences Inc
[{"type":"text","content":"PALO ALTO, Calif., Aug. 9, 2021 /PRNewswire/ -- Kodiak Sciences Inc. (Nasdaq: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases, today reported business highlights and financial results for the second quarter ended June 30, 2021.\n\"The Kodiak team continued its strong execution across our clinical, regulatory and pipeline objectives in the second quarter of 2021. DAZZLE, our long-interval wet AMD pivotal study, continues its follow-up phase as patients proceed to their one-year primary endpoint visits and into the second year of the study. BEACON, our RVO pivotal study, is nearly two-thirds enrolled, and enrollment in GLEAM and GLIMMER, our paired long-interval diabetic macular edema pivotal studies, continue on pace globally. In June 2021, we enrolled our first patients in DAYLIGHT, our new short-interval wet AMD study. The KSI-301 anti-VEGF development program is tracking nicely towards top-line data readouts starting in early 2022,\" said Victor Perlroth, M.D., Chief Executive Officer of Kodiak Sciences. \"We also made further strides in bringing KSI-301 to retina patients globally with IND approvals in China, and we expect to enroll our first patients from China in our RVO and DME pivotal studies later this year. In our pipeline, we continue to advance KSI-501, our bispecific anti-VEGF/anti-IL-6 conjugate, towards the clinic, and we are making exciting scientific progress with our new triplets program that combines large-molecules and small-molecules into ABC platform medicines.\"\nRecent Business Highlights\nKSI-301 Clinical Program ProgressIn the second quarter of 2021, we randomized the first patients into our new Phase 3 study in wet AMD (DAYLIGHT). Patient enrollment into GLEAM, GLIMMER, BEACON and DAYLIGHT continues to be on track for completion in the fourth quarter of 2021 or early 2022. Notably, BEACON, our study of KSI-301 in RVO, is nearly two-thirds enrolled and we are extending the study to 18 months to allow participants to continue to receive treatment for a longer period of time. We also plan to begin recruitment in our Phase 3 GLOW study in patients with non-proliferative Diabetic Retinopathy in August 2021. To date, we are pleased with the operational progress in site activation, patient screening...