Jasper completes Kira acquisition and backs combined company with $132 million private placement

Kira’s KP-301 was separately licensed to Mirador for $12 million upfront, while Jasper said the merger and financing extend cash runway into the second half of 2028 and support multiple clinical milestones.

Summary

Jasper Therapeutics said it completed its all-stock acquisition of Kira Pharmaceuticals and signed a private placement expected to raise about $132 million in gross proceeds, while Kira separately licensed KP-301 to Mirador Therapeutics for $12 million upfront plus potential development and sales milestones. Jasper said the combined company will remain listed on Nasdaq as JSPR and that cash at closing, including financing and out-licensing proceeds but excluding milestones, should fund operations into the second half of 2028. Mirador said KP-301, a potentially long-acting anti-C5a antibody, will initially be developed for ANCA-associated vasculitis, with Phase 1 planned by year-end 2026 and a Phase 2 study in the first half of 2027.

Terms & Concepts
  • ANCA-associated vasculitis: An autoimmune disease that inflames and damages small blood vessels.
  • PNH: Rare blood disorder causing red cell destruction
  • pre-BLA: Meeting before biologics approval filing