Kura Oncology Launches Caspian Therapeutics with $50 Million Financing to Advance Menin Inhibition as a Potential Disease-Modifying Approach for Diabetes– $50 million financing led by BVF Partners with participation from the T1D Fund, Invus, Montanova, Eli Lilly and Company, Kura Oncology, members of the Kura leadership team, and multiple, successful biotech entrepreneurs – – Preclinical studies with KO-7246 demonstrate selective expansion of pancreatic β cells, increased endogenous insulin production, and improved glycemic control across multiple models of Type 1 and Type 2 diabetes – – Preclinical data supporting KO-7246 selected for oral presentation at European Association for the Study of Diabetes (EASD) Annual Meeting on September 29, 2026 – – Separately financed subsidiary provides dedicated capital and leadership to advance KO-7246 through initial clinical proof of concept while Kura retains a substantial ownership stake in Caspian, representing approximately half of the company on a fully diluted basis, and remains focused on oncology – SAN DIEGO, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Kura Oncology, Inc. (Nasdaq: KURA, “Kura”), a biopharmaceutical company focused on precision medicines for the treatment of cancer, today announced the launch of Caspian Therapeutics, Inc. (“Caspian”), a separately financed company established to advance small-molecule menin inhibitors for diabetes and cardiometabolic diseases.
GlobeNewsWire9/9/2026Neutral