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Alcon has successfully completed its acquisition of Aerie Pharmaceuticals for approximately $930 million. This acquisition strengthens Alcon's position in the $20 billion global ophthalmic pharmaceutical market, enhancing its product offerings with Rocklatan and Rhopressa, and adding AR-15512, a Phase 3 dry eye candidate. The deal will leverage Alcon’s commercial capabilities and expand its research and development expertise, supporting future growth. Alcon aims to fully integrate Aerie into its operations, building on previous acquisitions to enhance its ophthalmic pharmaceutical portfolio.
Aerie Pharmaceuticals reported third quarter 2022 net revenues of $36.1 million from its glaucoma franchise, marking a 23% increase from $29.3 million in Q3 2021. Despite a net loss reduction of 32% to $26.8 million, the company continues to face challenges. Aerie's cash reserves stood at $172.5 million as of September 30, 2022, up from $139.8 million at year-end 2021. The pending acquisition by Alcon is expected to close in Q4 2022, with ongoing studies for AR-15512 aimed at supporting a potential New Drug Application by 2024.
Aerie Pharmaceuticals (NASDAQ: AERI) is hosting a KOL webinar on September 23, 2022, from 10:00 a.m. to 11:30 a.m. ET. Esteemed experts Dr. Laura Periman and Dr. John Sheppard will discuss Dry Eye Disease (DED) and treatment advancements, including Aerie's investigational drug AR-15512, currently in Phase 3 trials. The company focuses on innovative ophthalmic therapies for various eye diseases. Participants can register for the event for insights into the current landscape and emerging treatment options.
Alcon has announced a definitive merger agreement to acquire Aerie Pharmaceuticals for approximately $770 million. The transaction is expected to enhance Alcon's capabilities in the $20 billion global ophthalmic pharmaceutical segment by adding products like Rocklatan® and Rhopressa®. The acquisition is anticipated to be accretive to Alcon's core diluted EPS in 2024. Aerie's glaucoma franchise net product revenue is projected at $130-140 million for 2022, with the transaction expected to close in Q4 2022, pending shareholder and regulatory approvals.
Aerie Pharmaceuticals, Inc. (NASDAQ:AERI) announced the grant of 16,900 stock options to a new employee, vesting over four years. This incentive was approved outside of the stockholder-approved equity plan, in accordance with Nasdaq Listing Rule 5635(c)(4). The grant includes 25% vesting after one year and the remaining 75% vested monthly over the following three years. Aerie focuses on developing innovative ophthalmic therapies, with products like Rhopressa® and Rocklatan® for treating eye diseases.
Aerie Pharmaceuticals (NASDAQ: AERI) reported second quarter 2022 net revenues of $33.3 million from its glaucoma franchise, a 23% increase year-over-year. The net loss improved to $19.4 million from $38.7 million, while cash and equivalents reached $184.4 million. Aerie anticipates total glaucoma revenue guidance between $130 million and $140 million for 2022 and expects to achieve cash flow break-even by 2024. Upcoming events include the Phase 3 COMET-4 safety study initiation and the IND submission for AR-14034 in wet age-related macular degeneration.
Aerie Pharmaceuticals announced the dosing of the first participant in the Phase 3 COMET-3 study for its product candidate AR-15512, aimed at treating Dry Eye Disease (DED). This trial is the second of three in Aerie's registrational program and involves approximately 460 participants at 20 U.S. sites. The COMET-4 safety study is expected to begin in Q4 2022, with top-line results from the efficacy studies anticipated in the latter half of 2023, and a potential New Drug Application filing planned for 2024.
Aerie Pharmaceuticals (NASDAQ: AERI) will present its second quarter 2022 financial results on August 4, 2022, after market close. A live conference call is scheduled for 5:00 p.m. Eastern Time to discuss these results and provide an update on business activities. Aerie focuses on first-in-class ophthalmic therapies for various eye diseases, including open-angle glaucoma and diabetic macular edema, with products like Rocklatan® and Rhopressa® in its portfolio.
Aerie Pharmaceuticals (NASDAQ:AERI) has granted 16,900 stock options to a new employee, vesting over four years. This award, approved by independent directors, was made outside the company's stockholder-approved equity incentive plan, following Nasdaq Listing Rule 5635(c)(4). Aerie focuses on developing ophthalmic therapies for conditions like glaucoma and retinal diseases, with products such as Rhopressa® and Rocklatan®. The company emphasizes that this stock option award is material for the employee's hiring.
Aerie Pharmaceuticals, Inc. (NASDAQ: AERI) announced its participation in the Jefferies Healthcare Conference on June 10, 2022, at 10:30 a.m. ET in New York City. CEO Raj Kannan, CFO Peter Lang, and CMO Dr. Gary Sternberg will present. A webcast of the event will be available on Aerie's investor relations page. The company specializes in developing first-in-class ophthalmic therapies for conditions like glaucoma and dry eye. Their products include Rhopressa® and Rocklatan®, aimed at reducing intraocular pressure.
