FibroGen became Kyntra Bio between February 2025 and October 2026
A sale, a reverse split, a new name, a bankruptcy abroad, a renegotiated financing and a listing notice, each from a dated filing. The company had 34 employees in the U.S. at December 31, 2025 and is based in San Francisco.
-
Feb 20, 2025
Agrees to sell its China business
FibroGen signed a share purchase agreement with AstraZeneca Treasury Limited to sell FibroGen International (Hong Kong), which held all its roxadustat assets in China and a 51.1% interest in Falikang. The business has been reported as discontinued operations since December 31, 2024.
10-Q, note 3 -
Jun 16, 2025
One-for-25 reverse stock split
Shares outstanding fell from about 101.1 million to about 4.0 million.
10-K, note 1 -
Aug 29, 2025
The China sale closes for $220.4 million
$85.0 million of enterprise value plus $135.4 million of net cash held in China. $210.4 million was paid at closing; $10.0 million was held back: $6.0 million, paid as $6.4 million with a $0.4 million net-cash adjustment on November 6, 2025, and $4.0 million on June 2, 2026.
10-Q, note 38-K, Nov 6, 20258-K, Jun 9 -
2025
Senior secured term loans repaid
The cash flow statement shows $75.0 million of repayments and $5.55 million of payoff premium and fees; the loss on debt extinguishments was $6.6 million.
10-K, cash flows -
Jan 7, 2026
Renamed Kyntra Bio
The common stock began trading as KYNB on January 8, 2026. The company said the new name reflects a sharpened focus on novel therapies in oncology and rare disease.
8-K, Jan 710-K, note 1 -
Apr 2, 2026
Nasdaq notice
Nasdaq told the company it no longer met the $50 million total assets and total revenue test of Listing Rule 5450(b)(3)(A), because the China revenue sits in discontinued operations. It also did not meet the equity or market-value alternatives.
8-K, Apr 9 -
Apr 16, 2026
FibroGen Europe files for bankruptcy
The subsidiary voluntarily filed for bankruptcy in Finland, and a Helsinki court declared it bankrupt on April 16, so Kyntra Bio deconsolidated it. That removed $19.2 million of TEKES loans, non-recourse to Kyntra Bio and settled, the company says, for about $0.1 million in June, and $12.5 million of non-controlling interest. It produced a $30.9 million gain, which the company says is not a strategic shift.
10-Q, note 28-K, Aug 31 -
Aug 31, 2026
Royalty financing renegotiated
The cap on payments under the royalty financing agreement with NQ Project Phoebus fell from $125 million to $65 million, and $42.6 million was paid upfront. In the same release the company said its cash runway is now expected into the fourth quarter of 2027, where on August 13 it had said into 2028.
8-K, Aug 31Release -
Sep 30, 2026
Nasdaq staff determines to delist
The staff letter said the company had not demonstrated compliance with Listing Rule 5450(b) by the September 29 deadline. A hearing has been requested, and the stock stays listed pending the Panel’s decision.
8-K, Oct 6