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Glaukos Corporation (NYSE: GKOS) is a prominent ophthalmic medical technology company specializing in breakthrough products and procedures aimed at transforming the treatment of glaucoma. As one of the leading causes of blindness globally, glaucoma demands innovative solutions, and Glaukos has pioneered micro-invasive glaucoma surgery (MIGS) to revolutionize traditional management paradigms.
The company's flagship product, the iStent Trabecular Micro-Bypass Stent, launched in the United States in 2012, is celebrated for being the smallest medical device ever approved by the FDA, measuring a mere 1.0 mm long and 0.33 mm wide. This device is designed to reduce intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma when used in conjunction with cataract surgery.
Building on the success of the iStent, Glaukos is developing a comprehensive and proprietary portfolio of injectable micro-scale therapies targeting the entire spectrum of glaucoma disease states and progression. The pipeline includes the iStent SA Trabecular Micro-Bypass System, a two-stent product with a different auto-injection inserter for standalone procedures.
In June 2015, Glaukos successfully completed its initial public offering, and its shares are now publicly traded on the New York Stock Exchange. The company continues to innovate and expand its product offerings, maintaining its position as a leader in the ophthalmic medical technology field.
- Recent achievements include the expansion of their product pipeline and the ongoing development of next-generation MIGS devices.
- Current projects focus on enhancing the efficacy and accessibility of glaucoma treatments worldwide.
- Partnerships with leading ophthalmic institutions and research organizations fuel Glaukos' mission to improve patient outcomes.
Glaukos Corporation remains committed to transforming glaucoma treatment through technological innovation and strategic growth.
Glaukos Corporation (NYSE: GKOS) announced the retirement of Chairman William J. Link, effective December 31, 2021, after two decades of service. Thomas W. Burns, President and CEO, will succeed him as Chairman. The board also appointed Mark J. Foley as lead independent director. The company expressed gratitude for Link's contributions and confidence in Burns' leadership for future growth and innovation in treating chronic eye diseases.
Glaukos Corporation (NYSE: GKOS), a leader in ophthalmic medical technology, announced its management's participation in key investor conferences. Highlights include a pre-recorded presentation at the Piper Sandler Annual Healthcare Conference available from November 22, 2021, along with one-on-one meetings on December 1, 2021. Additionally, Glaukos will feature at the Stephens Annual Investment Conference on November 29, 2021. Interested parties can access live and archived webcasts in the Investors section of the Glaukos website.
Glaukos Corporation (NYSE: GKOS) announced its participation in the American Academy of Ophthalmology (AAO) annual meeting from November 12-15, 2021, in New Orleans, Louisiana. Their technologies will be featured in various scientific programs, highlighting significant presentations on glaucoma and corneal health. Key topics include patient outcomes from different glaucoma surgeries and long-term effectiveness of corneal treatments. Glaukos will also exhibit at booth #4015, showcasing its innovations in ophthalmic medical technology.
Glaukos Corporation (GKOS) reported a 15% increase in net sales for Q3 2021, reaching $74.7 million, up from $64.8 million in Q3 2020. Key segments included glaucoma sales of $58.5 million and corneal health sales of $16.2 million. The gross margin was approximately 79%, and operating expenses totaled $48.3 million. Net income for the quarter was $6.2 million, or $0.13 per diluted share, compared to a net loss of $15.7 million in the prior year. The company anticipates full-year net sales between $285 million to $290 million.
Glaukos Corporation (NYSE: GKOS) will announce its third quarter 2021 financial results after market close on November 4, 2021. A conference call and webcast will follow at 1:30 p.m. PDT. Investors can access the live webcast via the company's website. The company specializes in innovative treatments for glaucoma, corneal disorders, and retinal diseases, including the pioneering Micro-Invasive Glaucoma Surgery (MIGS) and its iStent® devices.
Glaukos Corporation (NYSE: GKOS) announced its participation in the European Society of Cataract and Refractive Surgeons (ESCRS) Annual Meeting from October 8-11, 2021, in Amsterdam. The company will showcase its technologies through key presentations and educational symposiums on glaucoma and corneal health. Notable research includes the impact of the iStent inject in glaucoma surgeries, and customized corneal cross-linking for keratoconus. Glaukos aims to highlight its innovations in minimally invasive surgical options to improve patient care in ophthalmology.
Glaukos Corporation (NYSE: GKOS) has entered a licensing agreement with Attillaps Holdings, granting Glaukos an exclusive, global license to develop and commercialize Attillaps' investigational compounds targeting Demodex mites, which cause Demodex blepharitis and related ophthalmic diseases. This agreement enhances Glaukos' Corneal Health franchise and aims to address unmet medical needs in ophthalmology. Attillaps' lead compounds have shown promising preclinical results, although financial terms were not disclosed.
Glaukos Corporation (NYSE: GKOS) announced a settlement with Ivantis, Inc. regarding a patent infringement lawsuit initiated on April 14, 2018. As part of the agreement, Ivantis will pay Glaukos
Glaukos Corporation (NYSE: GKOS) has submitted a supplemental pre-market approval application to the FDA for its investigational device, the iStent infinite™ Trabecular Micro-Bypass System. This device aims to reduce intraocular pressure in patients with open-angle glaucoma who have not responded to prior treatments. The pivotal trial demonstrated a favorable safety profile, with 76% of participants achieving a 20% or greater reduction in pressure after 12 months. The announcement highlights Glaukos' commitment to advancing innovative solutions in glaucoma treatment.
Glaukos Corporation (NYSE: GKOS), an ophthalmic medical technology company, will participate virtually in the Wells Fargo Healthcare Conference on Thursday, September 9, 2021, at 2:40 p.m. ET. The company focuses on innovative therapies for treating glaucoma and other eye disorders, including corneal and retinal diseases. The event will be accessible via webcast on Glaukos' Investor Relations website. Glaukos has pioneered Micro-Invasive Glaucoma Surgery (MIGS) and continues to develop its portfolio of surgical and pharmaceutical therapies.
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