Krystal Biotech Inc. (NASDAQ:KRYS) Q3 2023 Earnings Conference Call November 6, 2023 8:30 AM ET

Company Participants

Meg Dodge - VP, Investor Relations & Corporate Communications

Krish Krishnan - Chairman & Chief Executive Officer

Suma Krishnan - President, Research & Development

Kathryn Romano - EVP & Chief Accounting Officer

Conference Call Participants

Robert Finke - Guggenheim Partners

Alec Stranahan - Bank of America Merrill Lynch

Ritu Baral - Cowen

Carly Kenselaar - Citigroup

Dae Gon Ha - Stifel

Tim Lugo - William Blair

Gavin Clark-Gartner - Evercore ISI

Operator

Thank you for standing by and welcome to the Krystal Biotech Third Quarter 2023 Earnings Conference Call. As a reminder today’s conference call is being recorded. I would now like to hand the conference over to your host Meg Dodge, Head of Investor Relations and Corporate Communications. Please begin.

Meg Dodge

Good morning and thank you all for joining today's call. Earlier we released our financial results for the third quarter of 2023. The press release is available on our website at krystalbio.com. Our earnings 8-K was filed earlier today and additionally we filed our 10-Q with the SEC. Joining me on the call are Krish Krishnan, Chairman and Chief Executive Officer; Suma Krishnan, President of Research and Development; and Kate Romano, Chief Accounting Officer.

I'd like to note that during this call we will be making a number of forward-looking statements about our future business plans, strategies, financial performances, and projections, product candidate development plans including statements about VYJUVEK. These forward-looking statements involve risks and uncertainties, any of which are beyond Krystal's control. Actual results could materially differ from these forward-looking statements as any and such risk can materially and adversely affect the business, results of operations, and trading price of Krystal's common stock. For a detailed description of applicable risks and uncertainties, we encourage you to view our SEC filings. The company does not undertake any obligation to publicly update its forward-looking statements including any financial projections provided today based on subsequent events or circumstances. With that I'd like to now turn the call over to Krish. Krish?

Krish Krishnan

Thank you Meg. Welcome to Krystal Biotech’s first ever earnings call. It's a bit of a coincidence that we're having our first earnings call when we have positive earnings but I want to be clear that this quarter's positive EPS is simply driven by the sale of the Priority Review Voucher in Q3. More importantly, we are having this call on the heels of EB Awareness Week. We thank the entire dystrophic epidermolysis bullosa community who worked tirelessly to improve outcomes for patients with this genetic disease. As we recognize the challenges that the patients and their families face every single day, our goal remains focused on helping as many DEB as possible. We know that this disease extends far beyond the skin and we're committed to continuing to work to treat this disease comprehensively. We will discuss our early initial efforts in treating DEB patients with lesions in the eye and those with squamous cell carcinoma of the skin later in this call.