ANALYST COVERAGE

Yi Chen
H.C. Wainwright & Co.
Chris Howerton
Jefferies LLC
Francois Brisebois
Oppenheimer & Co.
Andreas Argyrides
Wedbush Securities

Kala Bio is followed by the analysts listed. Please note that any opinions, estimates or forecasts regarding Kala Bio's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Kala Bio or its management. Kala Bio does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.