Kodiak Sciences jumps after eye drug meets main goal in late-stage study

Kodiak Sciences

26/03/2026 14:44

Updates

** Shares of drug developer Kodiak Sciences KOD.O surges 57.23% to $35.77

** Stock set for biggest daily percentage rise in six months, if gains hold

** Co says its experimental drug, Zenkuda, met the main goal in a late-stage study in patients with diabetic retinopathy, a diabetes-related eye disease

** In the study, 62.5% of patients treated with Zenkuda showed a clear improvement in disease severity, compared with 3.3% of those on a sham treatment - KOD

** The drug was well-tolerated, with no cases of eye inflammation reported in the trial - KOD

** KOD says results support a U.S. marketing application for the treatment; plans to accelerate the submission

** Including session's move, stock up 22.50% YTD

 (Reporting by Kunal Das in Bengaluru)

 ((Kunal.Das2@thomsonreuters.com;))