Nkarta reports $426.7M cash balance, FDA clearance for NKX019, and plans to initiate Ntrust-2 trial in 2024.

Nkarta, a clinical-stage biopharmaceutical company developing engineered NK cell therapies, reported a $426.7M cash balance on June 30, 2024, with operations funded into late 2027. The company has received FDA clearance for a second IND application for NKX019, an allogeneic therapy candidate for autoimmune diseases, and plans to initiate Ntrust-2, a clinical trial for systemic sclerosis, myositis, and vasculitis, in 2024. Nkarta is also conducting investigator-sponsored trials for systemic lupus erythematosus and has presented follow-up data for NKX019 in relapsed/refractory non-Hodgkin lymphoma.

August 14, 2024
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