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Krystal Biotech Shares Fall Over 10% After Q2 Results Despite VYJUVEK Revenue Growth and Pipeline Progress
['Mike Clair']
International Business Times Australia
Dermatology candidate KB111 for Hailey-Hailey disease has begun enrolling patients in an open-label study, with interim results also targeted before year-end.
Research and development costs were $14.5 million, while selling, general and administrative expenses rose to $39.9 million, reflecting commercial expansion.
For the first six months of 2026, product revenue totaled $235.6 million and net income reached $110.7 million.
Krystal Biotech has built its platform around a proprietary herpes simplex virus type 1 vector that enables redosable gene delivery.
Upcoming milestones include the fourth-quarter data from the KB803 study, enrollment completion and later readouts from KB801, interim updates across respiratory and dermatology programs, and further international launches of VYJUVEK.