Welcome to our dedicated page for EyePoint Pharmaceuticals news (Ticker: EYPT), a resource for investors and traders seeking the latest updates and insights on EyePoint Pharmaceuticals stock.
EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT) is a clinical-stage biopharmaceutical company headquartered in Watertown, Massachusetts. The company is committed to developing and commercializing ophthalmic products aimed at treating serious retinal diseases. EyePoint leverages its proprietary Durasert® technology, a sustained intraocular drug delivery system, to create treatments that can provide continuous therapeutic effects for extended periods.
EyePoint Pharmaceuticals has made significant strides in the field of retinal disease treatments. Its lead product candidate, DURAVYU™ (previously known as EYP-1901), is an investigational treatment for VEGF-mediated retinal diseases. This product combines vorolanib, a selective tyrosine kinase inhibitor, with the Durasert® technology to offer sustained delivery and improved patient outcomes. DURAVYU™ is currently undergoing clinical trials for conditions such as wet age-related macular degeneration (wet AMD) and non-proliferative diabetic retinopathy (NPDR).
The company also has several other promising candidates in its pipeline, including EYP-2301, a TIE-2 agonist, and razuprotafib, formulated with Durasert® technology to potentially enhance treatment outcomes for serious retinal diseases.
EyePoint’s innovative approach extends beyond product development to strategic partnerships and collaborations. The company has secured exclusive licenses for vorolanib from Equinox Sciences for all ophthalmic uses outside of China, Macao, Hong Kong, and Taiwan. Additionally, EyePoint has FDA-approved products such as RETISERT® and YUTIQ® that are based on its proprietary drug delivery technology.
Financially, EyePoint Pharmaceuticals has shown a solid performance with total net revenue of $46.0 million for the year ended December 31, 2023, compared to $41.4 million for the previous year. This growth is driven primarily by revenues from royalties and collaborations. The company has also strengthened its financial position with $331.1 million in cash, cash equivalents, and marketable securities as of December 31, 2023.
EyePoint is dedicated to driving innovation in ophthalmology and improving the quality of life for patients with serious eye conditions. With a focus on advancing its robust pipeline through clinical development, EyePoint Pharmaceuticals continues to make headway in addressing unmet medical needs in retinal diseases.
EyePoint Pharmaceuticals (NASDAQ: EYPT) will host a conference call on November 13 at 12:00 P.M. ET to discuss interim data from its Phase 1 DAVIO trial of EYP-1901, aimed at treating wet AMD. The interim results will be presented by Dr. David Boyer during the AAO Retina Subspecialty Day. EYP-1901 is designed for sustained drug delivery through the company's proprietary Durasert technology, which may provide a twice-yearly treatment option for patients. The event will be accessible via phone and webcast on the company's website.
EyePoint Pharmaceuticals (NASDAQ: EYPT) reported its Q3 2021 financial results, highlighting a 49% increase in net product revenue, totaling $8.6 million compared to $5.8 million in the same quarter last year. The Company presented positive safety data from the Phase 1 DAVIO trial for EYP-1901 targeting wet AMD at the ASRS 2021 Annual Meeting. Operating expenses rose to $24.4 million, leading to a net loss of $16.7 million or ($0.58) per share. However, cash reserves improved to $119.7 million, supporting operations through 2022.
EyePoint Pharmaceuticals (NASDAQ: EYPT) has appointed Dr. Jay S. Duker as Chief Operating Officer, expanding his role from Chief Strategic Scientific Officer. Dr. Duker, who has been part of the EyePoint team since 2020, has extensive experience in retinal disease and entrepreneurship. His leadership aims to enhance EyePoint's development of next-generation ophthalmic therapeutics, including the promising EYP-1901 for wet AMD. The company is excited about his ability to lead clinical and product development as it strives to address significant eye disorders.
EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT) will host a conference call on November 3, 2021, at 8:30 a.m. ET to discuss its Q3 2021 financial results and recent business developments. This call is part of the company's commitment to improving therapeutics for serious eye disorders, utilizing its proprietary Durasert® technology. EyePoint's pipeline includes EYP-1901, targeting wet age-related macular degeneration, alongside its commercial products, YUTIQ® and DEXYCU®.
EyePoint Pharmaceuticals (NASDAQ: EYPT) announced positive interim safety data from its Phase 1 DAVIO clinical trial of EYP-1901 for wet age-related macular degeneration. The trial shows no serious ocular or systemic adverse events after 3 months, indicating a robust safety profile. Additionally, the ongoing YUTIQ® CALM registry study continues to gather real-world data on patients treated with fluocinolone acetonide intravitreal implant. EYP-1901 aims to offer a twice-yearly treatment solution for patients suffering from this retinal disease.
EyePoint Pharmaceuticals (NASDAQ: EYPT) announced the selection of a late-breaking abstract for the Phase 1 DAVIO trial of EYP-1901 in wet age-related macular degeneration (AMD) for presentation at the American Academy of Ophthalmology 2021 Annual Meeting, scheduled for November 12-15, 2021.
The presentation will feature topline data and is set for November 13, 2021, at 9:07 AM CST, presented by David S. Boyer MD. EYP-1901 aims to provide sustained delivery treatment via a single injection, with key endpoints including safety and visual acuity.
EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT) announced its senior management will present at four upcoming conferences. The presentations include:
- Ophthalmology Futures Euro Forums 2021 on September 8, 2021, featuring Jay Duker, M.D.
- H.C. Wainwright 23rd Annual Global Investor Conference on September 13, 2021.
- Cantor Fitzgerald Virtual Global Healthcare Conference on September 29, 2021.
- Benzinga Healthcare Small Cap Conference on September 30, 2021.
Recordings and webcasts will be available on their website.
EyePoint Pharmaceuticals (NASDAQ: EYPT) announced that CEO Nancy Lurker will present at the H.C. Wainwright Ophthalmology Virtual Conference on August 17, 2021. The presentation will be accessible for on-demand viewing starting at 9:00 a.m. ET on the company’s website, with a replay available for 90 days. EyePoint focuses on innovative therapeutics for serious eye disorders, leveraging its Durasert® technology. The company’s current portfolio includes YUTIQ® and DEXYCU®, targeting chronic non-infectious uveitis and postoperative inflammation, respectively.
EyePoint Pharmaceuticals (EYPT) reported a substantial 136% increase in net product revenues to $8.7 million for Q2 2021 compared to $3.7 million in Q2 2020. The company's Phase 1 DAVIO trial for EYP-1901, a treatment for wet AMD, has shown positive 30-day safety data, with no serious adverse events reported. Customer demand for DEXYCU and YUTIQ surged, with DEXYCU achieving a record of 10,900 units sold, a 404% increase year-over-year. However, operating expenses rose to $20 million, contributing to a net loss of $10 million for the quarter.
EyePoint Pharmaceuticals (NASDAQ: EYPT) has formed an Executive Scientific Advisory Board (SAB) chaired by Dr. Carl Regillo, a distinguished retinal surgeon. The SAB includes acclaimed members from prestigious institutions like Mayo Clinic and Duke University. This board aims to guide EyePoint's management in advancing its ocular product pipeline, notably the Phase 1 DAVIO trial for EYP-1901, a potential treatment for wet age-related macular degeneration. The board's collective expertise is expected to enhance the company's scientific strategy and improve patient outcomes.
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