KaloBios Pharmaceuticals
KaloBios is developing proprietary monoclonal antibodies
About KaloBios Pharmaceuticals
KaloBios Pharmaceuticals, a biopharmaceutical firm, has a history marked by significant volatility and strategic shifts. Initially focused on developing therapies for cancer, the company faced near-liquidation in 2015 following a series of clinical failures. A dramatic turn occurred when an investor group led by Martin Shkreli acquired a majority stake in November 2015, temporarily saving the company from shutting down. Shkreli was appointed CEO but was terminated shortly after, in December 2015, following his arrest on securities fraud charges unrelated to KaloBios. This event plunged the company into further turmoil, leading to a Chapter 11 bankruptcy filing on December 29, 2015.
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The company emerged from bankruptcy in July 2016 with $14 million in new financing and a restructured focus on rare and neglected diseases. Under the new leadership of Chairman and CEO Dr. Cameron Durrant, KaloBios shifted its pipeline to prioritize two main candidates: benznidazole for Chagas disease and the monoclonal antibody lenzilumab for chronic myelomonocytic leukemia (CMML). Benznidazole, an older drug, was being developed with the aim of securing a valuable government voucher for treating a neglected tropical disease. Lenzilumab (formerly KB003), a proprietary antibody, targets granulocyte-macrophage colony-stimulating factor (GM-CSF), a cytokine implicated in inflammatory responses and the growth of certain cancer cells.
In August 2017, KaloBios rebranded itself as Humanigen, Inc., to distance itself from its troubled past and reflect its new focus on its proprietary "Humaneered" antibody technology. As Humanigen, the company continued the development of lenzilumab, expanding its potential applications to include preventing dangerous side effects of CAR-T cancer therapies and treating the "cytokine storm" associated with severe COVID-19 cases. Despite some promising early data for lenzilumab in COVID-19 patients, the company ultimately faced further financial hardship. Humanigen filed for Chapter 11 bankruptcy reorganization again in January 2024.
At a glance
- Founded
- 2001
- Headquarters
- San Francisco, United States
- Listing
- IPO 2013
- Sector
- Biotech & Life Sciences
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Sofinnova Investments- AVAlloy Ventures
Source: Dealroom Talent Intelligence.
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