EyePoint Pharmaceuticals, Inc. - EYPT STOCK NEWS

EyePoint Pharmaceuticals (NASDAQ: EYPT) has granted non-statutory stock options to six new employees as inducement awards. The grants, approved by the Compensation Committee on December 13, 2024, include options to purchase up to 54,600 shares of common stock at an exercise price of $7.46 per share. These options have a ten-year term and follow a four-year vesting schedule, with 25% vesting after the first year and the remainder vesting in equal monthly installments over the following three years. The awards were made outside the Company's 2023 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4).

EyePoint Pharmaceuticals (NASDAQ: EYPT) has initiated dosing in LUCIA, its second global Phase 3 clinical trial of DURAVYU for wet age-related macular degeneration (wet AMD) treatment. DURAVYU delivers vorolanib through the proprietary Durasert E™ platform for sustained intraocular delivery.

The LUCIA and LUGANO Phase 3 trials will each enroll approximately 400 patients globally, comparing a 2.7mg DURAVYU dose to aflibercept. DURAVYU will be administered every six months, starting at month two. The primary endpoint is the average change in best corrected visual acuity at weeks 52 and 56 versus baseline.

With over 240 global sites committed and strong patient interest, EyePoint expects topline data in 2026. These trials are notable as the first and only sustained release wet AMD pivotal program evaluating re-dosing in both studies.

EyePoint Pharmaceuticals (NASDAQ: EYPT) has granted non-statutory stock options to four new employees as inducement awards. The grants, approved by the Compensation Committee, include options to purchase up to 23,600 shares at an exercise price of $9.17 per share, based on the closing price on November 15, 2024. The options have a ten-year term and vest over four years, with 25% vesting on the first anniversary and the remainder vesting in equal monthly installments over the following three years, subject to continued employment.

EyePoint Pharmaceuticals reported Q3 2024 financial results and corporate updates. Key highlights include positive interim data for DURAVYU 2.7mg in DME showing +8.9 letters BCVA improvement and -68 microns CST reduction at 16 weeks. The company initiated Phase 3 LUGANO trial for wet AMD and completed a $161M equity financing. Q3 revenue was $10.5M, down from $15.2M in Q3 2023. Net loss increased to $29.4M ($0.54 per share) from $12.6M ($0.33 per share) year-over-year. Cash position stands at $253.8M, with runway extended into 2027 following the recent financing.

EyePoint Pharmaceuticals (NASDAQ: EYPT), a company focused on developing therapeutics for serious retinal diseases, has announced its participation in four upcoming investor conferences in November and December 2024. The company will participate in Guggenheim's Inaugural Healthcare Innovation Conference (Nov 11), UBS Global Healthcare Conference (Nov 13), Jefferies London Healthcare Conference (Nov 19), and BTIG 4th Annual Ophthalmology Day (Dec 2). Each event will feature either a fireside chat or corporate presentation format. Live webcasts and replays will be available through the Investors section of EyePoint's website.

EyePoint Pharmaceuticals (NASDAQ: EYPT) has successfully closed its upsized public offering of 14,636,363 shares of common stock at $11.00 per share, including the full exercise of underwriters' option for additional 1,909,090 shares. The offering generated gross proceeds of approximately $161.0 million. The company plans to use the proceeds to advance clinical development of DURAVYU™ for wet AMD and DME, support early-stage pipeline initiatives, and for general corporate purposes. J.P. Morgan, Citigroup, and Guggenheim Securities served as joint book running managers.

EyePoint Pharmaceuticals (NASDAQ: EYPT) has announced the pricing of an upsized public offering of 12,727,273 shares of common stock at $11.00 per share, expecting to raise approximately $140.0 million in gross proceeds. The company has granted underwriters a 30-day option to purchase up to an additional 1,909,090 shares. The offering is expected to close around October 31, 2024. The proceeds will be used to advance clinical development of DURAVYU™ for wet AMD and DME, support pipeline development initiatives, and general corporate purposes.

EyePoint Pharmaceuticals (NASDAQ: EYPT) has announced a proposed public offering of $100 million of common stock shares, with an additional 30-day option for underwriters to purchase up to $15 million of shares. The offering, managed by J.P. Morgan, Citigroup, and Guggenheim Securities, aims to fund the clinical development of DURAVYU™ for wet AMD and DME treatments, support pipeline development, and general corporate purposes. The offering will be conducted under a previously filed S-3 registration statement.

EyePoint Pharmaceuticals announced positive interim 16-week data from its Phase 2 VERONA clinical trial of DURAVYU™ for Diabetic Macular Edema (DME). The DURAVYU 2.7mg demonstrated significant improvements with a gain of +8.9 letters in best-corrected visual acuity (BCVA) and a 68-micron reduction in central subfield thickness (CST) compared to baseline. The treatment showed a favorable safety profile with no DURAVYU-related serious adverse events. Notably, 82% of eyes in the DURAVYU 2.7mg arm remained supplement-free versus 50% in the aflibercept control arm at 16 weeks. The company expects to report full topline results in Q1 2025.