Home Top Movers What could be the reason behind Kindred Biosciences Inc (KIN) stock gains...

What could be the reason behind Kindred Biosciences Inc (KIN) stock gains on Tuesday?

Kindred Biosciences Inc (KIN) stock had a good Tuesday. It gained 1.29% in the normal trading and further, it jumped 5.94% in the after-hours session on Tuesday, April 20, 2021. KIN shares have risen by 16.30% over the last 12 months, and they have lost 4.46% in the past week. Over the past three months, the stock has gained 3.74%.

Let’s have a look at the latest news about the KIN stock.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Interleukin-31 Antibody PK Study results

On April 20, 2021, Kindred Biosciences Inc. reported positive results in a new long-acting interleukin (IL)-31 antibody program (KIND-039) which has KIN half-life extension technology. Results showed that the fully canonized, the high-affinity antibody has up to a three-fold longer half-life compared to tirnovetmab. This extended half-life is expected to allow for up to three-fold longer interval between dosing.

Read More

Recent financial results

On March 16, 2021, Kindred Biosciences announced financial results for the fourth quarter and the full-year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights

  • KindredBio reported a net loss of $10.9 million, or $0.28per share for the quarter ended December 31, 2020, compared to a net loss of $15.7 million, or $0.40 per share, for the Q4 in 2019.
  • It earned $1.0 million of net product revenues for the fourth quarter of 2020, compared to $1.4 million in the prior-year period.
  • For Q4 2020, Research and development expenses were $7.6 million compared to $7.1 million for the same period in 2019.
  • For Q4 2020, Selling, general, and administrative expenses were $3.3 million compared to $9.6 million for Q4 in 2019. 

The full Year 2020 Financial Highlights

  • Kindred Biosciences suffered a net loss of 8 million, or $0.55per share in 2020 compared to a net loss of $61.4 million, or $1.59 per share, in 2019.
  • Full-year 2020 net product revenues were $42.2 million, compared with $4.3 million for FY 2019.
  • For the full year 2020, research and development expenses were $31.3 million, compared to $28.3 million in 2019.
  • Selling, general and administrative expenses were $22.0 million in FY 2020, compared to $37.9 million for 2019.
  • KindredBio had $59.9 million in cash, cash equivalents, and investmentsonDecember 31, 2020, compared to $73.5 million on December 31, 2019.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Efficacy data submission of KIND-030 As Prophylactic Option 

On February 25, 2021, Kindred Biosciences Inc submitted efficacy data of prophylactic indication for KIND-030. The data was submitted to the United States Department of Agriculture Center for Veterinary Biologics for review.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

Related News

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

F5 Networks Inc. (FFIV) stock soars during pre-market trading. Here’s to know why?

F5 Networks Inc. (FFIV) stock gained by 0.23% at the last close while the FFIV stock surged by 6.05% in the pre-market trading session....

Here is why Cerecor Inc. (CERC) stock turnaround in the after-hours on Monday?

Cerecor Inc. (CERC) shares gained 12.23% in after-hours on Monday, July 26, 2021, and closed the trading at $3.12. in the regular trading session,...

Here is why Bit Digital Inc. (BTBT) stock skyrocketed on Monday?

Bit Digital Inc. (BTBT) shares declined 10.94% in after-hours on Monday, July 26, 2021, and closed the day at $7.90. Earlier in the regular...

Why did Protagenic Therapeutics Inc. (PTIX) stock commence the new week with a negative trend?

Protagenic Therapeutics Inc. (PTIX) shares declined 13.82% in the pre-market on Monday, July 26, 2021, as of this writing. In after-hours on Friday, Protagenic...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam