SAN FRANCISCO, Aug. 13, 2014 /PRNewswire/ -- Kindred Biosciences, Inc. (NASDAQ: KIN) today announced financial results for the quarter ended June 30, 2014.
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"It is an exciting time for KindredBio as we develop our broad portfolio of drug candidates," stated Richard Chin, M.D., President and Chief Executive Officer of KindredBio. "We currently anticipate the topline results from our pivotal study of CereKin shortly. The fact that we completed the entire study from start to finish in only 12 months, and on budget, is a testament to the quality and dedication of our team. As an organization, we continue to make top-notch science, patient benefit, and execution our top priorities."
If positive, the study will support an NADA filing for the approval of CereKin, an IL-1 inhibitor, for osteoarthritis in dogs. In addition, topline results for the pivotal studies of AtoKin, a selective histamine inhibitor for atopic dermatitis in dogs, and SentiKin, a KCNQ potassium channel agonist for postoperative pain in dogs, are targeted by end of the year, assuming enrollments proceed as scheduled.
In addition, KindredBio announced that it has made significant advances on several other products. A PK study of extended-release SentiKin for postoperative pain in cats has been completed. A PK study of a drug for the stimulation of appetite in cats has been initiated. A PK study of a drug for fever in horses is expected to start this quarter. Significant progress has been made in the biologics program, including erythropoietin for cats with anemia and immune checkpoint inhibitors for dogs with cancer. All of these product candidates, if approved, would be first-in-class drugs in the pet therapeutic market.
KindredBio also announced that two of its executives, Steve Galliker and Kevin Schultz, w
|SOURCE Kindred Biosciences, Inc.|
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