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CALC
NASDAQ Life Sciences

CalciMedica Discontinues Phase 2 KOURAGE Trial for Auxora in AKI Due to Safety Concerns

Analysis by Wiseek AI
Sentiment info
Negative
Importance info
8
Price
$5.22
Mkt Cap
$73.776M
52W Low
$1.42
52W High
$7.2
Market data snapshot near publication time

Summary

CalciMedica announced the discontinuation of its Phase 2 KOURAGE clinical trial for Auxora in acute kidney injury (AKI) following an Independent Data Monitoring Committee recommendation due to a safety concern.


Key Events

  • Phase 2 Trial Discontinuation

    CalciMedica has discontinued its Phase 2 KOURAGE clinical trial evaluating Auxora in patients with Stage 2 or Stage 3 acute kidney injury (AKI) with associated acute hypoxemic respiratory failure (AHRF).

  • Safety Concern Identified

    The decision follows a recommendation from the trial's Independent Data Monitoring Committee (IDMC), which identified a safety concern warranting reevaluation of the study design, particularly patient enrollment criteria.

  • No Drug-Related Deaths Reported

    The company noted that no deaths in the trial were assessed as related to the study drug (Auxora or placebo), and no serious adverse events met criteria for expedited FDA reporting.

  • Future Plans for Auxora in AKI

    CalciMedica plans a comprehensive review of the unblinded clinical data to assess the impact of various factors on patient outcomes, which is expected to inform how future clinical evaluation of Auxora in AKI may proceed.


Analysis

CalciMedica's decision to discontinue its Phase 2 KOURAGE clinical trial for Auxora in acute kidney injury (AKI) is a significant setback for the company's lead product candidate in this indication. While the company notes no drug-related deaths or serious adverse events requiring expedited FDA reporting, the Independent Data Monitoring Committee's recommendation to reevaluate the study design due to a safety concern introduces substantial uncertainty and delays for Auxora's development in AKI. Investors should monitor the comprehensive review of unblinded data for insights into potential future trial modifications, as this program's viability in AKI is now in question. The company's other programs, including a pivotal trial for Auxora in acute pancreatitis and CM5480 for pulmonary arterial hypertension, become more critical following this development.

At the time of this filing, CALC was trading at $5.22 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $73.8M. The 52-week trading range was $1.42 to $7.20. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.

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CALC
May 12, 2026, 4:10 PM EDT
Filing Type: 10-Q
Importance Score:
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Price at Filing: $0.630
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Change: +$0.250 (+40%) info
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CALC
May 12, 2026, 7:16 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $0.590
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CALC
May 12, 2026, 7:00 AM EDT
Filing Type: 8-K
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8
Price at Filing: $0.6191
Real-time Price: $0.880 info
Change: +$0.2609 (+42%) info
Market Cap: $13.697M info
CALC
Mar 18, 2026, 4:30 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.7977
Real-time Price: $0.880 info
Change: +$0.0823 (+10%) info
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CALC
Mar 03, 2026, 4:54 PM EST
Filing Type: S-3
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Change: +$0.2857 (+48%) info
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CALC
Mar 03, 2026, 7:15 AM EST
Filing Type: 8-K
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9
Price at Filing: $0.507
Real-time Price: $0.880 info
Change: +$0.373 (+74%) info
Market Cap: $13.697M info
CALC
Jan 28, 2026, 7:06 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $5.22
Real-time Price: $0.880 info
Change: -$4.34 (-83%) info
Market Cap: $13.697M info