Kala Pharmaceuticals sees cash runway into 1Q26

Cash Position: As of December 31, 2024, KALA had cash and cash equivalents of $51.2 million, compared to $49.2 million as of September 30, 2024. This increase reflects gross proceeds of $10.75 million received from KALA’s December 2024 private placement financing and $2.5 million received under the CIRM award in December 2024, partially offset by a prepayment of $5.0 million in principal and fees on its debt facility as well as cash used in operations. Based on its current plans, KALA anticipates that its cash resources as of December 31, 2024 will enable it to fund operations into the first quarter of 2026.