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KNP-503 is an orally available small molecule inhibitor targeting SHP2 (Src homology region 2-containing protein tyrosine phosphatase 2), also known as protein tyrosine phosphatase non-receptor type 11. Developed by Kanaph Therapeutics, it is classified as an antineoplastic agent and is being investigated for the treatment of various cancers. The drug acts by antagonizing SHP2, a key signaling molecule involved in cell proliferation and survival pathways that are often dysregulated in cancer. As of the latest updates, KNP-503 remains in preclinical development for cancer indications[1][2].
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