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Keros Therapeutics Reports Recent First Quarter 2025 Financial Results
KROSKeros Therapeutics(KROS) GlobeNewswire News Room·2025-05-07 04:01

Keros reported a net income of 148.5millioninthefirstquarterof2025ascomparedtoanetlossof148.5 million in the first quarter of 2025 as compared to a net loss of 43.1 million in the first quarter of 2024. The increase of 191.6millionwaslargelyduetorevenuerecognizedrelatedtoKeroslicenseagreementwithTakedaPharmaceuticalsU.S.A.,Inc.,partiallyoffsetbyincreasedresearchanddevelopmenteffortsaswellasadditionalinvestmentstosupporttheachievementofKerosclinicalandcorporategoals.Researchanddevelopmentexpenseswere191.6 million was largely due to revenue recognized related to Keros' license agreement with Takeda Pharmaceuticals U.S.A., Inc., partially offset by increased research and development efforts as well as additional investments to support the achievement of Keros' clinical and corporate goals. Research and development expenses were 48.7 million ...