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Overview
Alimera Sciences (Nasdaq: ALIM) is a specialized pharmaceutical company devoted to the research, development, and commercialization of prescription ophthalmic pharmaceuticals. Focused on innovative treatments for retinal diseases, Alimera addresses significant clinical gaps in treating conditions that affect millions of individuals, particularly in aging populations.
Core Business and Product Technology
The company centers its efforts on diseases impacting the back of the eye, leveraging advanced sustained release technologies such as its CONTINUOUS MICRODOSING™ platform. With products that deliver sub-microgram levels of fluocinolone acetonide over extended durations, Alimera’s treatments help reduce injection frequency and aim to maintain patient vision longer. This approach not only reflects the firm’s commitment to precision drug delivery but also highlights its role in solving a critical unmet need within the ophthalmology sector.
Market Position and Specialization
Operating in a highly specialized niche, Alimera Sciences is well-regarded among retina specialists due to its focused portfolio designed to treat both early- and late-stage retinal diseases. The company serves a global market with a dual focus: in the United States, it addresses conditions such as diabetic macular edema and uveitis with its various approved indications, while in Europe, through its London-based subsidiary, it caters to patients with limited treatment options. This clear segmentation underscores Alimera's expertise in managing complex retinal conditions.
Clinical Research and Development
Alimera's robust research and development efforts are integral to its business model. The company pursues evidence-based strategies through clinical trials and scientific programs that aim to validate the efficacy and safety of its ophthalmic products. By engaging with networks such as the DRCR Retina Network and participating in prominent conferences, Alimera reinforces its commitment to advancing clinical knowledge in ophthalmology and to addressing complications like radiation retinopathy.
Global Operations and Strategic Impact
With international operations that ensure outreach to diverse markets, Alimera Sciences integrates clinical insights and patient needs into a comprehensive global strategy. Its operational model supports ranging therapeutic indications and demonstrates adaptability across regulatory landscapes, reinforcing its steadiness in a competitive industry. The company's expertise in sustained drug delivery not only bolsters its clinical credibility but also positions it as an essential resource for both physicians and patients seeking improved retinal health outcomes.
Commitment to Excellence
Alimera Sciences exemplifies dedication to clinical excellence and innovation. The company’s focus on retinal health through cutting-edge technology, combined with a patient-centric approach, underpins its reputation in the pharmaceutical industry. Whether targeting non-infectious uveitis or conditions secondary to diabetic complications, Alimera’s balanced approach between clinical research and market application demonstrates its enduring commitment to delivering advanced ophthalmic therapies.
Alimera Sciences (NASDAQ: ALIM) has announced an exclusive license agreement with Ocumension Therapeutics for its ILUVIEN® product, aimed at treating diabetic macular edema. The deal includes a $10 million upfront payment and potential milestones of up to $89 million, strengthening Alimera's financial position. Ocumension also made a $10 million equity investment in Alimera, purchasing 1,144,945 shares at $8.73 each. This partnership enhances Alimera's geographic reach in Asia, where diabetes treatment needs are rising.
Alimera Sciences (Nasdaq: ALIM) announced that Rick Eiswirth, President and CEO, will present at the Zooming with LD Micro virtual conference on April 15, 2021, at 11:00 AM ET. The event will include a live Q&A session and offers registered investors opportunities for one-on-one meetings. Alimera focuses on developing prescription ophthalmic treatments for retinal diseases, addressing significant unmet medical needs in aging populations. For more details, visit www.alimerasciences.com.
Alimera Sciences (Nasdaq: ALIM) announced that its President and CEO, Rick Eiswirth, will present at the Benzinga Biotech Small Cap Conference on March 25, 2021, at 12:00 pm ET. The conference will take place from March 24-25, 2021. Investors can view Eiswirth's presentation after registration and request a 1x1 meeting. Alimera is focused on the development of ophthalmic pharmaceuticals for retinal diseases, addressing a significant need in an aging population. For more information, visit www.alimerasciences.com.
Alimera Sciences (Nasdaq: ALIM) announced significant progress in its global expansion strategy with ILUVIEN pricing published in Denmark and Luxembourg. The company received reimbursement approval for the prevention of relapse in non-infectious uveitis from Ireland's largest private health insurers, covering approximately 50% of the country’s covered lives. Despite challenges posed by the COVID-19 pandemic, Alimera reports a consistent positive reception from healthcare professionals regarding ILUVIEN's impact on patients.
Alimera Sciences, a pharmaceutical firm focusing on ophthalmology, announced that President and CEO Rick Eiswirth will present at the Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. Investors can view his presentation on March 17 after registering for the conference. An archived replay will also be accessible on the conference website. Alimera is dedicated to addressing retinal diseases, which often lack effective treatments and significantly impact aging populations. For more information, visit www.alimerasciences.com.
Alimera Sciences (Nasdaq: ALIM) announces that its President and CEO, Rick Eiswirth, will present at the H.C. Wainwright Global Life Sciences Conference on March 9-10, 2021. The presentation will be available on-demand from March 9 at 7:00 am ET for 90 days. Investors can register for the conference to view the presentation and request one-on-one meetings with Mr. Eiswirth. Alimera focuses on developing prescription ophthalmology treatments for retinal diseases, addressing significant unmet needs in this area.
Alimera Sciences, Inc. (Nasdaq: ALIM) reported its financial results for Q4 and FY 2020, revealing consolidated net revenue of $13.8 million for Q4, a 10% increase from Q3 but a 20% decline from Q4 2019. The annual net revenue totaled $50.8 million, reflecting a 6% decrease from 2019. Net losses were $(1.0) million for Q4 and $(5.3) million for the year, compared to $0.5 million income and $(10.4) million loss in 2019, respectively. Adjusted EBITDA was $1.1 million for Q4, down from $2.6 million in Q4 2019, while international net revenue increased by 20% compared to 2019.
Alimera Sciences (NASDAQ: ALIM) has expanded the availability of its ILUVIEN therapy to Finland for treating diabetic macular edema (DME) and non-infectious posterior uveitis (NIPU). This launch marks a strategic step in Alimera's mission to provide long-term treatment solutions, now available in 13 countries. ILUVIEN offers sustained release for up to three years, contrasting with traditional short-term therapies requiring frequent injections. The therapy aims to improve vision while minimizing recurrence and treatment frequency.
Alimera Sciences, Inc. is set to report its fourth quarter and full year 2020 financial results on February 24, 2021, after the market closes. A conference call will take place on February 25, 2021, at 9:00 AM ET, to discuss the financial results and corporate developments. Participants can pre-register for the call or join via dial-in options. A replay will be available for those unable to attend the live session. Alimera focuses on prescription ophthalmic pharmaceuticals for retinal diseases, addressing significant unmet medical needs.
Alimera Sciences, a leader in ophthalmology treatments, announced CEO Rick Eiswirth will present at the Microcap Rodeo Winter Wonderland Conference from February 16-19, 2021. The live presentation is scheduled for February 16, 2021, at 1:00 PM ET and will include a Q&A session. After the live event, the presentation will be available on-demand. Additionally, one-on-one meetings will take place on February 18 and 19, 2021. Alimera focuses on developing treatments for retinal diseases, addressing unmet needs in an aging population.
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