Kiromic BioPharma Reaches Resolution with SEC Over Investigation

Kiromic BioPharma Settles SEC Investigation

Kiromic BioPharma, Inc. (OTCQB: KRBP) has announced a pivotal resolution to an ongoing investigation by the U.S. Securities and Exchange Commission (SEC). This investigation stemmed from the company's previous executive management failing to disclose crucial details related to clinical holds on its investigational new drug (IND) applications filed with the U.S. Food and Drug Administration (FDA). The IND applications in question related to two key therapies: ALEXIS-PRO-1 and ALEXIS-ISO-1, intended for cancer treatments.

Details of the Settlement

The settlement agreement signifies the end of the SEC's inquiries into Kiromic. Fortunately for the company, the SEC has opted not to impose any civil penalties, primarily due to Kiromic's proactive self-reporting, swift remediation measures, and overall cooperation during the investigation process. As a result, there are currently no ongoing obligations or requirements imposed by the settlement.

Advancements in Biotherapeutics

Kiromic BioPharma is at the forefront of innovation in the biotherapeutics landscape. The company is dedicated to developing advanced allogeneic cell therapy solutions. Utilizing the natural capabilities of Gamma Delta T-cells, Kiromic aims to target solid tumors, which is a significant area of focus in cancer treatment. Their approach represents a cutting-edge strategy that aligns with the evolving field of immuno-oncology.

Innovative Technology with DIAMOND

At the heart of Kiromic's developmental strategy is its proprietary DIAMOND artificial intelligence (AI) platform, specifically version 2.0. This sophisticated technology allows the company to identify and discover novel targets for immuno-oncology treatments. By harnessing the capabilities of AI, Kiromic is positioned to accelerate the research and development of effective therapies.

About Kiromic BioPharma

Headquartered in Houston, Texas, Kiromic BioPharma is a clinical-stage biotherapeutics company that is fully integrated into the therapeutic development process. Their commitment to employing advanced technologies and techniques in their research is a testament to their mission of addressing the challenges in cancer treatment. By tapping into the potential of Gamma Delta T-cells, Kiromic strives to make significant contributions to the medical community and provide innovative solutions to patients.

Connecting with Kiromic

For those interested in keeping up with Kiromic BioPharma, the company maintains an informative online presence. Interested parties can learn more about their advancements and therapeutic developments by visiting their official website and following them on social media platforms like Twitter and LinkedIn. This engagement allows stakeholders and potential investors to stay informed about the latest news and updates from Kiromic.

Frequently Asked Questions

What is the main outcome of Kiromic's settlement with the SEC?

The settlement resolved the SEC investigation without any civil penalties for Kiromic, acknowledging their cooperation and self-reporting.

What are the ALEXIS therapies developed by Kiromic?

ALEXIS-PRO-1 and ALEXIS-ISO-1 are investigational therapies targeting solid tumors, currently under development by Kiromic BioPharma.

How does DIAMOND AI platform contribute to Kiromic's research?

The DIAMOND AI platform helps Kiromic in discovering novel immuno-oncology targets, enhancing the speed and efficacy of therapeutic development.

Where is Kiromic BioPharma headquartered?

Kiromic BioPharma is based in Houston, Texas, where it conducts its clinical-stage biotherapeutics research.

Can investors learn more about Kiromic's updates?

Yes, they can visit Kiromic's official website and follow their social media accounts for the latest news and developments.

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