KaloBios To Change Company Name To Humanigen, Inc.

Transforming company with focus and commitment on neglected and rare diseases

Continue to expect New Drug Application (NDA) submission for benznidazole in Chagas disease to FDA in first quarter 2018

BRISBANE, Calif., July 27, 2017 (GLOBE NEWSWIRE) -- KaloBios Pharmaceuticals, Inc. (OTCQB:KBIO), a biopharmaceutical company focused on advancing medicines for patients with neglected and rare diseases, today announced it will change the company's name to Humanigen, Inc., effective August 7, 2017.

"We have completely transformed into a new company with a focus on neglected and rare disease. Our new identity reflects the company we have re-built with a new team consistently executing our strategy in diseases with high unmet need and leading the way in how we operate," said Cameron Durrant, MD, chairman and CEO. "Moving forward as Humanigen will give us a new platform to continue our significant progress, to focus on the future, and to deliver value for patients, investors and all our other stakeholders."

As Humanigen, the company expects to accelerate this transformation executing on key priorities and anticipated milestones, including:
  • New Drug Application (NDA) submission for benznidazole in Chagas disease, a neglected tropical disease, to the U.S. Food and Drug Administration (FDA) in first quarter 2018
  • Submission for both rare pediatric designation and orphan drug designation for lenzilumab in Juvenile Myelomonocytic Leukemia (JMML)
  • Development of an interim analysis of the lenzilumab Phase 1 trial in Chronic Myelomonocytic Leukemia (CMML)
  • Up-listing to a national securities exchange and ongoing work to improve the capital structure

In just over a year, the company has transformed how it operates and has rapidly achieved a number of important clinical development milestones, including:

Benznidazole in Chagas disease:
  • Confirmed that benznidazole is eligible for review via the 505(b)(2) regulatory pathway as a potential treatment for Chagas disease per FDA-issued guidance
  • Eligible to receive priority review voucher if benznidazole becomes the first FDA-approved treatment for Chagas disease per agency guidance
  • Opened a benznidazole Investigational New Drug (IND) application with the FDA
  • Received FDA orphan drug designation for benznidazole

Lenzilumab in CMML:
  • Initiated a Phase 1 trial of lenzilumab in CMML, a rare disease with unmet need

The company's stock will also begin trading under the new ticker symbol HGEN on the OTCQB market as of the opening on August 7, 2017 - the effective date. The CUSIP number for Humanigen's common stock will be 444863104.

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