KalVista announces Q3 EPS of 92 cents, compared to 84 cents in the previous year.
Launch Progress: The US launch of EKTERLY is gaining momentum due to strong early demand and rapid adoption among physicians and patients with hereditary angioedema (HAE).
Global Expansion: EKTERLY has recently been launched in Germany and received approval in Australia, marking five total regulatory approvals as the company aims for a global presence.
Financial Resources: KalVista has successfully closed a $144 million convertible note offering, providing the financial means to support its global launch strategy and long-term growth.
Market Confidence: There is a consistent increase in new patient starts and repeat prescriptions, indicating sustained confidence in EKTERLY's clinical value as the first oral on-demand treatment for HAE.
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Needham Raises Kalvista Price Target to $35
- Price Target Increase: Needham raised the price target for Kalvista Pharmaceuticals Inc from $32 to $35, with analyst Serge Belanger maintaining a Buy rating, reflecting confidence in the company's future growth prospects.
- Market Performance: Kalvista shares closed at $15.82 on Thursday, indicating that despite the target price increase, the current stock price remains significantly below the new target, suggesting a potential undervaluation by the market.
- Competitive Analysis: In the biopharmaceutical sector, Kalvista's advancements in innovative drug development may attract increased investor interest, especially in light of the target price increase, which could stimulate stock price appreciation.
- Investor Confidence: The positive rating and target price increase from analysts may bolster investor confidence in Kalvista, potentially facilitating its future financing and market expansion plans.

KalVista Launches EKTERLY, Achieves $35M in First-Year Revenue
- Positive Market Response: KalVista Pharmaceuticals reported approximately $35 million in net product revenue for its hereditary angioedema treatment EKTERLY in Q4 2025, indicating strong market demand through growing prescriber adoption and repeat prescriptions.
- Breakthrough Treatment: EKTERLY is the first and only oral on-demand treatment approved by the FDA in July 2025 for acute attacks in patients aged 12 and older, representing a significant advancement in the treatment landscape.
- Global Expansion Plans: KalVista granted Multicare Pharmaceuticals exclusive rights to commercialize sebetralstat in Latin America, covering Brazil, Argentina, Colombia, and Mexico, thereby enhancing its global market reach.
- Rapid Clinical Progress: The company completed enrollment in the Phase 3 KONFIDENT-KID trial evaluating sebetralstat in children aged 2 to 11 a full year ahead of schedule, with plans to submit a new drug application in Q3 2026 and a potential U.S. launch in 2027.






