Welcome to our dedicated page for Optinose news (Ticker: OPTN), a resource for investors and traders seeking the latest updates and insights on Optinose stock.
OptiNose, Inc. (NASDAQ: OPTN), founded in 2010 and headquartered in Yardley, Pennsylvania, is a global specialty pharmaceutical company focused on improving the lives of patients treated by ear, nose, and throat (ENT) and allergy specialists. The company is known for its innovative approach to pharmaceutical development and commercialization, aiming to offer value to both the healthcare system and its stakeholders.
OptiNose's flagship product is XHANCE (fluticasone propionate) nasal spray, a unique therapeutic that utilizes the proprietary Exhalation Delivery System (EDS). This system delivers a topical corticosteroid deep into the nasal passages to treat chronic rhinosinusitis with nasal polyps. Unlike traditional nasal sprays, XHANCE targets inflammation high and deep within the nasal passages, reaching areas previously inaccessible by standard treatments.
Recently, XHANCE was approved by the FDA for the treatment of chronic rhinosinusitis without nasal polyps, expanding its potential patient base significantly. This approval was backed by robust clinical data from the ReOpen program, consisting of two global, randomized, double-blind, placebo-controlled Phase 3 trials. These trials demonstrated significant improvement in both symptoms and inflammation for patients with chronic sinusitis, with or without nasal polyps. Some common adverse reactions included epistaxis, headache, and nasopharyngitis, consistent with its labeled safety profile.
OptiNose continues to innovate, working on faster and cost-effective product developments and exploring new commercial models. The company collaborates with ENT and allergy specialists to bring breakthrough treatments to patients, focusing on efficiency and effectiveness in all its operations. OptiNose's commitment to values and ethical practices ensures their dedication to patient care and improved health outcomes.
For the latest updates and detailed information on OptiNose's financial performance, current projects, and strategic developments, visit their website or follow them on social media platforms like X and LinkedIn.
Optinose (NASDAQ: OPTN) announced a public offering of 6,000,000 shares at $5.85 per share, with an additional 900,000 shares available to the underwriter. The offering is set to close on August 18, 2020, pending customary conditions. Proceeds will support working capital, the commercialization of XHANCE, and clinical development for both XHANCE in chronic sinusitis and OPN-019 for COVID-19. Credit Suisse is the sole bookrunner for the offering.
Optinose (NASDAQ: OPTN) has announced a proposed underwritten public offering of its common stock, in which all shares will be offered by the company. The underwriter will have a 30-day option to purchase an additional 15% of shares. Funds from the offering will be used for working capital, the commercialization of XHANCE, and clinical development of XHANCE for chronic sinusitis and OPN-019 for COVID-19. Credit Suisse Securities (USA) LLC is acting as the sole bookrunner. The offering is registered with the SEC under Form S-3.
Optinose (NASDAQ: OPTN) announced that it will report its second quarter 2020 financial results and corporate updates on August 4, 2020, before market open. The leadership team will host a conference call at 8:00 a.m. ET on the same day to discuss these results, including the launch of XHANCE®. Participants can join the call via U.S. or international numbers, with a replay available until August 11, 2020. The event will also be accessible through a webcast on Optinose's website.
Optinose (NASDAQ: OPTN) has appointed Catherine E. Owen to its Board of Directors. Catherine, currently Senior VP at Bristol-Myers Squibb, brings extensive global pharmaceutical experience, overseeing operations in 18 countries. Her background includes leadership roles at Johnson & Johnson, where she launched new products in immunology and infectious diseases. She began her career at AstraZeneca. Chairman Joe Scodari expressed confidence in her capabilities, emphasizing her strong marketing and strategic skills.
Optinose (NASDAQ: OPTN) has announced a co-promotion agreement with kaléo to promote XHANCE® (fluticasone propionate), an exhalation nasal spray for treating nasal polyps in adults in the U.S. The partnership aims to expand promotional reach to nearly 6,000 healthcare professionals, with kaléo leveraging its established relationships in the allergy sector. Promotional activities are expected to commence in Q4 2020. This collaboration aims to enhance awareness and usage of XHANCE in the target audience.
Optinose (NASDAQ: OPTN) has been recognized as one of the Philadelphia Business Journal’s “Best Places to Work” for 2020 in the medium-sized company category, marking the third consecutive year for this honor. The company, which employs over 200 people with a significant presence in Yardley, emphasizes a strong workplace culture and employee engagement, evidenced by an 84% participation rate in the related survey. Optinose focuses on improving the lives of patients served by ENT and allergy specialists and has made strides in launching its lead product, XHANCE.
OptiNose, Inc. (NASDAQ: OPTN) has announced that its 2020 Annual Meeting of Stockholders will now take place virtually on June 10, 2020, at 8:30 AM ET, due to COVID-19 safety concerns. Online access will start at 8:15 AM ET. Stockholders cannot attend in person but will have equivalent participation rights as in a physical meeting. Voting is encouraged before the meeting, and those who haven't yet voted can do so electronically during the meeting. Details are available on the Optinose website.
Optinose (NASDAQ:OPTN) announced that CEO Peter Miller will deliver a company overview and business update at the 2020 RBC Capital Markets Global Healthcare Virtual Conference on May 19, 2020, at 10:20 a.m. ET. Investors can access a live webcast of the presentation via the Investors page on the Optinose website. A replay will be available for 30 days post-event. Optinose focuses on patients treated by ENT and allergy specialists.
Optinose (NASDAQ:OPTN) reported first quarter 2020 financial results, highlighting a net revenue of $7.1 million from XHANCE, a 149% increase in prescriptions compared to Q1 2019. The COVID-19 pandemic impacted growth but prescriptions rose by 8% in late April. The company withdrew its 2020 revenue guidance due to uncertainty caused by the pandemic but plans to reduce operating expenses by $17 million. As of March 31, 2020, cash and cash equivalents were $148.5 million, with a net loss of $28.9 million, or $0.63 per share.
FAQ
What is the current stock price of Optinose (OPTN)?
What is the market cap of Optinose (OPTN)?
What is OptiNose, Inc.?
What is XHANCE?
What recent approval did OptiNose receive from the FDA?
What is the ReOpen program?
What common side effects are associated with XHANCE?
How does OptiNose's Exhalation Delivery System (EDS) work?
What is chronic rhinosinusitis?
Where is OptiNose headquartered?
How does OptiNose create value for the healthcare system?
Where can I learn more about OptiNose and its products?
