Keros Therapeutics Announces $5 Million Share Repurchase Authorization
Keros Therapeutics announced that its Board of Directors approved a $5 million share repurchase program for the company's common stock, authorizing management to repurchase shares from time to time in the open market or by other means in accordance with securities laws. The authorization follows receipt of a $20 million development milestone payment under the elritercept license agreement with Takeda Pharmaceuticals, triggered by the dosing of the first patient in the ELRiSE MDS clinical trial.
Why it matters — A KROS watcher would care because the repurchase program signals the company has unlocked milestone revenue from its Takeda partnership and is returning capital to shareholders.