Oyster Point Pharma to Report First Quarter 2021 Financial Results on May 6, 2021

Rhea-AI Summary

Oyster Point Pharma (Nasdaq: OYST) has scheduled a conference call and webcast for May 6, 2021, at 4:30 p.m. Eastern Time, following the release of its first quarter 2021 financial results. The company specializes in developing innovative treatments for ocular surface diseases, particularly through its lead candidate, OC-01 (varenicline), a nasal spray targeting dry eye disease. This innovative treatment aims to address the significant unmet need for effective therapies in a condition affecting over 30 million Americans.

Positive

• Oyster Point Pharma is focused on developing first-in-class therapies for ocular surface diseases.
• OC-01 (varenicline) nasal spray could address a significant unmet need in treating dry eye disease.

Negative

• OC-01 (varenicline) nasal spray is still an investigational drug and has not been approved.
• No established safety and efficacy for OC-01 (varenicline) nasal spray yet.

Conference Call and Webcast Scheduled for May 6, 2021, 4:30 p.m. Eastern Time

PRINCETON, N.J., April 30, 2021 (GLOBE NEWSWIRE) -- Oyster Point Pharma, Inc. (Nasdaq: OYST), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of first-in-class pharmaceutical therapies to treat ocular surface diseases, today announced that it will report first quarter 2021 financial results on Thursday, May 6, 2021, after the market close. The announcement will be followed by a live audio webcast and conference call at 4:30 p.m. Eastern Time.

Conference Call Details
To access the live call by phone, please dial (855) 548-1220 (US/Canada) or (602) 563-8619 (International). The conference ID number is 9384288. A telephone replay will be available for approximately 7 days following the live conference call. To access the telephone replay, please dial (855) 859-2056 (US/Canada) or (404) 537-3406 (International). The conference ID number is 9384288.

Webcast Details
The webcast will be made available on the company’s website at www.oysterpointrx.com under the “Events & Presentations” section.

About Oyster Point Pharma
Oyster Point Pharma is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of first-in-class pharmaceutical therapies to treat ocular surface diseases. Oyster Point Pharma’s lead product candidate, OC-01 (varenicline) nasal spray, a highly selective cholinergic agonist, is being developed as a nasal spray to treat the signs and symptoms of dry eye disease and neurotrophic keratopathy. In pre-clinical and clinical studies, OC-01 (varenicline) nasal spray was shown to have a novel mechanism of action via activation of the trigeminal parasympathetic pathway to stimulate the glands and cells responsible for natural tear film production, known as the lacrimal functional unit. OC-01 (varenicline) nasal spray is an investigational new drug and has not been approved for any use in any country. The safety and efficacy of OC-01 (varenicline) nasal spray have not previously been established.

About Dry Eye Disease
Dry eye disease is a chronic, progressive condition that impacts more than 30 million people in the United States and is growing in prevalence. An estimated 16 million adults in the U.S. have been diagnosed with dry eye disease, a multifactorial condition of the ocular surface characterized by disruption of the tear film. A healthy tear film protects and lubricates the eyes, washes away foreign particles, contains growth factors and antimicrobial components to reduce the risk of infection, and creates a smooth surface that contributes refractive power for clear vision. Dry eye disease can have a significant impact on a person’s day-to-day quality of life, as it can cause persistent stinging, scratching, burning sensations, sensitivity to light, blurred vision and eye fatigue. Despite the large prevalence of dry eye and the burden of the disease, there remains a significant unmet need for effective therapies.

Investor Contact: 
Tim McCarthy 
LifeSci Advisors, LLC 
(212) 915-2564 
investors@oysterpointrx.com 

Media Contact: 
Sheryl Seapy, W2O Group
(213) 262-9390
sseapy@w2ogroup.com

 

FAQ

What financial results will Oyster Point Pharma report on May 6, 2021?

Oyster Point Pharma will report its first quarter 2021 financial results on May 6, 2021.

What is OC-01 (varenicline) and its significance?

OC-01 (varenicline) is a nasal spray being developed to treat dry eye disease, a condition affecting over 30 million people in the U.S.

When is the conference call for discussing financial results?

The conference call is scheduled for May 6, 2021, at 4:30 p.m. Eastern Time.