KaloBios Adds $35M in Debt, Equity for Asthma, CF Trials

Debt financing of up to $15 million, plus a Series E preferred stock financing closed in the second quarter, will help KaloBios Pharmaceuticals Inc., of South San Francisco, advance its monoclonal antibody therapeutics through Phase II trials in asthma and cystic fibrosis, as well as fund a Phase I trial in cancer.