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8-K ·Filed Oct 15, 2026

KRYS

Krystal Biotech, Inc.
BULLISH
Impact 6/10
Horizonmonths Processed12d 15h ago SEC0001711279-26-000064
8-K context-dependent: Items 7.01
Actionable Insight ▲ Bullish

Watch for FDA alignment update on KB113's clinical development plan, which could define the pivotal trial path and timeline for this new dermatology program. The abscopal effect data and histologically confirmed complete responses de-risk the mechanism, but the small sample size (n=3) warrants caution until larger studies confirm durability.

DirectionBullish
Confidencehigh
Horizonmonths
Latest settled — T+5d
KRYS ▼ -2.99% at T+5d
LONG call ✗ call lost -2.99% · α vs SPY -1.98% · entry $330.00 → $320.13
Next anchor: T+20d in 15d
Latest observation: T+6 -7.73% FF3 residual α
Entry = T+0 close
Oct 15, 2026
via day close
T+1d
-4.07%
call -4.07% · α -2.96%
$316.58
settled 12d ago
T+5d
-2.99%
call -2.99% · α -1.98%
$320.13
settled 6d ago
T+20d
Pending
in 15d
T+60d
Pending
in 3mo

Price Chart

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Executive Summary

Krystal Biotech announced positive proof-of-concept clinical data for KB113, an intratumoral immunotherapy for basal cell carcinomas in Gorlin syndrome patients. Over 80% of assessed lesions regressed, with evidence of an abscopal effect and histologically confirmed complete responses in all three patients. The company has initiated FDA discussions to advance the program.

Key Facts

  • Over 80% (69/83) of assessed landmark lesions regressed across three Gorlin syndrome patients treated with KB113
  • 50.6% (42/83) of lesions demonstrated >50% clinical regression; 9.6% (8/83) showed ≥90% regression
  • All three biopsied injected lesions with ≥90% regression showed histologically confirmed complete response
  • Substantial regression observed in non-injected lesions, consistent with an abscopal effect
  • All 22 reported adverse events were mild or moderate, transient, and resolved; no serious adverse events
  • Company has initiated discussions with FDA regarding advanced clinical development of KB113
  • Estimated US Gorlin syndrome prevalence could exceed 10,000 patients

Financial Impact

No financial data provided; early-stage clinical program with no revenue impact disclosed

Risk Factors

  • Small sample size (n=3) — early pilot data may not predict later-stage results
  • KB113 is investigational; safety and efficacy not yet established by FDA
  • Regulatory pathway and timeline for Gorlin syndrome program are undefined pending FDA discussions

Investment Themes

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001711279-26-000064
Document: krystalgorlinprogramdataup.htm0001711279-26-000064
Document: pedra2026gorlinfinaltopr.htm0001711279-26-000064
Document: 0001711279-26-000064-index-headers.html0001711279-26-000064
Document: 0001711279-26-000064-index.html0001711279-26-000064
Document: 0001711279-26-000064.txt0001711279-26-000064
15 reports for KRYS
Performance horizon
100% Hit rate @ T+20 3 of 3 directional calls Went positive at some point 3 of 3 best @ T+60▲ +26.60%May 4, 2026
Filters
Rows
Reports for KRYS — sortable, filterable
TypeNow
Oct 27, 2026
today
Institutional Cluster
BULLISH ★ 4/10
$311.52awaiting T+20—$320.58 (+2.91%)
Oct 27, 2026
today
SC 13G/A
NEUTRAL ★ 3/10
$311.52awaiting T+20—$320.58 (+2.91%)
Oct 22, 2026
5d ago
Press Release
NEUTRAL ★ 1/10
$320.13awaiting T+20—$320.58 (+0.14%)
Oct 21, 2026
6d ago
Institutional Cluster
NEUTRAL ★ 3/10
$320.13awaiting T+20—$320.58 (+0.14%)
Oct 15, 2026
12d ago
8-K
BULLISH ★ 6/10
$330.00awaiting T+20—$320.58 (−2.85%)
Sep 4, 2026
7w ago
Insider Cluster
BEARISH ★ 5/10
$351.26 $326.81▲ +6.96%▲ +8.67%$320.58 (+8.73%)
Aug 14, 2026
10w ago
144
NEUTRAL ★ 2/10
$335.73 $336.68▲ +0.28%▲ +2.26%$320.58 (−4.51%)
Aug 3, 2026
12w ago
8-K
BULLISH ★ 6/10
$312.57 $359.36▲ +14.97%▲ +13.73%$320.58 (+2.56%)
Jul 23, 2026
13w ago
Press Release
NEUTRAL ★ 1/10
$335.19 $346.58▲ +3.40%▼ −0.23%$320.58 (−4.36%)
Jun 5, 2026
20w ago
Insider Cluster
NEUTRAL ★ 2/10
$301.76 $374.68▲ +24.16%▲ +22.53%$320.58 (+6.24%)
Showing 10 of 15

US Market Status

Market Closed — Opens Thu (11h 5m)

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Report published Oct 15, 2026