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KalVista Pharmaceuticals, Inc.

kalvista.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 14, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 14, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Sells EKTERLY, an oral treatment for acute hereditary angioedema attacks, and develops other oral therapies for people with rare diseases.

Who Were Their Customers?

EKTERLY is for people with HAE. KalVista licensed commercialization in Japan to Kaken and in Latin America to Multicare, and planned internal sales and marketing teams in major European markets.

Did Revenues Turn Into Profits?

No. It lost $183.4M in FY2025.

Operating income, FY2025
−383% of revenue
▲ +34% (Loss) vs FY2024 (−$140.4M, −281%)
Net income, FY2025
−374% of revenue
▲ +45% (Loss) vs FY2024 (−$126.6M, −253%)
Free cash flow, FY2025
−312% of revenue
▲ +72% (Loss) vs FY2024 (−$89.3M, −179%)

How Were They Changing?

Since the FY2025 annual report
Latest quarter: Q1 FY2026, the three months to Mar 31, 2026
Revenue
Net income
▼ −55% (Loss)
vs −$51.8M in Q1 FY2025
  • Jun 11, 2026 Chiesi completed its acquisition of KalVista KalVista became a wholly owned subsidiary of Chiesi, and its shares ceased trading on Nasdaq.
  • Apr 29, 2026 Chiesi agreed to acquire KalVista The deal offered $27.00 per share in cash, subject to closing conditions.

From clinical development to an approved drug The older report described a clinical-stage portfolio of oral candidates for HAE and DME, including an HAE prevention candidate and an eye-disease program. The latest report describes EKTERLY as approved and launched for acute HAE attacks, while retaining research programs in HAE and Factor XIIa inhibitors.

Who Did They Compete With?

Competes with Takeda, CSL Behring, Pharming Group, BioCryst Pharmaceuticals, Pharvaris, Intellia Therapeutics, BioMarin Pharmaceutical, Astria Therapeutics, ADARx Pharmaceuticals, and Ionis Pharmaceuticals

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