KOD - Kodiak Sciences opens new Swiss facility to scale up manufacturing of lead drug candidate
Kodiak Sciences (NASDAQ:KOD), which develops therapies for retinal diseases, and Swiss manufacturing company Lonza announced the opening of a new bioconjugation facility within Lonza's Visp, Switzerland manufacturing complex. The facility will support the scaled manufacturing of KOD's lead therapeutic candidate KSI-301. Once fully operational and if KSI-301 is approved for commercial use, the facility will have the capacity to supply over 10M dose equivalents of KSI-301 annually. KOD stock +10.5% to $6.63 in Thursday premarket trading. Up to Wednesday's close, the stock had lost nearly 93% YTD.
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Kodiak Sciences opens new Swiss facility to scale up manufacturing of lead drug candidate