Kymera rises, partner Sanofi to expand trials for inflammatory disease drug
** Shares of Kymera Therapeutics KYMR.O up 12.6% at $36 after the bell
** The drug developer says partner Sanofi SASY.PA plans to expand ongoing mid-stage studies for experimental drug to treat Hidradenitis Suppurativa, a chronic inflammatory skin condition, and Atopic Dermatitis or eczema that causes inflammation, redness, and irritation of the skin
** The drug candidate KT-474 targets IRAK4 protein, which is responsible for initiation of inflammation, to fight infection
** Sanofi secured global rights to develop KYMR's IRAK4 protein degraders in 2020 for $150 mln upfront and payments worth more than $2 bln
** Up to last close, stock up ~26% YTD
Reporting by Mariam Sunny in Bengaluru
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