Eyenovia Inc Stock Price, News & Analysis

Eyenovia, Inc. (NASDAQ: EYEN), a pre-commercial ophthalmic technology company, announced a poster presentation at the ARVO 2023 meeting on April 25, showcasing their Optejet technology for delivering the anti-glaucoma medication latanoprost.

CEO Michael Rowe highlighted that the Optejet achieves therapeutic dosing with lesser exposure to harmful preservatives compared to conventional eye drops. The upcoming PDUFA date on May 8 for Mydcombi, a mydriasis agent, is crucial as it could validate the Optejet technology.

The study demonstrated Optejet via Micro-Array Print (MAP) reduces ocular surface stress and is associated with lower cell toxicity and inflammatory responses compared to traditional methods.

Eyenovia, Inc. (Nasdaq: EYEN) announced FDA acceptance of its Mydcombi New Drug Application (NDA) with a PDUFA action date set for May 8, 2023. The company reported positive results from the Microline Phase 3 program for presbyopia, receiving supportive FDA feedback. A partnership was formed with Formosa Pharmaceuticals for co-development, aiming to enhance ophthalmic treatments. Financially, the Q4 2022 net loss was approximately $6.1 million ($0.17 per share), contrasting with a net income of $3.0 million in Q4 2021. Total cash and cash equivalents at year-end 2022 were approximately $22.9 million, down from $27.3 million in 2021.

Eyenovia, Inc. (NASDAQ: EYEN) will announce its fourth quarter and full year financial results for 2022 on March 30, 2023, after market close. Following this release, the company will host a conference call and webcast at 4:30 PM ET to discuss the results. Interested participants can join by dialing either 1-877-407-9039 (domestic) or 1-201-689-8470 (international) using conference code 13736709. A live webcast will also be accessible on their investor relations page. The event will be archived on Eyenovia’s website for one year.

Eyenovia, Inc. (NASDAQ: EYEN) announced the resignation of Stephen Benjamin from its Board of Directors as he takes on the role of Head of the White House’s Office of Public Engagement. Benjamin, who has been a director since February 2022, has significantly contributed to the company during his tenure. Eyenovia's CEO, Michael Rowe, expressed enthusiasm for Benjamin's new position and acknowledged his impact on the company's progress. The Board will maintain seven members and has initiated a search for Benjamin's successor. Eyenovia focuses on developing microdose array print therapeutics aimed at eye conditions.

A collaboration has been announced between Formosa Pharmaceuticals and Eyenovia, Inc. to develop innovative ophthalmic therapies. This partnership will integrate Formosa's APNT™ nanoparticle formulation platform with Eyenovia's Optejet® dispensing technology, aimed at addressing significant unmet medical needs in ophthalmology. Eyenovia's Optejet® utilizes Microdose Array Print (MAP™) technology for precise drug delivery, enhancing patient compliance while minimizing dosage volume. Formosa's APNT™ platform is designed to improve drug dissolution and bioavailability, expanding the potential for new ophthalmic indications. Both companies express optimism about the collaboration's potential.