Welcome to our dedicated page for Eyenovia news (Ticker: EYEN), a resource for investors and traders seeking the latest updates and insights on Eyenovia stock.
Eyenovia, Inc. (NASDAQ: EYEN) is a pioneering biopharmaceutical company specializing in the development and commercialization of next-generation topical eye treatments. Utilizing its proprietary Microdose Array Print (MAP) platform technology, Eyenovia is at the forefront of transforming ophthalmic care through precision-targeted ocular delivery systems.
The company’s flagship technology, branded as Optejet, aims to revolutionize the delivery of ophthalmic medications. This high-precision device offers a significant improvement over conventional eye droppers by ensuring better safety, tolerability, and patient compliance. The Optejet technology is designed to enhance the delivery success of both novel and existing pharmaceutical agents, making it a versatile tool for a wide range of eye conditions.
Eyenovia's current focus includes the commercialization of Mydcombi™ (a combination of tropicamide and phenylephrine ophthalmic spray) for mydriasis and the newly FDA-approved clobetasol propionate ophthalmic suspension 0.05% (APP13007) for post-operative inflammation and pain relief following ocular surgery. The company also boasts a promising pipeline, with late-stage development projects such as MicroPine for myopia progression and Apersure for presbyopia, both leveraging the Optejet delivery system.
Recent achievements highlight Eyenovia’s innovative prowess. The FDA's approval of clobetasol propionate ophthalmic suspension 0.05%, a first in over 15 years for new ophthalmic steroids, underscores the company’s commitment to bringing groundbreaking therapies to market. This novel formulation, which leverages Formosa Pharmaceuticals' APNT™ nanoparticle technology, has shown superior efficacy in reducing post-operative inflammation and pain, positioning it to capture a significant share of the $1.3 billion annual market for topical ophthalmic steroids.
Eyenovia's strategic collaborations further enhance its capabilities. The company has partnered with Arctic Vision for the development of MicroPine in China and South Korea, and with major players like Formosa Pharmaceuticals and AimMax Therapeutics to advance its product offerings. These collaborations reflect Eyenovia’s strategic approach to global market penetration and its commitment to addressing critical unmet needs in ophthalmic care.
The company continues to engage with the ophthalmic community through active participation in medical and commercial meetings such as ASCRS and Vision Source Exchange. These platforms allow Eyenovia to demonstrate its full suite of commercial products, including Mydcombi and Avenova, while establishing itself as the partner of choice for leading ophthalmic and optometric practices.
As Eyenovia progresses towards its commercialization goals, it remains focused on strategic alternatives to maximize shareholder value, including potential mergers, acquisitions, or partnerships. The company's commitment to innovative eye care solutions, patient-centric product development, and robust commercialization strategies positions it well for future growth and industry leadership.
For more detailed information, visit the Eyenovia corporate website or its investor relations page.
Eyenovia, Inc. (NASDAQ: EYEN), a clinical stage ophthalmic biopharmaceutical company, will present at the 22nd Annual H.C. Wainwright Global Investment Conference from September 14-16, 2020. The presentation will be delivered by Dr. Sean Ianchulev, CEO, and John Gandolfo, CFO, on September 15, 2020, from 2:30 to 2:50 PM ET. Eyenovia focuses on developing microdose array print (MAP™) therapeutics targeting presbyopia, myopia progression, and mydriasis. For more details, visit www.eyenovia.com.
Eyenovia, Inc. (NASDAQ: EYEN) announced the successful closing of an underwritten public offering of 3,333,334 shares at $3.60 per share, raising approximately $10.9 million in net proceeds. The funds will be utilized for the clinical development of product candidates, initial commercialization of MicroStat, and general corporate purposes. The offering was conducted under a shelf registration statement effective since February 12, 2019. William Blair & Company served as the book-running manager, with National Securities Corporation as the co-manager.
Eyenovia, Inc. (NASDAQ: EYEN) announced the pricing of a public offering of 3,333,334 shares at $3.60 each, expected to close on August 21, 2020. The offering could yield around $12 million in gross proceeds, intended for clinical development, MicroStat commercialization, and general corporate purposes. Underwriters have a 30-day option to purchase an additional 500,000 shares. This offering is made under an SEC shelf registration statement effective since February 2019.
Eyenovia, Inc. (NASDAQ: EYEN) announced plans to offer common stock in an underwritten public offering, with a potential 30-day option for the underwriter to purchase an additional 15% of the shares. The offering is contingent on market conditions, and there is no guarantee regarding its completion or terms. Proceeds will support clinical development of its therapeutics, initial commercialization of MicroStat, and general corporate needs. William Blair & Company acts as the sole book-running manager, and the offering will be conducted under an effective shelf registration statement.
Eyenovia, Inc. (NASDAQ: EYEN) announced its financial results for Q2 2020, reporting a net loss of approximately $5.0 million, or $(0.25) per share, which is an improvement from a net loss of $5.3 million, or $(0.44) per share in Q2 2019. Research and development expenses decreased by 18.3% to around $2.9 million. The company announced an exclusive licensing agreement with Arctic Vision to commercialize MicroPine and MicroLine in Greater China and South Korea, with potential payments of up to $45.75 million. Eyenovia plans to submit its New Drug Application for MicroStat by the end of 2020.
Eyenovia, Inc. (NASDAQ: EYEN) has resumed patient enrollment for its Phase III CHAPERONE study targeting progressive myopia in children, halted due to the COVID-19 pandemic. The study aims to determine the efficacy of MicroPine, an atropine ophthalmic solution, in reducing myopia progression among over 400 participants aged 3-12. The primary endpoint is a <0.5 D increase in refractive error over 36 months. The company has continued monitoring previously enrolled patients remotely, ensuring steady progress.
Eyenovia, Inc. (NASDAQ: EYEN) has adjourned its 2020 Annual Meeting of Stockholders originally set for June 11 to June 30, 2020, to be held virtually. This transition allows stockholders, as of April 15, 2020, to participate remotely. They can listen, vote, and submit questions via live webcast. Stockholders are reminded that previously distributed proxy materials remain valid for voting. The company emphasizes the importance of pre-voting and participation in the meeting, available on the virtual meeting site.
Eyenovia, Inc. (NASDAQ: EYEN) has announced the adjournment of its 2020 Annual Meeting of Stockholders from June 11 to June 30, 2020, due to COVID-19 safety concerns. The meeting will transition to a virtual-only format, allowing stockholders and their proxies to participate remotely. Details for remote communication will be provided in a future press release and on Eyenovia's website. The company focuses on microdose therapeutics for eye conditions, using its unique piezo-print delivery technology.
Eyenovia, Inc. (NASDAQ: EYEN) reported its financial results for Q1 2020, highlighting a net loss of approximately $5.5 million, or $(0.31) per share, an improvement from a net loss of $(0.50) per share in Q1 2019. The company successfully raised around $5.4 million through a private placement. R&D expenses decreased by 9.3% to $3.6 million. However, the initiation of MicroLine Phase III studies is delayed due to the COVID-19 pandemic.
Eyenovia aims to submit a New Drug Application for MicroStat this year and resume clinical trials as conditions allow.
Eyenovia, Inc. (NASDAQ: EYEN), a clinical-stage ophthalmic biopharmaceutical firm, is set to release its financial results for Q1 2020 on May 13, 2020, post-market close. Dr. Sean Ianchulev, CEO, alongside CFO John Gandolfo and VP Michael Rowe, will conduct a conference call at 4:45 PM ET to discuss the results. The call can be accessed by dialing 1-866-916-2921 (US) or 1-210-874-7771 (International), using conference code 4397339. The event will also be streamed live on Eyenovia's investor relations webpage and archived for one year.
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