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About Alimera Sciences
Alimera Sciences (Nasdaq: ALIM) is a global pharmaceutical company dedicated to advancing retinal health through innovative ophthalmic treatments. Founded in 2003, Alimera specializes in the research, development, and commercialization of prescription therapies targeting diseases that affect the back of the eye, or retina, such as diabetic macular edema (DME) and non-infectious uveitis. These conditions often present significant challenges due to limited treatment options and the burden of frequent interventions, especially in aging populations.
Core Business and Product Portfolio
Alimera's flagship products, ILUVIEN and YUTIQ, exemplify its commitment to improving patient outcomes and reducing treatment burdens. Both products utilize advanced sustained-release drug delivery technologies, such as CONTINUOUS MICRODOSING™, to provide long-term therapeutic effects. ILUVIEN, a corticosteroid implant, is designed to treat DME and prevent relapse in recurrent non-infectious uveitis, while YUTIQ addresses chronic non-infectious uveitis affecting the posterior segment of the eye. These innovations enable patients to maintain better vision with fewer injections, enhancing their quality of life.
Global Reach and Market Presence
Headquartered in Atlanta, Georgia, Alimera operates globally, with a significant presence in Europe through its subsidiary, Alimera Sciences Limited, based in London. The company markets its products across the United States, Europe, and other international territories, leveraging a robust distribution network and strategic partnerships. This global footprint allows Alimera to address the needs of diverse patient populations and expand its market reach.
Commitment to Innovation and Unmet Needs
Alimera is deeply committed to addressing unmet needs in retinal health. By focusing on diseases that are insufficiently treated with existing therapies, the company aims to provide solutions that improve long-term visual outcomes. Its ongoing clinical research includes exploring new indications for its products, such as the prevention of visual acuity loss due to radiation retinopathy, further demonstrating its dedication to innovation and patient care.
Industry Position and Differentiation
Operating within the highly specialized field of ophthalmology, Alimera differentiates itself through its expertise in retinal health and its focus on sustained-release drug delivery systems. These technologies not only improve treatment efficacy but also reduce the frequency of interventions, addressing a critical pain point for both patients and healthcare providers. This strategic focus positions Alimera as a key player in the pharmaceutical sector, particularly in the retinal health market.
Future Prospects
With a strong pipeline of products and a commitment to expanding indications for its existing therapies, Alimera is well-positioned to continue addressing the evolving needs of retinal health. Its focus on innovation, combined with its global reach and dedication to patient-centric solutions, underscores its mission to be an invaluable partner to patients, physicians, and healthcare providers worldwide.
Alimera Sciences (Nasdaq: ALIM) presented new data at the American Society of Retina Specialists meeting, revealing significant reductions in treatment burden for Diabetic Macular Edema (DME) patients receiving ILUVIEN. Post-treatment, the percentage of patients needing one or fewer injections per year increased by 3.2 times. Additionally, the need for over four treatments per year decreased by 50%. The findings, shared by Dr. Victor Gonzalez, were derived from 83 eyes observed over two years, supporting Alimera's ongoing NEW DAY Study on ILUVIEN's long-term benefits.
Alimera Sciences (Nasdaq: ALIM) announces that CEO Rick Eiswirth will present at the 23rd Annual H.C. Wainwright Global Investment Conference from September 13-15, 2021. The corporate presentation will be available on September 13 at 7:00 AM ET. Additionally, David Holland, Chief Marketing Officer, and Philip Ashman, Chief Operating Officer, will be available for one-on-one meetings throughout the event. Interested investors can register to attend the conference via the provided link.
On August 24, 2021, Alimera Sciences (NASDAQ: ALIM) announced that its European subsidiary received pricing and reimbursement approval for ILUVIEN® for diabetic macular edema (DME) in Belgium, facilitated by its partner, Horus Pharma S.A.S. This approval marks a strategic expansion of ILUVIEN availability in Europe, aimed at enhancing growth in the Benelux region. ILUVIEN is a sustained-release intravitreal implant designed to treat vision impairment associated with chronic DME and prevent relapse in non-infectious uveitis.
Alimera Sciences reported a consolidated net revenue of $21.7 million for Q2 2021, a remarkable 117% increase from Q2 2020. The company's net income stood at $7.6 million, reversing a loss of $2.5 million last year. Notably, end user demand rose by 16% across key markets. The increase in revenues includes $11.0 million from a licensing agreement with Ocumension Therapeutics, significantly improving the company’s financial position. However, operating expenses increased to $12.9 million as spending normalized post-pandemic.
Alimera Sciences, Inc. (ALIM) announces a conference call on August 13, 2021, at 9:00 AM ET to discuss its Q2 2021 financial results and corporate developments. This call follows the release of financial results before market open on the same day. Participants are encouraged to pre-register for the call, with dial-in options available for those unable to register online.
The company specializes in developing prescription ophthalmic pharmaceuticals, focusing on retinal diseases that impact many aging individuals.
Alimera Sciences Europe Limited has partnered with Tanner Pharma UK Limited to launch a Named Patient Program for ILUVIEN®, focusing on treatment for diabetic macular edema (DME) and non-infectious posterior uveitis (NIU-PS). This program aims to provide access to ILUVIEN where it is not commercially available. ILUVIEN, designed for sustained release of fluocinolone acetonide for up to 36 months, is approved in several countries for DME.
The collaboration underscores Alimera's commitment to improving patient access to innovative ophthalmic therapies.
Alimera Sciences, a pharmaceutical company focused on ophthalmic pharmaceuticals, announced its participation in the Summer Solstice - Best Ideas from the Buy Side Conference from June 1-4, 2021. President and CEO Rick Eiswirth will present on June 2 at 10:30 am ET. The presentation will be available via live webcast.
This virtual conference showcases 35 top ideas from qualified institutional investors, focusing on companies with potential for alpha.
Alimera Sciences (NASDAQ: ALIM) has appointed Dr. David Dyer as chief retina specialist, enhancing its leadership team. Dr. Dyer brings significant experience from his practice in Kansas City and is expected to contribute valuable insights in retina care. His role aims to drive Alimera's vision of being a leader in retinal treatments, particularly focusing on the ILUVIEN product. Additionally, Dr. Dyer's involvement in the Phase 4 NEW DAY Study highlights Alimera's commitment to advancing treatment options. This expansion signals Alimera's intent to strengthen its market position and broaden its global reach.
Alimera Sciences (Nasdaq: ALIM) reported a 23% decline in consolidated net revenue for Q1 2021, totaling approximately $11.2 million. U.S. revenue fell 21% to $5.6 million, reflecting ongoing COVID-19 impacts on patient access. International sales also decreased by 25%. Despite a net loss of $(3.6 million), down from $(1.2 million) in Q1 2020, the company announced a $20 million deal with Ocumension Therapeutics, bolstering its cash position amidst challenges. Management remains optimistic about revenue recovery in Q2 2021.
Alimera Sciences, Inc. (Nasdaq: ALIM) will report its first quarter 2021 financial results on April 28, 2021, after market close. A conference call is scheduled for April 29 at 9:00 AM ET to discuss these results and corporate developments. Participants can pre-register for the call or join via provided dial-in numbers. The call will also be accessible through a live webcast and will have a replay available for 90 days. Alimera specializes in prescription ophthalmic pharmaceuticals targeting retinal diseases.
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