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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 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.
Glaukos Corporation (NYSE: GKOS) announced a significant milestone with 200 peer-reviewed publications on the efficacy and safety of iStent technologies. This achievement includes over 20,000 analyzed eyes across nearly 20 years, with 183 independent studies and 11 randomized controlled trials. Key outcomes show a mean intraocular pressure reduction of 31.1% at 6-12 months and reduced medication burden post-surgery. The Journal of Glaucoma recognized a study highlighting these findings, reinforcing Glaukos's commitment to innovation in glaucoma treatment.
Glaukos Corporation (NYSE: GKOS) reported a remarkable 147% increase in net sales for Q2 2021, reaching $78.1 million compared to $31.6 million in Q2 2020. Key drivers included glaucoma net sales of $62.7 million and corneal health sales of $15.4 million. The gross margin improved to 77%, while operating expenses rose to $74.6 million. The net loss was reduced to $17.5 million or ($0.38) per diluted share, an improvement from $39.9 million in the previous year. The company expects net sales for 2021 to be between $285 million and $290 million.
Glaukos Corporation (NYSE: GKOS) announced its participation in the American Society of Cataract and Refractive Surgery (ASCRS) Annual Meeting from July 23–27, 2021, in Las Vegas. The company will sponsor an educational symposium titled “Innovation & Transformation in Glaucoma Management” on July 23, 2021. The event will showcase important presentations on trabecular micro-bypass stents and corneal health, emphasizing Glaukos' commitment to glaucoma and corneal disorder treatments. The company aims to demonstrate its innovative technologies and engage with healthcare professionals throughout the event.
Glaukos Corporation (NYSE: GKOS) will announce its second quarter 2021 financial results on August 5, 2021, after market close. The management team will host a conference call and webcast at 1:30 p.m. PDT to discuss the results. Interested parties can access the live webcast via the company’s investor relations website and participate in the call by dialing the provided numbers and entering the conference ID. Glaukos specializes in innovative therapies for ocular conditions, including glaucoma and corneal disorders, having pioneered Micro-Invasive Glaucoma Surgery.
Glaukos Corporation (NYSE: GKOS) responded to the CMS 2022 Medicare Physician Fee Schedule Proposed Rule released on July 13, 2021. This rule updates reimbursement policies for cataract surgery combined with the insertion of an aqueous drainage device. Two new CPT codes (669X2 and 669X1) will replace existing codes, with Glaukos estimating the 2022 physician fee for 669X2 at approximately $565.23, an increase of $34.25 from the previous fee. The company expressed disappointment over these proposed fees and plans to engage with ophthalmic societies during the public comment period.
Glaukos Corporation (GKOS) has completed patient enrollment and randomization in its FDA Phase 3 clinical trials for the iDose® TR sustained-release travoprost implant. The two prospective trials involve 1,150 subjects across 89 sites, aiming to assess the safety and efficacy of the iDose TR compared to timolol for treating open-angle glaucoma. Successful trial results are expected to support NDA submission in 2022 and FDA approval in 2023, potentially enhancing patient adherence to glaucoma treatments.
Glaukos Corporation (NYSE: GKOS) has received regulatory approval from Australia's Therapeutic Goods Administration (TGA) for its PRESERFLO MicroShunt. This device is designed to reduce intraocular pressure in patients with primary open-angle glaucoma, providing an alternative to conventional surgeries. Glaukos plans to initiate commercial activities for the MicroShunt in late 2021, targeting a full launch by mid-2022, contingent on reimbursement. The company maintains exclusive commercialization rights for the MicroShunt across several key markets, including Australia and the Americas.
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