Welcome to our dedicated page for Clearside Biomed news (Ticker: CLSD), a resource for investors and traders seeking the latest updates and insights on Clearside Biomed stock.
Clearside Biomedical, Inc. (CLSD) is a biopharmaceutical company that focuses on delivering therapies to the back of the eye through the suprachoroidal space (SCS®). News about CLSD frequently centers on its patented SCS injection platform, its commercial product XIPERE® for uveitic macular edema, and its lead development program CLS-AX (axitinib injectable suspension) for neovascular age-related macular degeneration (wet AMD).
Investors and observers following CLSD news can expect updates on clinical data from Phase 1/2a and Phase 2b trials of CLS-AX, regulatory interactions such as End-of-Phase 2 meetings and Phase 3 program planning, and preclinical work on small molecule programs targeting geographic atrophy and diabetic macular edema. Company announcements also highlight scientific presentations at major ophthalmology meetings, including ARVO, EURETINA, and other retinal-focused conferences, where Clearside and its collaborators discuss suprachoroidal delivery, trial designs, and platform-related technologies.
Clearside’s news flow also includes developments from its licensing and collaboration partners. These items may cover regulatory approvals and filings for XIPERE or ARCATUS® in various territories, progress in partner-led clinical programs using the SCS Microinjector, and updates on gene therapy or anti-tumor agents delivered via the suprachoroidal route. Corporate and financial updates, such as quarterly results, strategic review announcements, reverse stock split actions, royalty monetization agreements, and Nasdaq listing compliance matters, are also part of the company’s regular disclosures.
More recently, CLSD news has included its decision to explore strategic alternatives for its SCS platform and pipeline, and the subsequent voluntary Chapter 11 filing in the U.S. Bankruptcy Court for the District of Delaware with the stated objective of pursuing a sale of substantially all assets. For users tracking CLSD, this news page provides a centralized view of clinical, regulatory, partnership, and restructuring developments affecting the company and its stock.
Clearside Biomedical (Nasdaq: CLSD) announced that the FDA has accepted its IND application for CLS-AX, allowing the initiation of a Phase 1/2a clinical trial for wet AMD patients by year-end 2020. CLS-AX is a proprietary axitinib injectable suspension aimed at providing a long-acting treatment option. The trial will evaluate the safety and tolerability of CLS-AX via suprachoroidal injection after prior anti-VEGF treatments. This milestone reflects Clearside's progress in addressing significant needs within the ophthalmology market.
Clearside Biomedical (NASDAQ: CLSD) will present a company overview at the 2020 Wedbush PacGrow Healthcare Virtual Conference on August 11, 2020, at 9:10 a.m. ET. George Lasezkay, Pharm.D., J.D., CEO, and Thomas A. Ciulla, M.D., MBA, Chief Medical Officer, will lead the presentation. A live and archived webcast will be accessible on the Clearside website for three months. Clearside is focused on innovative treatments for serious back of the eye diseases, utilizing its proprietary SCS Microinjector™ for targeted medication delivery.
Clearside Biomedical (CLSD) will report its Q2 2020 financial results on August 10, 2020, after market close. A conference call with management is set for 4:30 PM ET to discuss the results and provide updates. The company focuses on treatments targeting serious eye diseases using its proprietary SCS Microinjector®, facilitating targeted delivery of medications. This innovative technology aims to restore and preserve vision, directly addressing sight-threatening conditions.
Clearside Biomedical (Nasdaq: CLSD) announced presentations of its pipeline and SCS Microinjector at ASRS 2020 Virtual Annual Meeting. Notable findings included CLS-AX's tolerance and high potency for treating neovascular age-related macular degeneration (nAMD), suggesting potential for bi-annual therapy. Other studies highlighted the efficacy and safety of suprachoroidal delivery methods, particularly for non-infectious uveitis and macular edema. Overall, Clearside's developments continue to gain recognition in retinal disease treatments, with ongoing research warranted for various therapeutic applications.
Clearside Biomedical (Nasdaq:CLSD) announced promising results from preclinical studies on its CLS-AX treatment for neovascular age-related macular degeneration (nAMD), presented at the virtual ARVO 2020 Meeting. Data indicate CLS-AX provided sustained, targeted delivery and well-tolerated efficacy against neovascularization. Additionally, studies on complement inhibitors delivered via the SCS Microinjector show potential for long-acting treatments. The company’s partnership with Aura Biosciences for ocular cancer therapies further underlines the versatility of its delivery systems.
Clearside Biomedical reported significant growth in license revenue, reaching $4.1 million in Q1 2020, compared to $45,000 in Q1 2019, driven by a $4.0 million upfront payment from Arctic Vision. R&D expenses decreased to $3.8 million from $11.0 million in the same quarter last year, while net loss improved to $2.9 million or $0.07 per share, down from $15.4 million or $0.45 per share in Q1 2019. The NDA for XIPERE resubmission is targeted for Q4 2020. Cash reserves at March 31, 2020, stood at $20.9 million.
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