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Stock impact report

Kymera Therapeutics Receives FDA Orphan Drug Designation For KT-333, A First-in-Class, Investigational STAT3 Degrader For The Treatment Of Peripheral T-Cell Lymphoma [TheStreet.com]

Kymera Therapeutics, Inc. (KYMR) 
Company Research Source: TheStreet.com
WATERTOWN, Mass., June 01, 2022 (GLOBE NEWSWIRE) -- Kymera Therapeutics, Inc. (NASDAQ: KYMR), a clinical-stage biopharmaceutical company advancing targeted protein degradation to deliver novel small molecule protein degrader medicines, today announced that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation to KT-333 for the treatment of Peripheral T-cell Lymphoma (PTCL). KT-333 is a first-in-class degrader of the transcriptional regulator STAT3. STAT3 activation has been shown to be a key modulator of disease in PTCL, and there are currently no approved therapies for PTCL that target this pathway. "The Orphan Drug Designation highlights the potential of this first-in-class heterobifunctional degrader to transform the treatment of PTCL by targeting STAT3, a protein that has historically been undruggable," said Nello Mainolfi, PhD, Co-Founder, President and CEO, Kymera Therapeutics. "We look forward to working with the lymphoma community to rapidly advance Show less Read more
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