Opthea to Present at the FLORetina 2022 Congress

Rhea-AI Summary

Opthea Limited (ASX:OPT; NASDAQ:OPT) announced a podium presentation at the FLORetina congress in Rome from December 8-11, 2022. Dr. Caroline Baumal from Tufts University will discuss OPT-302 combination therapy in wet AMD. The presentation, titled New approach in wet-AMD treatment: Efficacy and safety of dual inhibition of VEGF-C/-D and VEGF-A with OPT-302 combination therapy, is scheduled for December 10, 2022, from 1:09 PM to 1:30 PM. Opthea is advancing its lead product, OPT-302, through Phase 3 trials targeting improved treatment outcomes for retinal diseases.

MELBOURNE, Australia, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Opthea Limited (ASX:OPT; NASDAQ:OPT), a clinical stage biopharmaceutical company developing novel therapies to treat highly prevalent and progressive retinal diseases, announce a podium talk will be presented at the annual FLORetina congress, taking place in Rome, Italy from December 8-11, 2022.

Dr. Caroline Baumal, MD from the Tufts University School of Medicine, New England Eye Center, Boston, Massachusetts will present on OPT-302 combination therapy in wet AMD. The talk will include the design of the ongoing Phase 3 program which will assess the primary endpoint of superiority in mean Best Corrected Visual Acuity at 12 months versus ranibizumab (ShORe study) or aflibercept (COAST study) anti-VEGF-A monotherapy.

The details for the podium presentation are as follows:

Presentation Title:	New approach in wet-AMD treatment: Efficacy and safety of dual inhibition of VEGF-C/-D and VEGF-A with OPT-302 combination therapy
Session:	Wet AMD; New Horizons
Presenter:	Caroline Baumal, MD
Date and Time:	10 December 2022 from 1:09 – 1:30 pm

About Opthea Limited

Opthea (ASX:OPT; Nasdaq:OPT) is a biopharmaceutical company developing novel therapies to address the unmet need in the treatment of highly prevalent and progressive retinal diseases, including wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME). Opthea’s lead product candidate OPT-302 is in pivotal Phase 3 clinical trials and being developed for use in combination with anti-VEGF-A monotherapies to achieve broader inhibition of the VEGF family, with the goal of improving overall efficacy and demonstrating superior vision gains over that which can be achieved by inhibiting VEGF-A alone.

Inherent risks of Investment in Biotechnology Companies

There are a number of inherent risks associated with the development of pharmaceutical products to a marketable stage. The lengthy clinical trial process is designed to assess the safety and efficacy of a drug prior to commercialization and a significant proportion of drugs fail one or both of these criteria. Other risks include uncertainty of patent protection and proprietary rights, whether patent applications and issued patents will offer adequate protection to enable product development, the obtaining of necessary drug regulatory authority approvals and difficulties caused by the rapid advancements in technology. Companies such as Opthea are dependent on the success of their research and development projects and on the ability to attract funding to support these activities. Investment in research and development projects cannot be assessed on the same fundamentals as trading and manufacturing enterprises. Therefore, investment in companies specializing in drug development must be regarded as highly speculative. Opthea strongly recommends that professional investment advice be sought prior to such investments.

Authorized for release to ASX by Megan Baldwin, CEO & Managing Director

Company & Media Enquiries:
U.S.A. & International:			Australia:
Timothy E. Morris, CFO			Rudi Michelson
Opthea Limited			Monsoon Communications
Tel: +1 650-400-6874			Tel: +61 (0) 3 9620 3333
Media:
Hershel Berry
Blueprint Life Science Group
Tel: +1 415 505 3749
hberry@bplifescience.com
Join our email database to receive program updates:
Tel: +61 (0) 3 9826 0399	Email: info@opthea.com	Web: www.opthea.com

FAQ

What will be presented at the FLORetina congress regarding OPT stock?

Dr. Caroline Baumal will present on OPT-302 combination therapy in wet AMD at the FLORetina congress on December 10, 2022.

What is the focus of Opthea's research presented in December 2022?

The focus is on the efficacy and safety of OPT-302 in combination therapy to treat wet AMD.

When is Opthea's presentation at the FLORetina congress?

The presentation is scheduled for December 10, 2022, from 1:09 PM to 1:30 PM.

What is the primary endpoint of the OPT-302 clinical trials?

The primary endpoint is to demonstrate superiority in mean Best Corrected Visual Acuity at 12 months compared to anti-VEGF-A monotherapy.

What are the ongoing studies for OPT-302?

Opthea is conducting Phase 3 studies, including the ShORe study with ranibizumab and the COAST study with aflibercept.