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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

Chromosome 6q mediated loss of LATS1 tumour suppression as a targetable mechanism of ultra-high-risk posterior fossa A ependymoma.

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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:NCT07677059NCT07217015NCT07323654NCT07823205
  • 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, NCT07217015, NCT07323654, 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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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 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 →
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

Posterior Fossa A (PFA) is the most frequent and clinically aggressive ependymoma (EPN) subgroup, with relapse typically representing a terminal event despite intensive multimodal therapy. Ultra-high-risk PFA EPNs are characterised by chromosome 6q loss (6q-) with or without chromosome 1q gain (1q +). While the molecular mechanisms driving 1q+ have been elucidated, 6q- PFA pathobiology remains poorly understood. Here, we show that loss of 6q in PFA EPN results in deletion of LATS1 (Large Tumour Suppressor Kinase 1), thereby dysregulating the Hippo signalling pathway and enhancing YAP/TEAD activity. Integrated analyses of primary and recurrent PFA EPNs, incorporating clinical, multiomic, and functional assays, were performed to define the biology and therapeutic susceptibility of 6q- PFA EPNs. Cumulative 6q loss was associated with nearly half of PFA EPN-related deaths. Copy number profiling identified the LATS1 locus as recurrently deleted across all 6q- cases, including 10/60 with partial 6q deletions. Restoration of LATS1 expression in 6q- PFA cell lines re-established protein levels and suppressed proliferation. Tumour analyses showed marked Hippo pathway disruption with elevated YAP expression and TEAD2-related transcriptional activity. TEAD2 palmitoylation inhibitor VT107, and Proteolysis Targeted Chimera (PROTAC) degrader H122, exhibited PFA 6q- selective activity in vitro. TEAD2 upregulation was further observed in a previously described undifferentiated, progenitor-like population of PFA EPN cells. In conclusion, 6q loss defines an aggressive biological subset of PFA associated with dismal outcomes. Identification of LATS1 as a recurrently lost tumour suppressor implicates Hippo pathway dysregulation as a central driver of malignancy, and we identify YAP/TEAD signalling as a potential therapeutic target.

Acta neuropathologica2026Donson Andrew M, Griesinger Andrea M et al.

In vivo CRISPR screens identify dual functions of DNMT3A in mediating tumor immune evasion.

Cancer immunotherapy has achieved remarkable clinical efficacy across multiple cancers but remains ineffective for most patients, and the mechanisms underlying resistance remain incompletely understood. Here, we perform in vivo CRISPR-Cas9 screens in female mice and identify DNA methyltransferase 3 A (DNMT3A) as a key driver of tumor immune evasion through both methyltransferase-dependent and -independent mechanisms. DNMT3A represses TNFRSF1A and TNFRSF1B expression, enabling tumor cells to evade TNFα-induced killing. Independently of its methyltransferase activity, DNMT3A interacts with NFYA to activate cholesterol biosynthesis, leading to zymosterol accumulation in tumor interstitial fluid. Zymosterol impairs SREBP2 cleavage and promotes HMGCR degradation in CD8⁺ T cells, thereby suppressing cholesterol biosynthesis and compromising their antitumor effector functions. Targeting DNMT3A with antisense oligonucleotides overcomes resistance to immune checkpoint blockade. Collectively, these findings establish DNMT3A as an integrated epigenetic and metabolic checkpoint in tumor immune evasion and a potential target for immunotherapy.

Nature communications2026Zhao Jianhong, Deng Yanrong et al.
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Impact of Prophylactic Steroids on CAR T-cell Related Toxicity for Relapsed and Refractory Non-Hodgkin Lymphoma.

Anti-CD19 chimeric antigen receptor T-cell therapy (CAR-T) has transformed the treatment of relapsed/refractory (R/R) non-Hodgkin lymphoma (NHL). However, toxicities including cytokine release syndrome (CRS) and immune effector cell-associated neurotoxicity syndrome (ICANS) remain significant. Prophylactic corticosteroid use increased after cohort 6 of ZUMA-1, which suggested reduced severe CRS and ICANS, although the lack of a comparator arm limits interpretation. To evaluate the impact of steroid prophylaxis on outcomes and toxicities in a real-world setting. We conducted a retrospective, single-institution analysis of adults (≥18 years) with R/R NHL treated with CD28 costimulated axicabtagene ciloleucel (axi-cel) or brexucabtagene autoleucel (brexu-cel) at The Ohio State University (2018-2023). All patients received steroid prophylaxis (dexamethasone 10 mg daily × 3 from infusion day). Outcomes including toxicities (CRS, ICANS) and response rates, survival outcomes, and hazard ratios were compared using logistic regression, log-rank test, and Cox model. 137 patients received CAR-T (axi-cel n=118, brexu-cel n=19); 27.0% received steroid prophylaxis (PPX). Baseline characteristics were similar between groups, although primary refractory disease differed. CRS and ICANS prevalence did not significantly differ between cohorts. Any-grade CRS occurred in 97.3% of patients with PPX vs 88.0% with no PPX (p=0.13), with grade 3-4 CRS in 2.7% vs 12.0% (p=0.13). ICANS occurred in 75.7% vs 68.0% (p=0.38), with grade 3-4 ICANS in 24.3% vs 32.0% (p=0.38). Median time to CRS onset was delayed in the PPX group (4 vs 3 days, p<0.01), with no difference in ICANS onset. Overall response rates (ORR) were 75.7% vs 69.0% (p=0.44); complete response rates (CRR) were 62.2% vs 54.0% (p=0.39). OS and PFS did not differ. Prophylactic corticosteroids did not impact CRS, ICANS, response rates, or survival. Although CRS onset may be modestly delayed, these findings do not support routine steroid prophylaxis in CAR-T-treated NHL patients.

Transplantation and cellular therapy2026Habib Alma, Youssef Youssef et al.
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Inhibition of cellular NEDDylation partially alters the MHC class I immunopeptidome.

Determining how chemotherapeutic drugs alter the MHC class I-associated immunopeptidome is essential for designing rational combinatorial therapies to enhance antitumor CD8+ T-cell activity, such as immune checkpoint inhibitor Abs. We investigated the impact of a first-in-class inhibitor of cellular NEDDylation, MLN4924, on self-peptide presentation using 2 human tumor cell lines: HeLa cells secreting the human MHC class I protein HLA-A*11:01 and the glioblastoma cell line U87-MG. MLN4924 indirectly inactivates the cullin-RING ligases (CRLs), a large family of E3 ubiquitin ligases responsible for targeting numerous substrates for degradation by the ubiquitin-proteasome system. MLN4924 treatment prevented cell division and altered the transcriptome of HeLa cells in a predictable manner. However, MLN4924 treatment did not alter the cell-surface levels of MHC class I proteins. An analysis of the immunopeptidome and the source proteins, which yielded peptides for presentation, revealed some unexpected findings. Greater than 50% of the peptides presented, and more than two-thirds of the source proteins from which peptides were derived, remained unaltered after MLN4924 treatment. Furthermore, alterations to the transcriptome could not predict the observed changes to the immunopeptidome. Of the approximately 100 CRL substrates that were presented by HLA-A*11:01, most were presented independent of MLN4924 treatment. Alternative degradation pathways and the presence of intron sequences in the specific mRNA transcripts may help explain how these proteins yield peptides for Ag presentation. In summary, MLN4924 treatment only partially affects the immunopeptidomic profile, suggesting it could be used in combinatorial cancer immunotherapies.

Journal of immunology (Baltimore, Md. : 1950)2026Yari Hooman, Divilov Konstantin et al.
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The ENL-USP7 complex regulates HIV latency through BRD4 protein stabilization.

HIV persistence in CD4+ T cells and brain microglia is maintained by host mechanisms that enforce viral latency. We identify ENL and the deubiquitinase USP7 as a host complex that sustains HIV latency. Pharmacologic inhibition or genetic loss of ENL reactivated latent HIV. Proteomic analyses revealed an ENL-USP7-BRD4 regulatory axis associated with latency maintenance, where USP7 maintained BRD4 protein stability. Targeted USP7 degradation using PROTAC induced latency reversal and destabilized BRD4. Chromatin immunoprecipitation studies showed that ENL was required for USP7 and BRD4 occupancy at the HIV nuc-1 region but not at the 5' long terminal repeat. Single-nucleus RNA sequencing further implicated this pathway in HIV persistence within the central nervous system. Importantly, degradation of either ENL or USP7 reactivated latent HIV in resting CD4+ T cells and brain microglia from individuals receiving antiretroviral therapy. These findings identify the ENL-USP7-BRD4 axis as a therapeutically actionable mechanism sustaining HIV latency and viral reservoirs.

Cell reports2026Ahmed Waqas, Li Xiaoyi et al.
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A tissue-informed blood proteomic signature of eosinophilic gastritis activity.

The Journal of allergy and clinical immunology2026Ahye Molly, Sato Hironori et al.
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'Candidatus Liberibacter asiaticus' secretory protein SDE5640 activates host autophagy dependent on PSMD10 to mediate PBA1 degradation.

The ubiquitin proteasome system (UPS) and autophagy cooperatively orchestrate plant immune homeostasis, while diverse phytopathogens deploy secreted effectors to disrupt their crosstalk for successful colonization. Proteaphagy, the autophagic turnover of intact 26S proteasome holoenzymes, is a conserved stress response co-opted by Pseudomonas syringae effector HopM1 to cripple host proteolysis. However, how the Huanglongbing (HLB) pathogen 'Candidatus Liberibacter asiaticus' (CLas) simultaneously manipulates UPS and autophagy to subvert citrus immunity remains largely uncharacterized. Here, we functionally characterize the secreted CLas effector SDE5640, which exacerbates HLB susceptibility in sweet orange (Citrus sinensis). SDE5640 directly binds the 19S proteasome chaperone CsPSMD10, whose homodimerization via Cys163/Cys190 disulfide bonds is required for immune suppression. CsPSMD10 overexpression enhances citrus susceptibility to CLas, whereas the dimerization-deficient CsPSMD10-C190S mutant confers robust HLB resistance. Mechanistically, CsPSMD10 targets CsATG8 isoforms for UPS-dependent degradation to restrain autophagic flux; SDE5640 competitively occupies the Ank2/Ank3 domains of CsPSMD10 to disrupt CsPSMD10-CsATG8c complexes, thereby stabilizing CsATG8c and triggering autophagy dependent on CsPSMD10. Moreover, SDE5640-induced autophagy drives selective autophagic degradation of the 20S proteasome catalytic subunit CsPBA1, which ultimately disrupts cellular proteasome activity and attenuates salicylic acid-mediated citrus immunity. Collectively, our findings identify a novel SDE5640-CsPSMD10-CsATG8c-CsPBA1 regulatory cascade, illustrating how a single CLas effector synchronously rewires the UPS-autophagy crosstalk to facilitate pathogen proliferation.

The Plant journal : for cell and molecular biology2026Mei Yalin, Deng Xinyi et al.
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KT-253, a highly potent and selective MDM2 protein degrader, eliminates malignant myelofibrosis stem/progenitor cells.

Approximately 96% of myelofibrosis (MF) patients express wild-type (WT) p53. MF hematopoietic stem/progenitor cells (HSPCs) overexpress MDM2 that degrades WTp53, thereby supporting MF HSPC survival. Although MDM2 small-molecule inhibitors (SMIs) are clinically effective, their benefit is compromised by an inability to sufficiently deplete MF HSPCs. KT-253 degrades MDM2 and overcomes the p53-dependent feedback loop that restores MDM2 levels observed with the use of MDM2 SMIs such as AMG-232. We evaluated the effects of KT-253 using MPN cell lines, primary MF CD34+ cells, and a mouse xenograft model. KT-253 activity was correlated with activation of the p53 pathway and upregulation of p53 downstream genes, including p21, NOXA, and PUMA in WTp53 UKE-1 cells but not p53 mutant cells. KT-253 treatment induced apoptosis of primary MF CD34+ cells at a tenfold lower concentration than AMG-232 and prevented the upregulation of MDM2 seen with AMG-232. Low doses of KT-253 reduced total MF colony and JAK2V617F+ colony numbers to a far greater extent than log-higher doses of AMG-232 (60% and 71% versus 20% and 10%, respectively). Mouse xenograft studies indicated that KT-253 more effectively depleted JAK2V617F+ MF marrow-repopulating cells. These findings support the further clinical evaluation of MDM2 degraders for the treatment of MF patients.

Leukemia2026Lu Min, Xia Lijuan 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