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OKYO Pharma Limited Ordinary Shares - OKYO STOCK NEWS

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OKYO Pharma Limited (NASDAQ: OKYO) is a clinical-stage biopharmaceutical company dedicated to developing groundbreaking therapies for inflammatory eye diseases and chronic pain conditions. The company is at the forefront of creating innovative treatments for Dry Eye Disease (DED) and Neuropathic Corneal Pain (NCP), both of which represent significant unmet medical needs in the ophthalmology sector.

One of OKYO Pharma's hallmark achievements is its development of the OK-101 ophthalmic solution. This drug candidate has shown promising results in pre-clinical studies, demonstrating dual-action anti-inflammatory and neuropathic corneal pain-reducing activities. The ongoing Phase 2 clinical trials are aimed at establishing the safety and efficacy of OK-101 in treating DED and NCP. Notably, these trials have successfully completed patient enrollment, with top-line results expected soon.

OKYO Pharma's approach leverages a unique membrane-anchored-peptide technology to ensure the prolonged presence of the drug in the ocular environment, thereby enhancing its therapeutic impact. In recent studies, OK-101 has exhibited statistically significant improvements in multiple dry eye-related symptoms, including stinging, burning, and blurred vision, as well as a notable reduction in conjunctival staining. These promising outcomes pave the way for future Phase 3 registration trials.

Financially, OKYO Pharma is well-positioned, with its ordinary shares listed on the NASDAQ Capital Market. The company continues to forge strategic partnerships and collaborations to bolster its research and development efforts. With a robust pipeline and a commitment to addressing the complex biology of eye diseases, OKYO Pharma stands as a pioneering entity in the biopharmaceutical landscape.

The latest developments include positive safety and efficacy results from the Phase 2 trials of OK-101, and the recent FDA clearance for OK-101's Investigational New Drug (IND) application for treating NCP. These milestones underscore the potential of OKYO Pharma's innovative solutions to significantly improve patient outcomes.

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OKYO Pharma announces pricing of registered direct offering
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OKYO Pharma withdraws proposed public offering of ordinary shares and terminates underwriter due to changing market conditions.
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OKYO Pharma announces intention to sell ordinary shares in underwritten public offering
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OKYO Pharma completes full enrollment of patients in Phase 2 trial of OK-101 to treat dry eye disease (DED)
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OKYO Pharma enrolls 90% of patients in Phase 2 trial for DED drug OK-101, expects full enrollment by September and top-line data by end of 2023
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OKYO Pharma regains compliance with Nasdaq minimum market value requirement
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OKYO Pharma (OKYO) announces financial results for the twelve months ended March 31, 2023 and provides a corporate update on its lead program, OK-101, to treat dry eye disease. The company's CEO, Gary Jacob, expresses satisfaction with the progress made in the development of OK-101 and anticipates the release of top line data in Q4 2023.
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OKYO Pharma has announced the withdrawal of its proposed public offering of ordinary shares due to changing market conditions. The decision was made in the best interest of the Company and its shareholders. CEO Gary Jacob stated that the focus remains on advancing research and development initiatives.
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OKYO Pharma announces its intention to sell ordinary shares in an underwritten public offering. The company expects to use the net proceeds primarily for clinical development, general corporate purposes, and working capital.
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OKYO Pharma Limited received a deficiency letter from the Nasdaq Stock Market stating that the market value of its ordinary shares had closed below the minimum $35 million requirement for continued inclusion on the Nasdaq Capital Market. OKYO has been given until January 22, 2024, to regain compliance with the Market Value Rule. If it fails to do so, its shares may be subject to delisting.
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FAQ

What is the current stock price of OKYO Pharma Ordinary Shares (OKYO)?

The current stock price of OKYO Pharma Ordinary Shares (OKYO) is $1.195 as of November 1, 2024.

What is the market cap of OKYO Pharma Ordinary Shares (OKYO)?

The market cap of OKYO Pharma Ordinary Shares (OKYO) is approximately 40.6M.

What is OKYO Pharma Limited known for?

OKYO Pharma Limited is known for developing innovative therapies for inflammatory eye diseases and chronic pain conditions, particularly Dry Eye Disease (DED) and Neuropathic Corneal Pain (NCP).

What are the key products of OKYO Pharma?

The key product of OKYO Pharma is the OK-101 ophthalmic solution, which is currently in Phase 2 clinical trials for treating Dry Eye Disease and Neuropathic Corneal Pain.

What recent achievements has OKYO Pharma accomplished?

Recently, OKYO Pharma reported positive safety and efficacy results from its Phase 2 trial of OK-101 for Dry Eye Disease and received FDA clearance for an Investigational New Drug application for the treatment of Neuropathic Corneal Pain.

What is the significance of OK-101 in the treatment of Dry Eye Disease?

OK-101 has shown promising results in reducing inflammation and neuropathic pain in Dry Eye Disease patients, demonstrating statistically significant improvements in multiple symptoms and signs.

How is OKYO Pharma's financial condition?

OKYO Pharma is financially stable, with its ordinary shares listed on the NASDAQ Capital Market, providing a strong foundation for ongoing research and development activities.

What are the future plans for OK-101?

OKYO Pharma plans to advance OK-101 into Phase 3 clinical trials for Dry Eye Disease and initiate a Phase 2 trial for treating Neuropathic Corneal Pain in 2024.

What is Dry Eye Disease (DED)?

Dry Eye Disease is a condition where the eyes do not produce enough tears or the tears evaporate too quickly, leading to inflammation and discomfort. It affects millions of people globally.

What is Neuropathic Corneal Pain (NCP)?

Neuropathic Corneal Pain is a chronic eye condition caused by nerve damage and inflammation in the cornea, leading to severe pain and sensitivity. Currently, there are no FDA-approved treatments for NCP.

How does OK-101 work?

OK-101 is a lipid conjugated chemerin peptide agonist of the ChemR23 G-protein coupled receptor, found on immune cells in the eye. It reduces inflammation and pain by enhancing its residence time in the ocular environment.

Where can I find more information about OKYO Pharma?

For more information about OKYO Pharma, please visit their official website at www.okyopharma.com.

OKYO Pharma Limited Ordinary Shares

Nasdaq:OKYO

OKYO Rankings

OKYO Stock Data

40.60M
33.89M
27.61%
2.99%
0.55%
Biotechnology
Healthcare
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United States of America
London