Bernstein Liebhard LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of AlloVir, Inc. Securities
Proposed Class Action Settlement: A proposed class action settlement of $1,000,000 has been approved by the U.S. District Court for Massachusetts for purchasers of AlloVir, Inc. securities between January 11, 2023, and December 21, 2023, with a hearing scheduled for July 30, 2025, to determine its fairness.
Claim Submission Details: Settlement Class members must submit a Claim Form by August 19, 2025, to be eligible for distribution from the Net Settlement Fund, and they can exclude themselves from the settlement by submitting a written request by July 9, 2025.
Trade with 70% Backtested Accuracy
Analyst Views on KLRS
About KLRS
About the author
Kalaris Gains Momentum with Promising Initial Results from Neovascular AMD Trial and $50 Million Financing Support
Positive Phase 1a Data: Kalaris Therapeutics reported promising initial Phase 1a results for its therapy TH103 in treating neovascular age-related macular degeneration (nAMD), showing significant improvements in visual acuity and anatomical changes after one month.
Enhanced Treatment Durability: The therapy demonstrated a potential for extended durability, with 31% of patients not requiring additional anti-VEGF treatment during a six-month follow-up, and pharmacokinetic analysis indicating better intraocular retention compared to existing treatments.
Financial Support: Kalaris secured $50 million in oversubscribed financing, which will extend its cash runway into the third quarter of 2027 and support the ongoing development of TH103 and other corporate needs.
Stock Performance: Following the positive news, Kalaris shares surged 20%, closing at $10.42, with a trading range between $2.14 and $12.90 over the past year.
Kalaris Therapeutics Secures $50 Million in Private Placement Financing
- Financing Size: Kalaris Therapeutics has entered into a securities purchase agreement to raise approximately $50 million through a private placement, which will be utilized to advance the clinical development of TH103 and for general corporate purposes, thereby enhancing its market position in retinal disease treatments.
- Investor Participation: The financing attracted both new and existing investors, including ADAR1 Capital and Coastlands Capital, reflecting strong market confidence in Kalaris' future prospects and potentially boosting its reputation in the biopharmaceutical industry.
- Share Issuance Details: Kalaris is selling 4.2 million shares of common stock at $10.00 per share, along with pre-funded warrants at $9.9999, which enhances the flexibility and attractiveness of the funding structure.
- Use of Funds Plan: Kalaris expects that the net proceeds from this placement, combined with existing cash, will fund operations into the third quarter of 2027, ensuring continued investment in clinical development and market outreach, driving long-term growth in a competitive biopharmaceutical landscape.
Kalaris Therapeutics Secures $50 Million in Private Placement Financing
- Financing Scale: Kalaris Therapeutics has entered into a securities purchase agreement with institutional investors to raise approximately $50 million through a private placement, reflecting market confidence in its retinal disease treatments.
- Share Sale Details: The financing includes the sale of 4.2 million shares of common stock at $10.00 per share and 800,000 pre-funded warrants at $9.9999 each, enhancing the company's capital structure.
- Use of Funds: Kalaris intends to use the net proceeds from this placement to advance the clinical development of TH103 and for working capital and other general corporate purposes, with expectations to fund operations into the third quarter of 2027.
- Market Reaction: The share price for this private placement was set at a premium to the closing price over the past five trading days, indicating investor optimism about Kalaris's future growth, which may positively impact its stock price.
Kalaris TH103 Shows Significant Visual Improvement in Initial Clinical Trial Data
- Significant Visual Improvement: Kalaris' TH103 demonstrated an average 10-letter gain in best corrected visual acuity (BCVA) within one month, indicating its effectiveness in treating treatment-naïve patients with neovascular age-related macular degeneration (nAMD), potentially transforming patient outcomes.
- Anatomical Structure Enhancement: Over a six-month follow-up, TH103 achieved an average improvement of 129 micrometers in central subfield thickness (CST) and approximately 95% reduction in central subfield intraretinal fluid (IRF), highlighting its advantages in intraocular retention and anti-VEGF activity.
- Good Tolerability: The trial reported no dose-limiting toxicities (DLTs) or serious adverse events (SAEs), supporting further dose escalation and indicating TH103's safety and potential for long-term use.
- Accelerated Clinical Development: Kalaris plans to expedite patient enrollment in its ongoing Phase 1b/2 multi-ascending dose study, with preliminary data expected in the second half of 2026, reflecting the company's strong confidence in TH103's clinical prospects.
Monday's Underperforming Sectors: Biotechnology, Electronic Equipment, and Products
Market Performance: Electronic equipment and products shares are down approximately 2.3% on Monday, with notable declines from ESS Tech and Hyperscale Data, which fell by 10.9% and 8.4%, respectively.
Sector Laggards: The biotechnology sector is also highlighted as a laggard alongside electronic equipment and products in the market on Monday.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Video Content: A video segment is mentioned that discusses the sector laggards, specifically focusing on biotechnology and electronic equipment and products.
Kalaris Enhances Leadership by Appointing Matthew Gall, MBA, as CFO
CFO Appointment: Kalaris Therapeutics has appointed Matthew Gall as Chief Financial Officer to enhance its leadership team and support the company's growth, particularly as it begins a Phase 1b/2 study for treatment-naïve nAMD patients.
Leadership Experience: Matthew Gall brings extensive experience from previous roles at iTeos Therapeutics, Sarepta Therapeutics, Celgene Corporation, and Gilead Sciences, where he focused on financial operations and business development.
Company Mission: Kalaris Therapeutics is dedicated to developing treatments for retinal diseases, aiming to address significant unmet medical needs, particularly in conditions like neovascular age-related macular degeneration (nAMD).
Forward-Looking Statements: The press release includes forward-looking statements regarding Kalaris' future operations and clinical development, highlighting potential risks and uncertainties that could affect the company's plans and outcomes.
Kalaris Gains Momentum with Promising Initial Results from Neovascular AMD Trial and $50 Million Financing Support
Positive Phase 1a Data: Kalaris Therapeutics reported promising initial Phase 1a results for its therapy TH103 in treating neovascular age-related macular degeneration (nAMD), showing significant improvements in visual acuity and anatomical changes after one month.
Enhanced Treatment Durability: The therapy demonstrated a potential for extended durability, with 31% of patients not requiring additional anti-VEGF treatment during a six-month follow-up, and pharmacokinetic analysis indicating better intraocular retention compared to existing treatments.
Financial Support: Kalaris secured $50 million in oversubscribed financing, which will extend its cash runway into the third quarter of 2027 and support the ongoing development of TH103 and other corporate needs.
Stock Performance: Following the positive news, Kalaris shares surged 20%, closing at $10.42, with a trading range between $2.14 and $12.90 over the past year.
Kalaris Therapeutics Secures $50 Million in Private Placement Financing
- Financing Size: Kalaris Therapeutics has entered into a securities purchase agreement to raise approximately $50 million through a private placement, which will be utilized to advance the clinical development of TH103 and for general corporate purposes, thereby enhancing its market position in retinal disease treatments.
- Investor Participation: The financing attracted both new and existing investors, including ADAR1 Capital and Coastlands Capital, reflecting strong market confidence in Kalaris' future prospects and potentially boosting its reputation in the biopharmaceutical industry.
- Share Issuance Details: Kalaris is selling 4.2 million shares of common stock at $10.00 per share, along with pre-funded warrants at $9.9999, which enhances the flexibility and attractiveness of the funding structure.
- Use of Funds Plan: Kalaris expects that the net proceeds from this placement, combined with existing cash, will fund operations into the third quarter of 2027, ensuring continued investment in clinical development and market outreach, driving long-term growth in a competitive biopharmaceutical landscape.
Kalaris Therapeutics Secures $50 Million in Private Placement Financing
- Financing Scale: Kalaris Therapeutics has entered into a securities purchase agreement with institutional investors to raise approximately $50 million through a private placement, reflecting market confidence in its retinal disease treatments.
- Share Sale Details: The financing includes the sale of 4.2 million shares of common stock at $10.00 per share and 800,000 pre-funded warrants at $9.9999 each, enhancing the company's capital structure.
- Use of Funds: Kalaris intends to use the net proceeds from this placement to advance the clinical development of TH103 and for working capital and other general corporate purposes, with expectations to fund operations into the third quarter of 2027.
- Market Reaction: The share price for this private placement was set at a premium to the closing price over the past five trading days, indicating investor optimism about Kalaris's future growth, which may positively impact its stock price.
Kalaris TH103 Shows Significant Visual Improvement in Initial Clinical Trial Data
- Significant Visual Improvement: Kalaris' TH103 demonstrated an average 10-letter gain in best corrected visual acuity (BCVA) within one month, indicating its effectiveness in treating treatment-naïve patients with neovascular age-related macular degeneration (nAMD), potentially transforming patient outcomes.
- Anatomical Structure Enhancement: Over a six-month follow-up, TH103 achieved an average improvement of 129 micrometers in central subfield thickness (CST) and approximately 95% reduction in central subfield intraretinal fluid (IRF), highlighting its advantages in intraocular retention and anti-VEGF activity.
- Good Tolerability: The trial reported no dose-limiting toxicities (DLTs) or serious adverse events (SAEs), supporting further dose escalation and indicating TH103's safety and potential for long-term use.
- Accelerated Clinical Development: Kalaris plans to expedite patient enrollment in its ongoing Phase 1b/2 multi-ascending dose study, with preliminary data expected in the second half of 2026, reflecting the company's strong confidence in TH103's clinical prospects.
Monday's Underperforming Sectors: Biotechnology, Electronic Equipment, and Products
Market Performance: Electronic equipment and products shares are down approximately 2.3% on Monday, with notable declines from ESS Tech and Hyperscale Data, which fell by 10.9% and 8.4%, respectively.
Sector Laggards: The biotechnology sector is also highlighted as a laggard alongside electronic equipment and products in the market on Monday.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Video Content: A video segment is mentioned that discusses the sector laggards, specifically focusing on biotechnology and electronic equipment and products.
Kalaris Enhances Leadership by Appointing Matthew Gall, MBA, as CFO
CFO Appointment: Kalaris Therapeutics has appointed Matthew Gall as Chief Financial Officer to enhance its leadership team and support the company's growth, particularly as it begins a Phase 1b/2 study for treatment-naïve nAMD patients.
Leadership Experience: Matthew Gall brings extensive experience from previous roles at iTeos Therapeutics, Sarepta Therapeutics, Celgene Corporation, and Gilead Sciences, where he focused on financial operations and business development.
Company Mission: Kalaris Therapeutics is dedicated to developing treatments for retinal diseases, aiming to address significant unmet medical needs, particularly in conditions like neovascular age-related macular degeneration (nAMD).
Forward-Looking Statements: The press release includes forward-looking statements regarding Kalaris' future operations and clinical development, highlighting potential risks and uncertainties that could affect the company's plans and outcomes.
