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Case StudyKYMR · NASDAQTargeted Protein Degradation (TPD)Founded 2016

Kymera Therapeutics

“Directed protein degradation to destroy disease”

Legal name: Kymera Therapeutics, Inc. · KYMR (NASDAQ)

Headquarters: Watertown, MA, USA

Kymera Therapeutics is a clinical-stage biopharmaceutical company pioneering targeted protein degradation (TPD) to develop a new generation of small-molecule therapies for immune-inflammatory and oncology diseases. Using its proprietary Pegasus™ platform, Kymera designs bifunctional degrader molecules that use the cell's own proteasome machinery to selectively eliminate disease-causing proteins, including historically undruggable targets such as transcription factors.

Pipeline and financial figures on this page are curated for the Clari product experience and are not a substitute for SEC filings, regulatory records, or trial registry data. This is not medical or investment advice. Verify material facts with primary sources.

Kymera Therapeutics is a clinical-stage biopharmaceutical company pioneering targeted protein degradation (TPD) to develop a new generation of small-molecule therapies for immune-inflammatory and oncology diseases. Using its proprietary Pegasus™ platform, Kymera designs bifunctional degrader molecules that use the cell's own proteasome machinery to selectively eliminate disease-causing proteins, including historically undruggable targets such as transcription factors.

Watertown, MA, USA Pegasus™ Platform $1.6B · runway Into 2029 www.kymeratx.comKymera workspace
Pipeline Programs
4
4 active programs
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Live Trials Found
12
4 currently recruiting
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Publications
12
from PubMed (live)
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Cash Runway
$1.6B
Into 2029
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ClariAgent mission teams

Teams and mission starters combine the curated case study, your profile text, and a live sponsor-matched slice from the same ClinicalTrials.gov batch as the trial list for Kymera Therapeutics. The first listed mission in the first team always mirrors that registry batch.

Sponsor search: Kymera Therapeutics

Live registry slice: 12 study record(s) for sponsor "Kymera Therapeutics", 4 actively recruiting, 0 with results posted. Dominant phase tag: PHASE1. Frequent conditions in this pull: Atopic Dermatitis, Healthy Participants, Hidradenitis Suppurativa.

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Pegasus™ Platform

Targeted Protein Degradation (TPD)

How It Works

Kymera's bifunctional small molecules (PROTACs) simultaneously bind a disease-causing target protein and recruit an E3 ubiquitin ligase. The E3 ligase tags the target with ubiquitin chains, directing it to the 26S proteasome for destruction. Unlike inhibitors that must continuously occupy a target, degraders act catalytically: a single molecule can eliminate many copies of the target protein.

PROTAC® Degraders
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Pipeline Programs

All programs across therapeutic areas

4 programs
KT-621
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Live Clinical Trials

Retrieved from ClinicalTrials.gov

12 trials
Recruiting
A Long-term Study of KT-621 Administered Orally to Participants With Asthma Previously Enrolled in a KT-621 Asthma Study
Phase 2Asthma (Diagnosis)
KT-621
Kymera Therapeutics, Inc.264 participants7 sites · United States, Germany, PolandCompletes Dec 2028
CompareCT.gov Full analysis →

Research Publications

Live from PubMed / NCBI

12 papers

Discovery of a Potent, Selective, and Orally Efficacious STAT6 PROTAC for the Treatment of Atopic Dermatitis.

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Disease Areas & Patient Impact

Type 2 Inflammatory Diseases

140M+ globally
Programs: KT-621 (STAT6)
Examples: Atopic dermatitis, asthma, eosinophilic esophagitis, chronic urticaria
Unmet Need: Many patients don't respond to or cannot access injectable biologics. An oral medicine with biologic-like activity would dramatically expand access.
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Strategic Partnerships

Collaborations amplifying pipeline reach

SNY
Sanofi
Option/License + Co-Development
Up to $975M in milestones; $150M upfront (2020); $20M preclinical milestone (2025)
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AI Intelligence

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Data sources:ClinicalTrials.gov (live)PubMed / NCBI (live)Kymera Therapeutics investor materialsSEC filingsAuto-refreshes every 10 min
Kymera TherapeuticsNASDAQ: KYMR
Full competitive landscape
Open on Clari:NCT07677059NCT07323654NCT07217015NCT07823205
  • Targeted Protein Degradation

    Competitive Intel

    TPD is Kymera’s core modality. This squad compares degraders, glue, deals, and positioning vs Arvinas, C4, Nurix, and others. Your curated profile centers targeted protein degradation; use this squad for TPD peer and deal work.

    Starter missions

    • ClinicalTrials.gov snapshot (this page’s sponsor search)

      You are helping analyze Kymera Therapeutics using the same live ClinicalTrials.gov sponsor pass as this Clari page (sponsor string: "Kymera Therapeutics"). Registry batch: 12 studies, 4 actively recruiting, 0 with results posted. Phase mix (rough): PHASE1:8, PHASE2:3, N/A:1. Sample NCT IDs from this feed: NCT07677059, NCT07323654, NCT07217015, NCT07823205. Top condition strings in the batch: Atopic Dermatitis (3), Healthy Participants (2), Hidradenitis Suppurativa (2), Asthma (Diagnosis) (1), Eosinophilic Asthma (1). Summarize what this slice implies for clinical breadth versus the curated pipeline card, and what to double-check on the public registry. Not medical or investment advice.

    • TPD peer benchmark

      Benchmark Kymera Therapeutics against Arvinas, C4 Therapeutics, Nurix, and Monte Rosa on clinical-stage TPD programs: modalities (PROTAC vs glue), readout timing, and partnership structure. Cite what is registry-backed vs narrative.

    • Degrader catalyst scan

      List near-term data catalysts and regulatory events for Kymera’s public pipeline (STAT6, IRAK4, and other clinical assets). Note recruitment status and trial phases using ClinicalTrials.gov-friendly sponsor language.

  • Greater Boston Biotech

    Geographic

    Kymera is Watertown-based. Use the Boston corridor lens for local peers, talent, and conference activity that affects the same TPD cluster. Headquarters in the Boston or Cambridge area; the geographic team complements local peer tracking.

    Starter missions

    • Boston TPD cluster pulse

      Give a status update on Boston-area TPD companies including Kymera, Nurix, C4 Therapeutics, and Plexium: latest trial changes, partnership headlines, and how Kymera’s milestones compare in timing.

  • Immunology Research

    Disease Focus

    Covers STAT6, IRAK4, and related immunology degrader targets where Kymera is clinically active. This pull includes immunology-style condition text on 6 of 12 studies.

    Starter missions

    • Immunology readout map

      For Kymera’s immunology and inflammation programs, summarize indication rationale, stage of development, and how degradation compares to antibody or small-molecule incumbents in the same diseases.

  • Wile Meeting

    Meeting Intel

    For investor days, R&D days, and partner updates where sponsor narrative must be triangulated with registries.

    Starter missions

    • IR vs registry check

      List questions an analyst would ask after Kymera (or partner) R&D or investor materials, and which claims should be verified on ClinicalTrials.gov or SEC filings. Keep scope to publicly described programs.

Molecular Glue Degraders

Key Advantages

  • Catalytic event-driven pharmacology: one molecule destroys many target proteins
  • Accesses undruggable targets including transcription factors and scaffolding proteins
  • Eliminates both enzymatic AND scaffolding functions of a target simultaneously
  • Deep, durable target suppression potentially allowing less frequent dosing
  • Potential to overcome resistance mechanisms that arise against traditional inhibitors
  • Oral small molecule, convenient for patients vs. injectable biologics

E3 Ligases Utilized

CRBN (Cereblon)VHL (Von Hippel-Lindau)MDM2IAP ligases
STAT6
PROTAC Degrader
RECRUITING
Phase 2
Atopic DermatitisAsthma+6 more

First-in-class oral STAT6 degrader with FDA Fast Track designations for both AD (December 2025) and eosinophilic asthma (April 2026). Phase 1b BroADen data (presented at AAD March 2026): median 94% STAT6 degradation in skin, 98% in blood; 74% TARC reduction; 63% mean EASI reduction, 29% EASI-75, 19% vIGA-AD 0/1 after 28 days. Picomolar potency superior to dupilumab in vitro. BROADEN2 expanded to include adolescents (ages 12-75) in January 2026.

Pathway
IL-4/IL-13 signaling (Type 2 inflammation)
Patient Potential
140M+ patients globally with Type 2 inflammatory diseases
Active Trials
NCT07217015NCT07323654
STAT6 on PubMed
KT-579IRF5PROTAC DegraderRECRUITING
Phase 1
Lupus (SLE)Sjögren's SyndromeRheumatoid Arthritis+3 more

First IRF5-targeted therapy to enter clinical development. FDA cleared the IND and dosing commenced in February 2026. IRF5 is a master regulator of innate/adaptive immune response, driving pro-inflammatory cytokines (TNFα, IL-6, IL-12, IL-23), B-cell activation, and Type I IFN signaling. Historically undruggable due to complex activation steps. Preclinical data at ACR 2025 showed activity in lupus and RA models.

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KT-485 / SAR447971IRAK4PROTAC DegraderIND CLEAREDSanofi Partnership
Phase 1
Hidradenitis SuppurativaAtopic Dermatitis+6 more

2nd-generation IRAK4 degrader selected by Sanofi (June 2025) to replace KT-474 for clinical development. KT-485 demonstrated increased selectivity and potency with a favorable safety profile in preclinical studies. Sanofi exercised its participation election right and leads Phase 1 clinical entry in 2026. IRAK4 is a scaffolding kinase at the interface of innate/adaptive immunity; degradation impacts both kinase and scaffolding functions. Kymera is eligible for up to $975M in milestones plus double-digit royalties, with an option for 50/50 US profit split.

Pathway
TLR/IL-1R myddosome signaling (innate immunity)
Patient Potential
Large immune-inflammatory populations across multiple diseases
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KT-200 (CDK2 Molecular Glue)CDK2Molecular Glue DegraderIND ENABLINGGilead Partnership (licensed April 2026)
IND-Enabling
Breast Cancer (CCNE1-amplified)+2 more

Gilead exercised its exclusive option to license KT-200 in April 2026, triggering a $45M milestone payment. Kymera is eligible for up to $750M total ($85M realized to date) plus tiered royalties (high single-digit to mid-teens). First molecular glue discovered by Kymera expected to enter the clinic. KT-200 demonstrated low-nanomolar CDK2 degradation, robust activity in CCNE1-amplified cell lines and in vivo tumor models, brain penetrant potential, and a favorable safety profile. Gilead leads IND-enabling studies targeting IND filing in 2027.

Pathway
Cell cycle / CCNE1 amplification / CDK2 signaling
Patient Potential
~20% of breast cancers harbor CCNE1 amplification
CDK2 on PubMed
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Recruiting
A Study of KT-621 Administered Orally to Adult Participants With Moderate to Severe Eosinophilic Asthma
Phase 2Eosinophilic Asthma
KT-621Placebo
Kymera Therapeutics, Inc.264 participants81 sites · United States, Argentina, AustriaCompletes Dec 2027
CompareCT.gov Full analysis →
Active
A Study of KT-621 Administered Orally to Participants With Moderate to Severe Atopic Dermatitis
Phase 2Atopic Dermatitis
KT-621Placebo
Kymera Therapeutics, Inc.200 participants61 sites · United States, Australia, CanadaCompletes Jun 2027
CompareCT.gov Full analysis →
Recruiting
A Study to Evaluate Different Oral Formulations of KT-621
Phase 1Healthy Participants
KT-621KT-621KT-621
Kymera Therapeutics, Inc.54 participants1 site · United StatesCompletes Apr 2027
CompareCT.gov Full analysis →
Recruiting
First-in-human Study of Orally Administered KT-579 in Healthy Adult Participants
Phase 1Healthy Participants
KT-579Placebo
Kymera Therapeutics, Inc.96 participants1 site · United StatesCompletes Dec 2026
CompareCT.gov Full analysis →
Completed
Safety, PK, PD, and Clinical Activity of Orally Administered KT-621 in Adult Patients With Atopic Dermatitis (AD)
Phase 1Atopic Dermatitis
KT-621
Kymera Therapeutics, Inc.22 participants12 sites · United StatesCompletes Nov 2025
CompareCT.gov Full analysis →
Completed
First-in-human Study of Orally Administered KT-621 in Healthy Adult Participants
Phase 1Healthy Participants Study
KT-621Placebo
Kymera Therapeutics, Inc.118 participants2 sites · United StatesCompletes Apr 2025
CompareCT.gov Full analysis →
Completed
Safety, PK, PD, Clinical Activity of KT-333 in Adult Patients With Refractory Lymphoma, Large Granular Lymphocytic Leukemia, Solid Tumors
Phase 1Non Hodgkin Lymphoma (NHL)Peripheral T-cell Lymphoma (PTCL)Cutaneous T-Cell Lymphoma (CTCL)
KT-333
Kymera Therapeutics, Inc.56 participants13 sites · United StatesCompletes Mar 2025
CompareCT.gov Full analysis →
Completed
Safety and Clinical Activity of KT-253 in Adult Patients with High Grade Myeloid Malignancies, Acute Lymphocytic Leukemia, Lymphoma, Solid Tumors
Phase 1Myeloid MalignanciesAcute Lymphocytic LeukemiaLymphomas
KT-253
Kymera Therapeutics, Inc.52 participants11 sites · United StatesCompletes Dec 2024
CompareCT.gov Full analysis →
Completed
Safety, PK/PD, and Clinical Activity of KT-413 in Adult Patients with Relapsed or Refractory B-cell NHL
Phase 1Non Hodgkin LymphomaDiffuse Large B Cell LymphomaDLBCL
KT-413
Kymera Therapeutics, Inc.7 participants8 sites · United States, United KingdomCompletes Jul 2023
CompareCT.gov Full analysis →
Completed
A Single and Multiple Ascending Dose Trial of KT-474 in Healthy Adult Volunteers and Patients With Atopic Dermatitis (AD) or Hidradenitis Suppurativa (HS)
Phase 1Healthy VolunteerAtopic DermatitisHidradenitis Suppurativa
KT-474/PlaceboKT-474
Kymera Therapeutics, Inc.154 participants14 sites · United StatesCompletes Oct 2022
CompareCT.gov Full analysis →
Completed
Evaluation of Cutaneous and Circulating Inflammatory Biomarkers in Hidradenitis Suppurativa and Atopic Dermatitis
N/AHidradenitis SuppurativaDermatitis, Atopic
Kymera Therapeutics, Inc.40 participants1 site · CanadaCompletes Mar 2021
CompareCT.gov Full analysis →
View all on ClinicalTrials.gov

Signal transducer and activator of transcription 6 (STAT6), a key mediator of IL-4/IL-13 signaling, regulates Th2 differentiation, making it an attractive target for atopic dermatitis (AD). The reported phosphopeptide-based STAT6 proteolysis-targeting chimera (PROTAC) established proof of concept for targeted STAT6 degradation, although its oral bioavailability and degradation potency remain suboptimal. Here, we report the discovery of orally active non-phosphopeptide STAT6 degraders. Among them, WW-210 exhibited picomolar DC50 values for STAT6 degradation and a more than 1000-fold degradation selectivity window over the other tested STAT family members. PK/PD studies demonstrated favorable oral exposure, measurable oral bioavailability, and effective STAT6 degradation in blood and spleen. In a mouse model of AD, WW-210 alleviated skin lesions, reduced serum IgE, restored filaggrin expression, and decreased mast cell infiltration. Collectively, WW-210 represents a potent, orally active STAT6 degrader with therapeutic potential for AD.

Journal of medicinal chemistry2026Wang Wentao, Zhao Mengyu et al.

Mycobacterium tuberculosis Rv3248c Inhibits Type I Interferon Response and Promotes Intracellular Survival by Mediating Ubiquitin-Proteasome-Dependent Degradation of TBK1.

Mycobacterium tuberculosis (M. tb) is a leading cause of infectious disease mortality worldwide, and M. tb subverts host immunity to persist intracellularly. Type I interferon (IFN-I) modulates host defense during M. tb infection, but the mechanisms controlling their induction remain incompletely defined. In this research, a previously uncharacterized mycobacterial factor, M. tb Rv3248c, which regulates IFN-I response, was identified using pull-down and mass spectrometry. Overexpression of Rv3248c suppresses IFN-β expression in macrophages at both the transcriptional and protein levels. In addition, it also enhances intracellular bacterial load, whereas in bone marrow-derived macrophages (BMDMs) from Ifnar1-/- C57BL/6 mice, the difference of bacterial load was no longer statistically significant, suggesting that Rv3248c enhances mycobacterial survival in IFN-I-dependent manner. Furthermore, the study shows that M. tb Rv3248c inhibits IFN-I response via the cGAS-STING pathway. Mechanistically, Rv3248c binds TANK-binding kinase 1 (TBK1) and promotes its ubiquitination-mediated proteasomal degradation. The N-terminal region of Rv3248c (amino acids 1-134) is required for TBK1 interaction and IFN-I inhibition. These findings identify a previously uncharacterized mechanism by which M. tb dampens the IFN-I response by targeting TBK1, highlighting Rv3248c as a contributor to pathogenesis and a potential therapeutic target.

ACS infectious diseases2026Xu Zhengzhong, Geng Min et al.
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BET Family Proteins Directly Regulate Constitutive TDO2 Transcription in Cancer Cells.

Kynurenine (Kyn), a tryptophan catabolite, is a key mediator of tumor-associated immunosuppression, and its production depends mainly on indoleamine 2,3-dioxygenase 1 (IDO1) and tryptophan 2,3-dioxygenase (TDO2). IDO1 is potently induced by interferon-γ (IFN-γ), and its transcriptional regulation is well characterized. In contrast, TDO2 is clinically relevant in cancer, but the mechanism controlling its expression is unclear. Here, we show that bromodomain and extra-terminal domain (BET) proteins directly regulate TDO2 transcription in cancer cells. In multiple TDO2-expressing cell lines, BET inhibitor JQ1 and BET degrader dBET6 suppressed TDO2 transcription and protein expression, with dBET6 showing broader and more potent activity. Chromatin immunoprecipitation followed by quantitative PCR showed BET protein occupancy at the TDO2 promoter, consistent with direct promoter binding. This BET-dependent regulation was observed across diverse cancer cell contexts, indicating that TDO2 is a conserved and pharmacologically tractable BET target. When IDO1 expression was induced by IFN-γ, dBET6 suppressed IDO1 and TDO2 expression and reduced Kyn production. Taken together, these findings reveal a BET-dependent mechanism controlling TDO2 expression and provide a rationale for evaluating BET inhibition or degradation as a strategy to suppress Kyn production in cancer.

The Journal of biological chemistry2026Ogawa Takafumi, Asai Akira
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TLR8 gain-of-function syndrome.

Toll-like receptor 8 (TLR8) is an endosomal pattern recognition receptor highly expressed in myeloid cells that senses RNA degradation fragments. Monogenic gain-of-function (GOF) variants in TLR8 cause an inborn error of immunity (IEI) with a spectrum of immune-mediated pathology ranging from severe lymphoproliferation with neutropenia and bone marrow failure to anemia and autoimmunity. Half of identified patients have mosaic disease-causing variants, with variant allele fractions as low as 7% sufficient to drive systemic immune dysregulation. This, along with immunologic profiling of patients, demonstrates a dominant mechanism of disease, likely mediated by inflammatory cytokines. Disease-causing variants in TLR8 are enriched at or near agonist and antagonist binding sites in the encoded protein. As a spectrum of disease and genotypes emerges, identifying sensitivity to agonism and resistance to antagonism may provide insight into molecular mechanisms and therapeutic targets. Here, we review the genetics and clinical features of 19 reported cases of TLR8 GOF diseases, and future areas of investigation for this IEI.

Journal of human immunity2026Gil Hwi M, Cooper Megan A
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Identification of small-molecule inhibitors of the immune system repressor Regnase-1.

Regnase-1 is an essential RNase that suppresses immune cell activation by targeting the mRNA of pro-inflammatory cytokines such as interleukin 6 (IL-6). Although genetic inhibition of Regnase-1 activity in CD8+ T cells has been shown to enhance antitumor immunity, no molecular inhibitors of Regnase-1 have been reported. By exploiting a library of nucleic acid analogs in conjunction with an RNA displacement assay, we identified multiple candidate competitors of Regnase-1 RNA substrates. Among these, suramin-an approved drug for treating African sleeping sickness-and several of its derivatives displaced Regnase-1 RNA targets with submicromolar affinity, competitively inhibited Regnase-1-mediated degradation of RNA in vitro, and enhanced Il6 mRNA levels and IL-6 production in mouse embryonic fibroblasts. A 2.62 Å crystal structure revealed that suramin bound to the Regnase-1 active site, coordinating with the catalytic Mg2+. Quantum chemical calculations further elucidated qualitative interactions between suramin and surrounding residues of Regnase-1. These findings establish suramin as a small-molecule inhibitor of Regnase-1-mediated RNA decay.

NAR molecular medicine2026Millius Arthur, Yew Chee-Hong Takahiro et al.
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Triazole Stress Induces Accelerated Degradation of Aspergillus fumigatus Hmg1.

Triazole antifungals inhibit the lanosterol C14-demethylase Cyp51A/B and are the first-line treatment for invasive aspergillosis caused by Aspergillus fumigatus. We previously proposed that triazoles impose a secondary constraint on ergosterol biosynthesis through negative feedback regulation of HMG-CoA reductase (Hmg1) through its sterol sensing domain (SSD), and SSD mutations compromise this regulation to produce resistance. The molecular mechanism underpinning this feedback remained unknown. In this study, we show that voriconazole drives accelerated protein degradation of Hmg1 and that SSD mutation abolishes this regulated degradation. Triazole-induced Hmg1 degradation is proteasome-dependent and partially requires the ERAD E3 ubiquitin ligase, HrdA, and INSIG ortholog, InsA, both conserved regulators of HMG-CoA Reductase abundance. We provide genetic evidence that the initiating negative feedback signal is not triazole acting directly on Hmg1 but lanosterol accumulation resulting from Cyp51A/B inhibition. To test whether depleting Hmg1 protein could re-sensitize resistant strains, we utilized a GFP-targeted degradation system designed to target Hmg1 for degradation without engaging its SSD. Combining this system with voriconazole treatment reduced the MIC at least four-fold in both conidia and established hyphae in susceptible and resistant strains. Together, our findings support a model wherein triazole-induced lanosterol accumulation drives HrdA/InsA-dependent accelerated degradation of Hmg1 and establish that pharmacologically inducing this secondary mechanism can enhance triazole activity in both susceptible and resistant isolates.

bioRxiv : the preprint server for biology2026Xie Jinhong, Martin-Vicente Adela et al.
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IRAK4 autophosphorylation functions as a molecular switch to regulate death domain assembly and Myddosome maturation.

The organization of signaling proteins into multi-component complexes is essential for innate immune responses and is often achieved through the oligomerization of death domains (DDs). The Myddosome, composed of MyD88 and IRAK family kinases, exemplifies this mechanism. However, how DDs assemble in an ordered and regulated manner to form Myddosomes to control signaling output remains unclear. Here, we show that IRAK4 kinase activity and autophosphorylation are required for IRAK4:IRAK1 heterotypic DD interactions. We show that IRAK1 is autoinhibited by its kinase domain, and IRAK4 phosphorylation relieves this inhibition, enabling IRAK1 DD incorporation into Myddosomes. This phosphorylation-dependent switch similarly controls IRAK2/3 incorporation. Thus, IRAK4 autophosphorylation acts as an energy-dependent molecular switch that integrates phosphorylation with protein oligomerization to drive Myddosome maturation and signal transduction. This mechanism demonstrates how enzymatic activity can impose temporal and spatial control over macromolecular assembly to ensure directional and context-dependent inflammatory signaling.

Nature communications2026Srikanth Niranjan A, Deliz-Aguirre Rafael et al.
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Real-world patient journey and unmet needs of people with hidradenitis suppurativa: Social media research in China.

JAAD international2026Ingram John R, Wu Wen-Yu et al.
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More on PubMed

Competitive Landscape

Targeted Protein Degradation (TPD)

6 companies
AR
Arvinas
ARVN
Phase 3 / Phase 1
PlatformPROTAC® Technology
FocusOncology, Neuroscience
LeadARV-471 (ER degrader, breast cancer) · ARV-102 (LRRK2, Parkinson's)

Pioneer: first PROTAC company to reach Phase 3. Partner: Pfizer (ARV-471 for ~$650M upfront).

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C4
C4 Therapeutics
CCCC
Phase 1/2
PlatformTORPEDO® (bifunctional degraders)
FocusHematology, Oncology, Neurodegeneration
LeadCFT8919 (EGFR L858R NSCLC) · CFT1946 (BRAF V600X)

Partnerships with Roche, Biogen, and Merck KGaA.

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NU
Nurix Therapeutics
NRIX
Phase 1
PlatformDELigase™ (90+ E3 ligases)
FocusB-cell malignancies, Solid Tumors, Inflammation
LeadNX-5948 (BTK degrader) · NX-0479 (BTK/IMiD)

Broader E3 ligase toolkit; also developing protein elevation strategies. BMS collaboration.

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MO
Monte Rosa Therapeutics
GLUE
Phase 1
PlatformQuEEN® (molecular glues)
FocusOncology
LeadMRT-2359 (GSPT1 degrader) · CCND1 program

Focused exclusively on molecular glue degraders; novel target space.

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VI
Vividion Therapeutics
Private (Bayer, 2021)
Phase 1
PlatformChemoproteomics-guided TPD
FocusOncology, Immunology
LeadVVD-159 · Multiple oncology degraders

Acquired by Bayer for $1.5B (2021). Chemoproteomics approach to find novel ligandable sites.

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PL
Plexium
Private
Preclinical / Phase 1
PlatformMolecular Glue Discovery
FocusOncology, Neurodegeneration
LeadPLX-4545 (IKZF2 glue, oncology)

Focused on molecular glue discovery for CNS and oncology targets.

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AI Competitive Analysis

Compare Kymera Therapeutics against 6 competitors across technology, pipeline, funding, and strategic positioning

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Autoimmune / Rheumatologic

50M+ in US + EU
Programs: KT-579 (IRF5), KT-485 (IRAK4)
Examples: Lupus, Sjögren's, rheumatoid arthritis, IBD, systemic sclerosis
Unmet Need: Many patients cycle through multiple therapies. IRF5 and IRAK4 targets remain undrugged with broad pathway coverage.

Oncology (CDK2 / CCNE1)

~20% of breast cancers; multiple solid tumors
Programs: CDK2 Molecular Glue
Examples: HR+/HER2- breast cancer with CCNE1 amplification, ovarian cancer
Unmet Need: CCNE1 amplification is a key resistance driver to CDK4/6 inhibitors, an area with urgent need and no approved targeted therapy.
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Target: IRAK4 Degraders
Program: KT-485 / SAR447971

Sanofi selected KT-485 (June 2025) to replace KT-474 and leads Phase 1 clinical entry in 2026. Sanofi exercised its participation election right. Kymera retains an option to participate in US development/commercialization with a 50/50 profit split and receives double-digit tiered royalties in rest-of-world. Kymera is eligible for up to $975M in clinical, regulatory, and commercial milestones.

GILD
Gilead Sciences
Exclusive Option & License (option exercised April 2026)
Up to $750M total; $85M realized ($40M upfront + $45M option exercise); tiered royalties high single-digit to mid-teens
Target: CDK2 Molecular Glue
Program: KT-200

Gilead exercised its exclusive option in April 2026 to license KT-200, triggering a $45M milestone. Gilead now leads IND-enabling studies targeting an IND filing in 2027 and has global rights to develop, manufacture, and commercialize all products from the collaboration.

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Pipeline Timeline

Clinical development calendar, key milestones, data catalysts

2024
2025
2026
2027
2028
NOW
KT-621 · Phase 2b
KT-579 · Phase 1
KT-621STAT6 · Atopic Dermatitis / Asthma
KT-579IRF5 · Lupus (SLE) / Sjögren's Syndrome / Rheumatoid Arthritis
Data Readout
Trial Start / IND
Partnership / Deal
Approval
Regulatory
Key Catalyst

Key Milestones

Company history and program progress

2026FDA grants Fast Track designation for KT-621 in moderate-to-severe eosinophilic asthma (April 2026)
2026Gilead exercises option to license KT-200 (CDK2 molecular glue); $45M milestone (April 2026)
2026KT-621 BroADen Phase 1b data presented in late-breaking session at AAD Annual Meeting (March 2026)
2026Neil Graham, MBBS, MD, MPH appointed Chief Development Officer (February 2026)
2026KT-579 (IRF5) Phase 1 dosing commenced in healthy volunteers after FDA IND clearance (February 2026)
2026BROADEN2 expanded to include adolescents (ages 12-75); BREADTH Phase 2b first patient dosed (January 2026)
2025$692M equity offering completed; cash position reaches $1.6B (December 2025)
2025FDA grants Fast Track designation for KT-621 in moderate-to-severe AD (December 2025)
2025KT-621 Phase 1b BroADen data: deep STAT6 degradation, clinical improvements in AD (December 2025)
2025BROADEN2 Phase 2b (KT-621, AD) first patient dosed (November 2025)
2025KT-579 preclinical data at ACR 2025: activity in lupus and RA models (October 2025)
2025Sanofi selects KT-485 to replace KT-474 for IRAK4 development (June 2025); $20M preclinical milestone
2024KT-621 (STAT6) enters Phase 1b in atopic dermatitis patients
2023Gilead CDK2 molecular glue collaboration announced
2022KT-474 (IRAK4) Phase 1 data in atopic dermatitis, proof-of-concept
2020IPO on NASDAQ (KYMR)
2020Sanofi partnership announced ($150M upfront, up to $2.1B total)
2020Series C: $102M raised (March)
2018Series B: $65M raised
2017Series A: $30M raised
2016Founded by Nello Mainolfi and others; Pegasus platform conceived
Pathway
TLR/innate immune / Type I interferon signaling
Patient Potential
Tens of millions with autoimmune diseases globally
Active Trials
NCT07412288
IRF5 on PubMed
IRAK4 on PubMed