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Thursday, 07/01/2021 3:52:40 PM

Thursday, July 01, 2021 3:52:40 PM

Post# of 82
Baker Bros increasing their position

http://archive.fast-edgar.com/20210630/ACZID22CZ2228JZ2222H2ZZZ6Q22Z4ZI8232/

KOD had added another trial to cover once a month dosing .
They stated that the feedback they had from eye specialists is that the MD's wanted 1 drug for all applications ...1 mth out to 6 mth

So they had to add an extra trial for the 1 mth data .

This meant that the NDA would be delayed by at least 6 mths and the stock sold off significantly since that was announced.
The Baker Bros own around 28% of this Co. They would definitely had to be on board with this decision since they would take a significant short term hit.

Nice to see them adding to their position now.

The key DAZZLE trial is fully enrolled and on track for readout in Q1 2022
4 other trials to read out or be update in remainder of 2022.
Co has around $900m cash on hand so no risk of dilution near term

Kiwi
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