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Kindred Biosciences, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 5, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Develops biologic treatments for dogs and cats and commercializes veterinary medicines for veterinarians through partners.

How Did They Make Money?

Distributors and other buyers pay for finished products when delivered. Partners pay for manufacturing work as it progresses, licensing services or milestones, and royalties tied to product sales; asset sales bring a one-time cash payment.

revenue

Who Were Their Customers?

Distributors buy products for resale to veterinarians, clinics and animal hospitals; licensing partners and other third parties work with the company on product development and manufacturing. The company plans to commercialize dog and cat biologics through partners and distributors.

Did Revenues Turn Into Profits?

No. It lost $21.8M in .

Operating income,
−47% of revenue
▼ −68% (Loss) vs (−$62.6M, −1470%)
Net income,
−52% of revenue
▼ −64% (Loss) vs (−$61.4M, −1442%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Revenue
▼ −91%
vs $39.6M in Q2 FY2020
Net income
▼ Now a loss
vs $24M in Q2 FY2020
  • Aug 30, 2021 Elanco completed its acquisition of KindredBio Shares were converted into a right to receive $9.25 in cash; trading was suspended.

Pipeline and sales strategy The earlier report described a mixed small-molecule and biologics pipeline for dogs, cats and horses, with a planned direct U.S. sales force. The latest report focuses on dog and cat biologics, stops most small-molecule development for those species, and relies more on commercial partners.

Who Did They Compete With?

Competes with Merck, Boehringer Ingelheim, Elanco Animal Health, Zoetis, Virbac Group, Ceva Animal Health, Dechra Pharmaceuticals, Zomedica, Scout Bio, and Anivive Lifesciences

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