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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 29, 2024
KIORA PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-3667298-0443284
(Commission File Number)(IRS Employer Identification No.)

332 Encinitas Blvd.
Suite 102
Encinitas, CA 92024
(858) 224-9600
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:Trading Symbol(s)Name of each exchange on which registered:
Common Stock, $0.01 par valueKPRXNASDAQ
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 7.01.    Regulation FD Disclosure.
On October 29, 2024, Kiora Pharmaceuticals, Inc. (the “Company”) issued a press release announcing the regulatory approval to initiate ABACUS-2, a Phase 2 clinical trial of KIO-301 for the treatment of retinitis pigmentosa. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

In addition, the Company hereby furnishes the updated investor presentation attached as Exhibit 99.2 to this Current Report on Form 8-K, which the Company may use in presentations to investors from time to time.

The information furnished pursuant to Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

The information furnished in this report, including Exhibits 99.1 and 99.2, shall not be deemed to constitute an admission that such information or exhibit is required to be furnished pursuant to Regulation FD or that such information or exhibit contains material information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information or exhibit in the future.

Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 
Number		Title
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
*Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant hereby undertakes to furnish copies of any of the omitted schedules and exhibits upon request by the U.S. Securities and Exchange Commission.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
KIORA PHARMACEUTICALS, INC.
By:/s/ Melissa Tosca
Melissa Tosca
Chief Financial Officer
(Principal financial and accounting officer)
Date: October 29, 2024


Kiora Pharmaceuticals Receives Investigational New Drug Approval to Initiate ABACUS-2, a Phase 2 Clinical Trial of KIO-301 for the Treatment of Retinitis Pigmentosa


Encinitas, California – October 29, 2024 - Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) (“Kiora” or the “Company”) today announced it received regulatory approval to initiate a Phase 2 clinical trial to investigate KIO-301 for vision restoration in patients with retinitis pigmentosa. The ABACUS-2 trial will be a 36 patient, multi-center, double-masked, randomized, controlled, multiple dose study enrolling patients with ultra-low vision or no light perception regardless of their underlying gene mutation associated with retinitis pigmentosa. Dosing of the first patient with KIO-301 is expected to begin next year following validation of novel functional vision endpoints. These functional assessments may serve as approvable primary endpoints in subsequent registration studies in the United States, Europe and other major regions.

"There are unfortunately no approved therapies for patients with retinitis pigmentosa,” said Eric Daniels, M.D., Chief Development Officer at Kiora. “This study represents a significant step toward addressing this challenge. Prior to submission for approval, we engaged with European and US regulators to incorporate their expectations and guidance for approvable endpoints. Consistent with historical approval in other inherited retinal disease, both regulatory bodies emphasized the need to measure a therapy’s effect on everyday functional vision. For this reason, we are investing time upfront to validate the functional endpoints for ABACUS-2, increasing our likelihood of success in a potential single Phase 3 trial for market approval in the US and Europe. This validation work is being performed, in collaboration with our partner Théa Open Innovation, with the support of the Choroideremia Research Foundation as part of a grant to design a standard endpoint for investigational therapies of inherited retinal diseases.”

Kiora has identified and is now contracting with trial sites and clinical investigators at major inherited retinal disease reference centers across Australia. Patients will be randomized 2:1 to receive KIO-301 intravitreally or control. Treatment will be delivered to both eyes. Participants will be randomized to receive either a high dose (100 micrograms) or low dose (50 micrograms) of KIO-301 and after trial participants receive three consecutive doses (6 weeks apart), they will be followed for three months. Following this phase of the study, patients in the control arm may elect to cross-over into the active arm. Primary endpoints will consist of safety and tolerability, and key efficacy assessments include: functional vision; visual acuity as measured by the Berkeley Rudimentary Vision Test; visual fields as measured by perimetry, and a validated ultra-low vision quality-of-life questionnaire. The trial will be conducted across five centers within Australia.

“In a short window since entering our partnership with Kiora, tremendous progress has been made on advancing KIO-301 toward ABACUS-2,” said Dr. Céline Olmiere, Head of Théa Open Innovation. “What makes KIO-301 compelling is that it appears, based on the Phase 1b data, to have potential for meaningful vision restoration. Further, because of its unique mechanism of action, it has the potential to work across all 150-plus underlying gene mutations associated with retinitis pigmentosa and other inherited retinal diseases.”

KIO-301 is a small molecule that acts as a light-sensitive photoswitch that has the potential to return vision to patients living with reduced sight due to inherited retinal diseases. The novel compound is activated in the presence of light and deactivated in the absence of light. Because hundreds of gene mutations underlie inherited retinal diseases like retinitis pigmentosa, there is an important need for therapies like KIO-301 that have the potential to act in a gene mutation agnostic manner.

KIO-301 targets and enters specialized cells of the retina (retinal ganglion cells or RGCs) that are located ‘downstream’ of degenerated rods and cones, the cells normally responsible for converting light to vision. KIO-301, when inside RGCs, is activated by visible light and confers light-sensing capabilities by altering the flow of ions in and out of the cell, thus giving RGCs the ability to facilitate visual processing. This is a reversible process allowing turning on and off the RGCs in the presence and absence of light.
About Kiora Pharmaceuticals



Kiora Pharmaceuticals is a clinical-stage biotechnology company developing and commercializing products for the treatment of retinal diseases. KIO-301 is being developed for the treatment of retinitis pigmentosa, choroideremia, and Stargardt disease. It is a molecular photoswitch that has the potential to restore vision in patients with inherited and/or age-related retinal degeneration. KIO-104 is being developed for the treatment of retinal inflammation. It is a next-generation, non-steroidal, immuno-modulatory, and small-molecule inhibitor of dihydroorotate dehydrogenase.

In addition to news releases and SEC filings, we expect to post information on our website (www.kiorapharma.com) and social media accounts that could be relevant to investors. We encourage investors to follow us on Twitter and LinkedIn as well as to visit our website and/or subscribe to email alerts.

About Théa Open Innovation

Théa Open Innovation (TOI) is a sister company of Théa, the leading independent European pharmaceutical company specialized in the research, development, and commercialization of eye care products. TOI's mission is to establish partnerships with startups, biotech companies, and universities to help bring the most cutting-edge eye care products to the market.
For more information, visit www.theaopeninnovation.com

Forward-Looking Statements

Some of the statements in this press release are "forward-looking" and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements include statements relating to, among other things, Kiora's ability to execute on development and commercialization efforts and other regulatory or marketing approval efforts pertaining to Kiora's development-stage products, including KIO-104 and KIO-301, as well as the success thereof, with such approvals or success may not be obtained or achieved on a timely basis or at all, the sufficiency of existing cash on hand to fund operations for specific periods, the projected cash runway, and Kiora's plans to further fund development of KIO-104. These statements involve risks and uncertainties that may cause results to differ materially from the statements set forth in this press release, including, among other things, the ability to satisfy the closing conditions related to the offering ,the ability to conduct clinical trials on a timely basis, market and other conditions and certain risk factors described under the heading "Risk Factors" contained in Kiora's Annual Report on Form 10-K filed with the SEC on March 25, 2024 or described in Kiora's other public filings including on Form 10-Q filed with the SEC on August 9, 2024. Kiora's results may also be affected by factors of which Kiora is not currently aware. The forward-looking statements in this press release speak only as of the date of this press release. Kiora expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions, or circumstances on which any such statement is based, except as required by law.


Contacts:
Investors investors@kiorapharma.com


Kiora Pharmaceuticals, Inc. NASDAQ: KPRX Q4 2024 | Corporate Overview

 
2 Forward Looking Statements Some of the statements in this presentation are "forward-looking" and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements include statements relating to, among other things, the development and commercialization efforts and other regulatory or marketing approval efforts pertaining to Kiora's development-stage products, including KIO-301 and KIO-104, as well as the success thereof, with such approvals or success may not be obtained or achieved on a timely basis or at all, the potential ability of KIO-301 to restore vision in patients with RP, the expecting timing of enrollment, dosing and topline results for the ABACUS study, the ability to develop KIO-301 for Choroideremia and Stargardt Disease and KIO-104 for posterior non-infectious uveitis, the ability to utilize strategic relationships to develop certain product candidates, Kiora’s ability to maintain the listing of our common stock on a national securities exchange, and Kiora's ability to achieve the specific milestones described herein. These statements involve risks and uncertainties that may cause results to differ materially from the statements set forth in this presentation, including, among other things, the ability to conduct clinical trials on a timely basis, the ability to obtain any required regulatory approvals, market and other conditions and certain risk factors described under the heading "Risk Factors" contained in Kiora's Annual Report on Form 10-K filed with the SEC on March 25, 2024, or described in Kiora's other public filings. Kiora's results may also be affected by factors of which Kiora is not currently aware. The forward-looking statements in this presentation speak only as of the date of this presentation. Kiora expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions, or circumstances on which any such statement is based, except as required by law.

 
3 Developing Treatments for Retinal Diseases Improve Sight in Patients with Severe Vision Loss and High Unmet Needs Patient Perspective Individual’s burden of disease Physicians Perspective Efficient, cost-effective treatments Societal Perspective 70% of blind patients are unemployed

 
4 Why Retinal Diseases? “…the last light sensations faded and the dark discs had finally overwhelmed me. I had fought them bravely, as it seemed to me, for thirty-six years, but to no avail. It was then I began to sink into the deep ocean, and finally learn how to touch the rock on the far side of despair.” - John M. Hull, Touching the Rock JAMA Ophthalmol. 2016;134(10) 0 20 40 60 Re sp on de nt s (% ) Conditions with Greatest Effect on Day-to-Day Life 0 5 10 15 20 25 Re sp on de nt s (% ) Rankings of Worst Conditions

 
5 Investment Highlights Innovative Modalities KIO-301 Molecular photoswitch KIO-104 Anti-inflammatory DHODH inhibitor Significant Market Need KIO-301 100K patients in US with RP and other IRDs KIO-104  >50M patients in US with pseudophakia  17M patients in US with retinal vein occlusion  800k patients in US with diabetic macular edema  400k patients in US with non-infectious uveitis Commercial Rights & Partners KIO-301  Théa reimburses and/or funds development through Phase 3  $285 MM in development, regulatory, and commercial milestones  Tiered royalties can exceed 20%  Pursuing partnership for Asia rights KIO-104 Kiora controls worldwide rights Balance Sheet (30June2024)  KIO-301 R&D reimbursed quarterly  $27.8+ MM in cash*; Funds operations into 2027 * - Cash, cash equivalents and short-term investments

 
6 Targeting the Retina to Slow, Stop, or Restore Vision Loss Development Pipeline of Proprietary Small Molecule Therapeutics Product Indication Preclinical Phase 1 Phase 2 Phase 3 Commercial Rights KIO-301 Intravitreal Retinitis Pigmentosa (Mutation Agnostic)* Théa Open Innovation (global less Asia) Choroideremia Stargardt Disease KIO-104 Intravitreal Retinal Inflammation Kiora Pharmaceuticals Proliferative Vitreoretinopathy * - Orphan Disease Designation granted in the USA and EU

 
7 KIO-104 Intravitreal Small Molecule DHODH Inhibitor Steroid-Sparing Approach to Retinal Inflammation

 
8 Retinal Inflammation Underlies Macular Edema Fluid leakage into the retina can cause separation of cell layers leading to blurring and distortion of vision and potentially permanent vision loss https://www.waterlooeye.ca Common Causes of Macular Edema:  Posterior Non-Infectious Uveitis  Diabetic Macular Edema  Retinal Vein Occlusion  Post Cataract Surgery

 
9  T-cells are known to play a fundamental role in inducing ocular inflammation  Dihydroorotate Dehydrogenase (DHODH) inhibitors are well established, disease-modifying agents in autoimmune conditions KIO-104 Mechanism of Action DHODH inhibition reduces the cellular pyrimidine pool resulting in:  Reduction of T-cell proliferation  Downregulation of cellular messengers (IL-17, IFN-ɤ, VEGF, etc.) Dihydroorotate Orotate / Pyrimidines KIO-104 Inhibits DHODH Dihydroorotate Dehydrogenase (DHODH) Dihydroorotate Orotate / Pyrimidines  DHODH necessary for production of pyrimidines  Pyrimidines necessary for T-cell production and normal cell function Dihydroorotate Dehydrogenase (DHODH) Normal Process By inhibiting DHODH, one reduces ocular inflammation KIO-104 Clinical Aim KIO-104 Inflammation Reduces Inflammation

 
10 Need for steroid-sparing anti-inflammatory delivered locally to the eye Posterior Non-Infectious Uveitis: a T-Cell Driven Disease Retinal Inflammation in the Back of the Eye Can Lead to Vision Loss Major Causes Autoimmune disorders (i.e., lupus, multiple sclerosis, psoriasis, rheumatoid arthritis, ulcerative colitis) where signs & symptoms occur in eye Limitations of Current Treatments Extended steroid use can lead to glaucoma, cataracts among other complications Systemic autoimmune disease drugs can compromise immunity with minimal impact in the eye Incidence Estimated 400,000 in U.S,. alone (121 per 100,000*) Complications Recurring flareups can cause vision loss and irreversible damage * JAMA Ophthalmol. 2016;134(11):1237-1245

 
11 KIO-104 in Uveitis − Preclinical KIO-104 reduced the number of relapses Placebo Days Post Immunization Cl in ic al U ve iti s Sc or e KIO-104 J Neuroinflammation. 2018 Feb 21;15(1):54

 
12 Phase 1/2a Study Design  Safety and tolerability  Improvement of inflammation  Blood PK of KIO-100  Single intravitreal injection of 300ng, 600ng, and 1200ng (any systemic therapy at enrollment was continued)  Patients with chronic, posterior non-infectious uveitis  Prospective, open label, multi-center, dose escalating, 4 patients in each Cohort, 12 patients in total Duration [Study Days] -14 -7 0 2 7 14 21 28 Tasks Screening / Baseline KIO-104 Injection Exam Exam Exam Exam Exam Study Design Objectives PaniJect Administration

 
13 KIO-104 Phase 1/2a Results Safety & Tolerability ✓ No SAE ✓ Excellent tolerability at all doses Pharmacokinetics ✓ KIO-100 was not detected in the peripheral blood at any time

 
14 Phase 1/2a Results: KIO-104 Improved Visual Acuity and Reduced Cystoid Macular Edema * Historical Controls (Yeh et al, Retina 00, 1-9, 2018; Suhler et al. Visual III, Ophthalmology 125, 7, 2018.) IVT - Intravitreal 0 2 4 6 8 10 12 14 16 0.3 μg 0.6 μg 1.2 μg Steroids* Humira*M ea n C ha ng e in L et te rs fr om B as el in e at D 28 N=4 N=4 N=4 Visual Acuity Day 28 (421µm) Baseline (558µm) Cystoid Macular Edema‡ ‡ 40% of eyes with vision threatening cystoid macular edema at baseline had clinically meaningful improvement

 
15 KIO-104: Phase 2 Study Design (KLARITY) 2-Step, Randomized, Open-Label, Steroid-Sparing, Dose Expansion Trial  Step 1: Dose informing short-term study in macular edema (multiple clinical indications)  Step 2: Assuming positive data from Step 1, dose expansion study with highest tolerated dose  Primary: AEs, PK, labs  Secondary: BCVA, CST, PROs Study Design Endpoints N=8 Cystoid Macular Edema* KIO-104 Low Dose x3 KIO-104 Low or High Dose, biweekly, n=4/indication* KIO-104 High Dose x3 KIO-104 Low or High Dose, monthly, n=5, DME N=21 Day 1 3 biweekly doses Day 90-120Day 90 Day 1 3 biweekly or monthly doses Day -30 to -1 Screening // * Indications include Diabetic Macular Edema (DME), Posterior Non-Infectious Uveitis, others

 
16 KIO-301 Small Molecule Targeting Vision Restoration Inherited Retinal Diseases

 
17 Inherited Retinal Diseases (IRDs) Lead to Loss of Vision Healthy Vision  Rods and cones, the photoreceptors of the retina, process light and relay an electrical signal to downstream cells  One of these cell types, retinal ganglion cells (RGCs), transmit the signal to the visual cortex  The visual cortex is the part of the brain where vision is perceived Damage from IRDs  IRDs, including Retinitis Pigmentosa (RP), result in progressive degeneration and loss of function of rods and cones  This causes continuous impairment of vision that often leads to blindness  Importantly, many IRDs do not affect the RGCs Rods & Cones Light RGCs Rods & Cones Light RGCs

 
18 KIO-301 is a Molecular Photoswitch Designed to Restore Vision KIO-301 without Light  When photoreceptors die, RGCs undergo some remodeling, including expressing specific proteins that allow KIO-301 to selectively enter the cell with ion channels  Without light, KIO-301 remains in its linear “off” (trans) position KIO-301 with Light  With light, KIO-301 is activated and bends into its “on” (cis) formation  This physically blocks ion channels and activates the cell to transmit signals to the visual cortex Rods & Cones RGCs KIO-301 (trans) P2X7 Pore Ion Channel Rods & Cones Light RGCs KIO-301 (cis) P2X7 Pore Ion Channel

 
19 KIO-301 Reanimates the Retina & Changes Behavior Extensive Validation in Preclinical Models Neuron 2014: 81, 800-813. Behavioral study used a homologue molecule to KIO-301 API

 
20https://taiwanird.com.tw/ Inherited Retinal Disease Landscape Leber Congenital Amaurosis (LCA) Cone-Rod Dystrophy (CRD) Color Vision Defects (CVD) Stargardt Disease (SD) Vitreo-retinopathy Bietti Crystalline Dystrophy (BCD) Retinoschisis Choroideremia (CHM) Congenital Night Blindness (CNB) Retinitis Pigmentosa (RP)

 
21 Market Opportunity  ~100k patients in US (Provider: Retina Specialists [~3k])  Estimated total cost to US healthcare system in 2019: $3.7B Clinical Presentation  Night blindness, reduced visual field range and eventual loss of central vision  Visual acuity declines  50% of patients are not qualified to drive by age 37 and legally blind by 55 Etiology  50+ genetically distinct subtypes from 150+ mutations  Inherited disease Retinitis Pigmentosa A Disease with No Available Treatments Normal Vision Vision Declines over Time IOVS: Visual Field Progression in Retinitis Pigmentosa, American Academy of Ophthalmology, Clinical Ophthalmology 2021:15 2855–2866

 
22 KIO-301: Phase 1b Study Design (ABACUS) Open Label, Single Ascending Dose Trial – 2 Sites (Australia)  Two Cohorts, non-randomized, open-label, single IVT injection per eye  Cohort 1 – NLP/BLP patients; Cohort 2 – HM/CF patients  Primary – AEs, PK & labs  Secondary – Assessment days (shown only for Cohort 1 above) is repeated for each cohort per eye; intensity & contrast assessment, kinetic perimetry, functional MRI, etc.  Safety review conducted by Investigators between after sentinel subject Study Design Endpoints Review N=6 3/cohort Binocular Day 90 Cohort 1: KIO-301 (7.5 µg) Day -30 to -2 Visit 1-Screening Day 29-30 Visit 5 Day 60 Day 120 Cohort 1: KIO-301 Contralateral (25 µg) Cohort 2: KIO-301 (25 µg) Cohort 2: KIO-301 Contralateral (50 µg) Day 1-3 Visit 2 Day 7-8 Visit 3 Day 14-15 Visit 4 Day -120 to -30 fMRI feasibility NLP – No Light Perception, BLP – Bare Light Perception, HM – Hand Motion, CF – Counting Fingers

 
23 ABACUS-1 – Primary Endpoint Achieved Single Dose IVT KIO-301 is Safe & Well Tolerated @ 7.5μg, 25μg, 50μg MedDRA Term KIO-301 7.5µg (N=3); n (%) KIO-301 25µg (N=6); n (%) KIO-301 50µg (N=3); n (%) Severity Drug Related Total N=12; n (%) Ocular Hypertension 1 (33%) 0 (0%) 0 (0%) Mild Possible 1 (8.3%) Eye Swelling 0 (0%) 1 (17%) 0 (0%) Mild Unlikely 1 (8.3%) Eye Pain 0 (0%) 2 (33%) 0 (0%) Mild Unlikely 2 (17%) Anterior Chamber Cell 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Anterior Chamber Flare 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Vitreal Cells 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Retinitis 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Vasculitis 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Iritis 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Keratitic Precipitates 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Photophobia 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Photopsia 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Vitreous Floaters 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Punctate Keratitis 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Conjunctival Hyperemia 0 (0%) 0 (0%) 0 (0%) N/A N/A 0 (0%) Ocular AEs only, N = number of patients reporting event, n (%) = % of patients reporting event

 
24 Kinetic Visual Field KIO-301 May Improve Visual Field ‡ Cohort 2 includes 3 patients (6 eyes) CL = Confidence Limit  Goldmann perimetry  Performed at baseline (BL), and each study visit  Performed by same group of orthoptists to reduce variability  Greater improvement observed in Cohort 2 Kinetic Visual Field -20 -10 0 10 20 30 40 D2-BL D7-BL D14-BL D29-BL Kinetic Visual Field‡ Mean Change ± 80% CL Degrees of Change from Baseline * *p<0.05 0 10 20 30 30 40 50 60 70 80 Kinetic Visual Field‡ LS Mean ± 80% CL Day D eg re es

 
25 Visual Acuity — Berkeley Rudimentary Vision Test (BRVT) Optometry and Vision Science 2012:89(9), 1257-1264 Cohort 2 (3 patients, 3 eyes) 0 10 20 30 1.50 1.75 2.00 2.25 2.50 Visual Acuity Mean ± SEM Day lo gM AR Off-Chart Counting Finger Hand Motion

 
26 Light Perception (Intensity & Contrast Assessment) Assessment:  Series of visual stimuli (a series of letters are presented on a screen to the patient via a rear projector)  Binary outcome (yes/no)  The subject is asked to acknowledge (verbally and/or physically) when a change in light is perceived  Asked to also identify object, if possible Aim: Evaluate Light Perception at a Basic Level

 
27 Light Perception – Cohort 1 KIO-301 May Improve Light Perception in the NLP/BLP Population Insights:  Cohort 1 subjects demonstrate improved odds ratio on drug  Odds Ratio – strength of association, OR=2 → 100% increase in the odds of an outcome > e.g., duration of diabetes mellitus (> 15 years) with diabetic retinopathy is >9.0*  Cohort 2 subjects are existing light perception patients; therefore, expect little change Light Perception Cohort 1 includes 3 patients (6 eyes), NLP – No Light Perception, BLP – Bare Light Perception *International Journal of Retina and Vitreous 2016:2, 21 0 10 20 30 0 25 50 75 100 LSMean ± SEM Day Pr op or tio n of S uc ce ss (% ) 0.1 1 10 100 2 7 14 29 Odds Ratio (Change from Baseline, 80%CL) Odds Ratio Da y

 
28 2’x2’ tile Door Location Test Setup Functional Vision - Multiluminance Orientation & Mobility (MLOM) 2’x2’ tile Window Location Test Setup 2’x2’ tile Walking Direction Test Setup Start End 2’x2’ tile HCRE Course Setup Screen Screen Technician 1 Technician 2Door Window Left Center Right Left Center Right Seat Seat Seat

 
29 Functional Vision − Multiluminance Orientation & Mobility (MLOM) KIO-301 May Improve Functional Vision 0.1 1 10 100 Day 2 Day 7 Day 14 Day 29 Door Location Test* Change From Baseline ± 80% CL Odds Ratio 0.1 1 10 100 Day 2 Day 7 Day 14 Day 29 Walking Direction Test‡ Change From Baseline ± 80% CL Odds Ratio 0.1 1 10 100 Day 2 Day 7 Day 14 Day 29 Window Location Test§ Change From Baseline ± 80% CL Odds Ratio * Analysis of 4 patients (7 eyes) ‡ Analysis of 6 patients (10 eyes) § Analysis of 3 patients (5 eyes) Ora-MLOMTM Suite of Tests Overview  First time used in ultra-low vision patients  Question: “Is this test valuable?” Takeaways:  Important aspect of documenting vision driven movement  Not all “functional” tests relevant to the population tested  One or two clinically meaningful functional tests will remain in Phase II  Will incorporate light-level changes into Phase II MLOM 0 10 20 30 0 20 40 60 80 100 High Contrast Room Exit Test‡ Mean ± SEM Day R es po ns e R at e (% )

 
30 Visual Function Questionnaire (NEI VFQ-25) KIO-301 May Improve Patients’ Overall Quality of Life 0 30 35 40 45 50 Quality of Life Survey Day VF Q -2 5 C om po si te S co re n=12 *HMSA Medical Policy – Luxturna – 2016 National Eye Institute generated survey assess daily functions related to general health & vision, ocular pain, near & distance activities, social functioning, mental health, dependency, driving, color vision, and peripheral vision. 2-4 point increase is considered clinically meaningful* Quality of Life

 
31 Functional MRI Qualitative Supportive of Cortical Activation NLP – No Light Perception, BLP – Bare Light Perception, CF – Counting Fingers

 
32 1-02 Checkerboard with arrow Statistical Activation Map (Subject 2-05 [CF] - 50µg) 2d 4 weeks2 weeks Functional MRI Quantification of Checkerboard Stimulus 2 14 28 0 500 1000 1500 2000 2500 Occipital Cortex (Mean ± SEM) Day Vo xe ls (C ha ng e fro m B as el in e) * * * * p<0.05 All Eyes (n=12)

 
33 “…in my last few months and years, my vision has been deteriorating fairly rapidly. It’s like a dimmer switch has been turned down and the rooms were getting darker. Going into areas would be like going into a cave. In my living room, there are two lights in the ceiling, cluster lights. I would have to look to find one, then look to find the other. When I sat down three days after the injection, I looked up and I could see both quite clearly and with better illumination (brightness)…” ~ Subject 1-03 - Baseline HM Patient Testimonials NLP – No Light Perception, HM – Hand Motion, CF – Counting Fingers Videos available at https://kiorapharma.com/inherited-retinal-diseases/ “Before the study, I had no light perception whatsoever. And at the start of the study, I had a couple of MRIs; and while I was there, they flashed lights there and I saw absolutely nothing. 48 hours after the drug, I had another MRI; and I think that was the first OMG moment, to say, that I can actually see flashing lights.” “We went for a walk, a couple of weeks ago, into the supermarket, and I thought I was in a sci-fi movie. I could see everything, and I could see every individual item which I would not have been able to do…”

 
34 ABACUS-1 Takeaways Patients report improvements in vision  Consistent with objective clinical assessments  Follow-on study will include sham group Pilot study limitations  Non-controlled  Small sample size Approvable outcome assessments discussed with regulators  Positive US FDA pIND meeting in Q4 2023 KIO-301 appears to reanimate the retina  Concordance of improvement in visual acuity, visual field & functional vision  Increased visual cortex activity 4 3 2 1 No Safety & Tolerability Concerns

 
35 Théa Open Innovation Partnership: Co-Development & Commercialization Transaction Highlights  Théa Open Innovation (TOI) granted exclusive development & commercialization rights to KIO-301 for IRDs (≠ Asia)  $16M cash upfront payment to Kiora  Kiora eligible for up to an additional $285M in clinical development, regulatory and commercial milestones  Kiora to conduct and be reimbursed for Phase 2 trials  TOI to conduct and fund Phase 3 trials  Kiora to receive tiered royalties up to low 20%

 
36 KIO-301-2101: Phase 2 ABACUS-2 | Received Approval to Initiate Double-masked, Randomized, Controlled, Multiple Dose Study Recruitment in each Cohort begins with 6 patients (1:1) for SRC review and escalation/de-escalation recommendation Cohort 2 (Dose Escalated):  Same as Cohort 1 but dosed at 100 µg Cohort 1 (Start Dose):  RP patients who are ⨠NLP (logMAR ≥ 3.0 OU) (n=6, Cohort 1A) ⨠ULV (logMAR 1.6 – 3.0 OU) (n=12, Cohort 1B)  Randomized 2:1 to receive ⨠50 µg KIO-301 OR ⨠Control (saline) injection  3 months of follow-up visits Cohort 3 (Dose De-escalated):  Same as Cohort 1 but dosed at 25 µg --- OR ---

 
37 ABACUS-2 (IVT Q6W for 3 Months) Double-masked, Randomized, Controlled, Multiple Dose Study – 5 Sites (Australia), 36 Patients St ud y A ss es sm en ts St ud y V is its  Treatment Period Study visits occur every 3 weeks for study assessments with KIO-301 or control administered every 6 weeks (OU) for 3 consecutive doses  Follow-up Period Four visits 3 weeks apart with the final, end-of-study visit occurring 3 months after the last dose of KIO-301 or control  Safety Assessments Adverse events, vital signs , ECG, clinical chemistry & hematology, pharmacokinetics, SD-OCT, dilated fundoscopy, slit lamp, intraocular pressures  Efficacy Assessments ⨠Visual acuity as measured by BRVT ⨠Visual field as measured by digitized Goldmann perimetry ⨠Ultra-low Vision Quality of Life Questionnaire ⨠Functional vision as measured by a validated • 360-degree door location exit test (patients with NLP) • 360-degree room light direction test (patients with NLP) • 360-degree object identification test (patients with ULV) • High contrast room exit test (patients with ULV) IVT – Intravitreal, OU – Both Eyes, Q6W – Once every 6 Weeks, NLP – No Light Perception, ULV – Ultra-Low Vision

 
38 Choroideremia Research Foundation Grant & Ora Partnership Run-in Study Ongoing to Validate Novel Functional Vision Endpoints 2’x2’ tile 360-Degree Door Location Test Door Door D oorD oo r Start End 2’x2’ tile High Contrast Room Exit Test 2’x2’ tile 360-Degree Room Light Direction Test Light Array 2 Light Array 1 Li gh t A rr ay 4 Light Array 3 Seat 2’x2’ tile 360-Degree Object Identification Test Object Position 1 Object Position 3 Object Position 2 Object Position 4 Seat X

 
39 Brian M. Strem, PhD President & CEO Eric J. Daniels, MD, MBA Chief Development Officer Melissa Tosca, CPA Chief Financial Officer Stefan Sperl, PhD EVP – CMC & Operations Leadership Team

 
40 Upcoming Milestones  Initiate ABACUS-2 Phase 2 clinical trial 2H 2024  Complete run-in study to validate novel functional vision endpoints Q1 2025  Complete enrollment of ABACUS-2 2H 2025 KIO-301 KIO-104  Round out non-clinical package Q4 2024  Initiate KLARITY Phase 2 clinical trial 1H 2025

 
Thank You NASDAQ: KPRX

 
v3.24.3
Cover
Feb. 12, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 29, 2024
Entity Registrant Name KIORA PHARMACEUTICALS, INC.
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 98-0443284
Entity File Number 001-36672
Entity Address, Address Line One 332 Encinitas Blvd.
Entity Address, Address Line Two Suite 102
Entity Address, City or Town Encinitas
Entity Address, State or Province CA
Entity Address, Postal Zip Code 92024
City Area Code 858
Local Phone Number 224-9600
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value
Trading Symbol KPRX
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001372514
Amendment Flag false
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