KALA BIO Settles $10.6 Million Loan with Oxford Finance, Enhancing Financial Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Source: NASDAQ.COM
- Debt Burden Lifted: KALA BIO has completed a loan settlement with Oxford Finance, resolving approximately $10.6 million in debt obligations, which significantly improves the company's balance sheet and enhances stockholders' equity, thereby increasing strategic flexibility.
- Key Payment Fulfilled: The company finalized a $2 million payment under the Loan Settlement Agreement tied to a 2021 Loan and Security Agreement, fully discharging all outstanding liabilities and clearing the way for future growth initiatives.
- Enhanced Strategic Flexibility: CEO David E. Lazar emphasized that resolving the Oxford obligations removes a substantial constraint, allowing the company to advance its strategic plans more effectively and strengthen its competitive position in the market.
- Employee Incentive Program: KALA BIO also granted 400,000 shares of common stock as inducement awards to four newly hired employees, further bolstering its team and supporting the company's operational and strategic objectives moving forward.
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About KALA
KALA BIO, Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in the research, development, and commercialization of therapies for rare and severe diseases of the eye. The Company’s biologics-based investigational therapies utilize its proprietary mesenchymal stem cell secretome (MSC-S) platform. The Company’s product candidate, KPI-012, is a human MSC-S, which contains numerous human-derived biocfactors, such as growth factors, protease inhibitors, matrix proteins and neurotrophic factors that can potentially correct the impaired corneal healing, which is an underlying etiology of multiple severe ocular diseases; KPI-014 specific for inherited retinal degenerative diseases. KPI-012 is in clinical development for the treatment of persistent corneal epithelial defect (PCED), a rare disease of impaired corneal healing. The Company is also engaged in the development of KPI-012 for the treatment of Limbal Stem Cell Deficiency and other rare corneal diseases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KALA BIO Settles $10.6 Million Loan with Oxford Finance, Enhancing Financial Flexibility
- Debt Burden Lifted: KALA BIO has completed a loan settlement with Oxford Finance, resolving approximately $10.6 million in debt obligations, which significantly improves the company's balance sheet and enhances stockholders' equity, thereby increasing strategic flexibility.
- Key Payment Fulfilled: The company finalized a $2 million payment under the Loan Settlement Agreement tied to a 2021 Loan and Security Agreement, fully discharging all outstanding liabilities and clearing the way for future growth initiatives.
- Enhanced Strategic Flexibility: CEO David E. Lazar emphasized that resolving the Oxford obligations removes a substantial constraint, allowing the company to advance its strategic plans more effectively and strengthen its competitive position in the market.
- Employee Incentive Program: KALA BIO also granted 400,000 shares of common stock as inducement awards to four newly hired employees, further bolstering its team and supporting the company's operational and strategic objectives moving forward.
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Cyclerion Therapeutics Expands Collaboration with Medsteer, Shares Surge 44.2%
- Significant Stock Surge: Cyclerion Therapeutics shares rose 44.2% to $1.99 in pre-market trading, reflecting strong market confidence in the company's expanded strategic collaboration with Medsteer, indicating positive investor sentiment towards future growth prospects.
- Deepening Strategic Collaboration: The partnership with Medsteer aims to advance the closed-loop anesthetic platform CYC-126, which is expected to accelerate the product's market entry, thereby enhancing the company's competitive edge in the anesthesia sector.
- Optimistic Market Outlook: With continuous advancements in anesthetic technology, Cyclerion's new platform is poised to meet the increasing medical demand, further driving revenue growth and strengthening its position in the healthcare industry.
- Increased Investor Confidence: The substantial stock price increase not only reflects market approval of the company's strategic direction but may also attract more investor interest, thereby supporting future financing and expansion efforts.
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