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Company Overview
OKYO Pharma Ltd (symbol: OKYO) is a clinical-stage biopharmaceutical company focused on developing innovative ocular therapeutics aimed at addressing unmet medical needs in inflammatory eye diseases and chronic pain. With a deep commitment to research and development, the company is at the forefront of discovering novel molecules to treat conditions such as Dry Eye Disease (DED) and Neuropathic Corneal Pain (NCP), conditions that significantly affect patients' quality of life.
Core Business and Therapeutic Focus
At its core, OKYO Pharma is dedicated to improving patient outcomes through the advancement of cutting-edge treatments. The company has strategically designed its pipeline around OK-101, a lipid conjugated chemerin peptide agonist formulated using membrane-anchored-peptide technology. This unique approach allows for enhanced efficacy by targeting the ChemR23 G-protein coupled receptor found on ocular immune cells and neurons, thereby reducing inflammation and alleviating pain. The innovative nature of OK-101 is further reinforced by a strong portfolio of intellectual property, including key European and U.S. patents that safeguard its novel compositions and methods of use.
Clinical Development and Research Strategy
OKYO Pharma operates in a research-intensive environment where each clinical trial is designed to validate both the anti-inflammatory and analgesic properties of its therapeutic candidates. The company has advanced its lead program through multiple Phase 2 studies, demonstrating promising efficacy signals in both DED and NCP patient populations. The strategic execution of these clinical trials reflects the company’s commitment to rigorous scientific evaluation and the pursuit of innovative treatments that can fill significant gaps in current therapeutic options.
Intellectual Property and Innovation
Innovation is at the heart of OKYO Pharma’s operations. The company’s dedication to developing novel ocular therapies is underpinned by a robust intellectual property strategy. With patents covering key aspects of its chemerin analog technology, OKYO Pharma not only secures its market position but also sets a high bar for research quality and scientific rigor in the industry. This strategic IP foundation enables the company to explore potential licensing and collaboration opportunities within the broader pharmaceutical landscape.
Market Position and Competitive Landscape
Positioned within the expansive and competitive fields of ophthalmology and biopharmaceutical innovation, OKYO Pharma distinguishes itself through its specialized focus on therapeutic candidates for ocular inflammation and pain management. By addressing diseases with limited or no approved treatments, such as NCP, the company secures a niche that appeals to both clinical researchers and the investment community interested in emerging biotechnologies. Its methodical approach to clinical research and product development positions the firm as an informed player in an industry marked by rapid innovation and evolving therapeutic needs.
Key Features and Business Strengths
- Innovative Therapeutic Candidates: Focus on OK-101 for conditions with significant unmet clinical needs.
- Robust Intellectual Property: Secured patents in major jurisdictions that underpin its novel compositions.
- Clinical-Stage Expertise: Proven ability to design and execute complex clinical trials in DED and NCP.
- Focused Research Strategy: Dedicated to advancing ocular therapeutics through scientifically rigorous methodologies.
Conclusion
Overall, OKYO Pharma Ltd embodies a sophisticated blend of scientific innovation and clinical expertise in the biopharmaceutical arena. Its strategic focus on developing new therapies for inflammatory ocular diseases and neuropathic pain, bolstered by robust research and intellectual property acumen, provides a comprehensive overview of its operational model. Investors and industry watchers can appreciate the depth of its R&D efforts and its potential role in transforming the treatment landscape for debilitating ocular conditions.
OKYO Pharma Limited (LSE: OKYO; NASDAQ: OKYO) has announced the activation of its first clinical trial site in the U.S. for a phase 2 study of its ophthalmic solution, OK-101, aimed at treating dry eye disease. The trial is a multi-center, randomized, double-blinded, placebo-controlled study designed to evaluate the efficacy and safety of OK-101. The first patient visit is anticipated within two weeks. CEO Gary S. Jacob emphasized the company's commitment to advancing OK-101’s development, noting that dry eye disease affects approximately 700 million people globally. OK-101 is a novel long-acting drug candidate developed to alleviate inflammation and pain associated with dry eye conditions.
OKYO Pharma Ltd. (NASDAQ:OKYO) is advancing towards its first phase 2 trial of the drug OK-101, with plans to release efficacy data by year-end 2023. To facilitate this, the company announced a private stock placement aimed at raising $5.7 million through the issuance of over 12 million shares (American Depositary Shares and Ordinary Shares). Notably, senior management has opted to take shares as compensation for deferred wages, showcasing their confidence in the company’s future. The phase 2 trial, set to commence in Q2 2023, focuses on treating chronic dry eye disease, a significant market valued at over $5 billion in 2019. The company collaborates with contract research organizations for efficient research execution.
OKYO Pharma Limited (Nasdaq: OKYO) has announced the posting of a shareholder circular detailing the proposed cancellation of its ordinary shares from the Official List of the Financial Conduct Authority and the main market of the London Stock Exchange. The General Meeting is scheduled for May 3, 2023, where shareholders will vote on consolidating every 65 existing ordinary shares into one new share. This move aligns with the company's aim to enhance its share structure in light of its ongoing development of OK-101 for treating dry eye disease.
OKYO Pharma Limited (Nasdaq: OKYO; LSE: OKYO) has announced a voluntary delisting of its Ordinary Shares from the London Stock Exchange due to negligible trading volumes and associated costs. The delisting is expected to become effective on May 12, 2023. The company will consolidate 65 existing Ordinary Shares into one new ordinary share, aligning with its current American Depositary Shares (ADS) ratio. Following the delisting, current ADS holders will automatically receive the new ordinary shares without needing to take action. Further details will be provided in a circular to shareholders prior to the delisting.
FAQ
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