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) has appointed Fred Hassan, a distinguished industry leader, to its Board of Directors. This strategic move comes as the company prepares for the Phase 3 LUGANO trial of DURAVYU™ in wet age-related macular degeneration (AMD) and future commercialization. Hassan, former CEO of three global pharmaceutical companies, brings extensive biopharmaceutical experience to EyePoint.
Simultaneously, Anthony P. Adamis, M.D. and David Guyer, M.D. have resigned from the Board due to their transition to full-time roles at Merck & Co. The company acknowledges their contributions in shaping EyePoint's product development pipeline and clinical strategies.
EyePoint Pharmaceuticals (NASDAQ: EYPT), a company focused on developing innovative therapeutics for serious retinal diseases, has announced its participation in several upcoming investor conferences. These include:
- Morgan Stanley Annual Global Healthcare Conference (September 4, 2024)
- Baird Global Healthcare Conference (September 10, 2024)
- Cantor Global Healthcare Conference (September 18, 2024)
- UBS Virtual Ophthalmology Day (October 2, 2024)
The company will engage in various formats, including 1x1 investor meetings and fireside chats. Live webcasts and archived replays of the presentations will be available on the company's website.
EyePoint Pharmaceuticals (NASDAQ: EYPT) has granted non-statutory stock options to nine new employees as inducement awards outside its 2023 Long-Term Incentive Plan. The company, focused on developing therapeutics for serious retinal diseases, issued options to purchase up to 106,600 shares of common stock on August 15, 2024. These grants, approved by the Compensation Committee, have an exercise price of $8.20 per share, matching the closing price on the grant date. The options have a ten-year term and vest over four years, with 25% vesting on the first anniversary and the remainder in equal monthly installments over the following three years, subject to continued employment.
EyePoint Pharmaceuticals (NASDAQ: EYPT), a company focused on developing innovative therapeutics for serious retinal diseases, has announced its participation in the H.C. Wainwright 4th Annual Ophthalmology Virtual Conference. The event will take place on Thursday, August 15th, 2024.
Dr. Jay S. Duker, President and CEO of EyePoint, will present a Company Overview available on-demand from 7:00 a.m. ET. Additionally, he will participate in a panel discussion on 'The Evolving Therapeutic Landscape of AMD' at 9:00 a.m. ET.
Investors can access live webcasts and archived replays of both presentations through the Investors section of EyePoint's website. The replay will remain available for 90 days after the event.
EyePoint Pharmaceuticals (NASDAQ: EYPT) reported Q2 2024 financial results and corporate updates. Key highlights include:
1. Phase 3 LUGANO trial of DURAVYU™ for wet AMD on track for first patient dosing in 2024.
2. Positive 12-month data from Phase 2 DAVIO 2 trial of DURAVYU in wet AMD.
3. Phase 2 VERONA trial of DURAVYU in DME fully enrolled; topline data expected Q1 2025.
4. $280.2 million cash and investments as of June 30, 2024.
5. Q2 2024 total net revenue: $9.5 million.
6. Net loss: $30.8 million, or ($0.58) per share.
7. Cash runway through Phase 3 wet AMD topline data for DURAVYU in 2026.
EyePoint Pharmaceuticals (NASDAQ: EYPT) has granted non-statutory stock options to nine new employees as inducement awards outside its 2023 Long-Term Incentive Plan. The company, focused on developing therapeutics for serious retinal diseases, issued options to purchase up to 57,700 shares of common stock on July 15, 2024. These grants, approved by the Compensation Committee, have an exercise price of $10.54 per share, matching the closing price on the grant date. The options have a ten-year term and vest over four years, with 25% vesting on the first anniversary and the remainder in equal monthly installments over the following three years, subject to continued employment.
EyePoint Pharmaceuticals will highlight the clinical and regulatory progress of DURAVYU™ (vorolanib intravitreal insert) and pipeline innovations at their R&D Day on June 26, 2024. Key updates include the Phase 3 trial design for LUGANO and LUCIA pivotal trials in wet AMD scheduled for 2H 2024 following a positive FDA meeting, and positive twelve-month safety and efficacy data from the Phase 2 DAVIO 2 trial. DURAVYU shows promise as a six-month maintenance therapy with no serious adverse events reported. The VERONA Phase 2 trial in diabetic macular edema has completed enrollment. EyePoint aims to advance DURAVYU as a significant treatment for VEGF-mediated retinal diseases.
EyePoint Pharmaceuticals (NASDAQ: EYPT) announced it will host an R&D Day on June 26, 2024, from 8:00 a.m. to 9:30 a.m. ET.
The event will feature esteemed KOL speakers Dr. Carl D. Regillo and Dr. Yasha S. Modi, who will discuss the science behind DURAVYU™ (vorolanib intravitreal insert).
The agenda includes an overview of DURAVYU™, positive Phase 2 DAVIO 2 trial results in wet AMD, and Phase 3 trial plans.
A roundtable discussion will be moderated by EyePoint's President and CEO, Jay S. Duker, M.D.
Access to the live event and replay is available on the EyePoint website.
EyePoint Pharmaceuticals (NASDAQ: EYPT) announced the issuance of non-statutory stock options to five new employees as inducement awards under NASDAQ Listing Rule 5635(c)(4).
The grants, approved by the Compensation Committee, were made outside the 2023 Long-Term Incentive Plan.
A total of 25,000 shares of common stock were granted, with an exercise price of $9.38 per share, the closing price on June 14, 2024, the date of the grant.
The options vest over four years, with 25% vesting on the first anniversary of the grant date, and the remainder vesting monthly over the next three years, contingent on continued employment.
EyePoint Pharmaceuticals (NASDAQ: EYPT) announced that its President and CEO, Jay S. Duker, M.D., will present at the Goldman Sachs 45th Annual Global Healthcare Conference on June 12, 2024, at 3:20 p.m. ET. The presentation will be webcast live and available for replay for 90 days via EyePoint’s investor webpage. EyePoint is dedicated to developing and commercializing therapies for serious retinal diseases, aiming to enhance patient lives.
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