Eyenovia Inc Stock Price, News & Analysis

Eyenovia, Inc. (NASDAQ: EYEN) announced a $15 million credit facility with Avenue Venture Opportunities Fund to support operations, including the anticipated FDA approval of MydCombi™. The initial $10 million is received, with an additional $5 million available upon MydCombi's U.S. approval by August 2023. This financing replaces a previous facility with Silicon Valley Bank, providing a cash balance of approximately $25.5 million. CEO Michael Rowe emphasized minimal dilution compared to equity raises, ensuring operations are funded through late 2023 or early 2024.

Eyenovia, Inc. (Nasdaq: EYEN) announced its participation in the BTIG Ophthalmology Day scheduled for November 29, 2022. The company will showcase its innovative Optejet® delivery system, aimed at treating mydriasis, presbyopia, and pediatric progressive myopia. Management will present from 1:30 to 1:55 PM ET and engage in one-on-one meetings with investors. Eyenovia is focused on late-stage development of microdose array print therapeutics. More details are available on Eyenovia’s corporate website.

Eyenovia, Inc. (Nasdaq: EYEN) announced positive results from the Phase 3 VISION-2 study of MicroLine for presbyopia, meeting primary and secondary endpoints with a significant improvement in visual acuity. The company plans to engage with the FDA on its regulatory path as a drug/device combination. Financial results for Q3 2022 showed a net loss of $7.3 million, up from $5.6 million in Q3 2021. Operating expenses rose 22% year-over-year. Eyenovia ended the quarter with $25.3 million in cash and equivalents. The company emphasizes key milestones expected in 2023.

Eyenovia, Inc. (NASDAQ: EYEN) will release its third-quarter financial results for 2022 on November 10, 2022, after market close. Following this, the company's management will hold a conference call at 4:30 PM ET to discuss the results. Participants can join via phone or a live webcast on the company's investor relations website. Eyenovia focuses on developing ophthalmic therapeutic solutions, specifically using its Optejet® delivery system for microdose array print therapeutics aimed at conditions like mydriasis and presbyopia.

On October 21, 2022, Eyenovia, Inc. (NASDAQ: EYEN) announced its participation at the 2022 American Academy of Optometry’s Annual Meeting from October 26-29, 2022, in San Diego. The company will showcase its Optejet^® drug delivery system, presenting a virtual press conference titled Eyenovia - The Optejet® Evolving Drug Delivery to Support Optometric Advancement on October 25, 2022. Additionally, Peter Lam, PhD, will present a paper on Aerial Bioburden Monitoring on October 27. For more details, visit Eyenovia.com.

Eyenovia, Inc. (NASDAQ: EYEN) reported positive findings from its VISION-2 Phase 3 study of MicroLine, a potential treatment for presbyopia, demonstrating significant improvement in near visual acuity. In a modified analysis, subjects treated with MicroLine showed at least a 15-letter improvement in distance corrected near visual acuity versus placebo. All secondary endpoints were also met, with fewer than 3% reporting mild adverse events. Eyenovia plans to meet with the FDA for a potential new drug application submission, aiming to capitalize on the favorable market sentiment towards its Optejet delivery system.

Eyenovia, Inc. (NASDAQ: EYEN) announced the retirement of lead independent director Ken Lee, Jr., effective September 30, 2022. Lee has been a board member since 2018, contributing to the company's strategy leading up to the New Drug Application submission for Mydcombi, an investigational fixed-dose combination product for eye dilation. CEO Michael Rowe and Chairman Dr. Sean Ianchulev expressed gratitude for Lee's contributions and support. Eyenovia focuses on microdose array print therapeutics, with Mydcombi licensed to Arctic Vision for the Greater China and South Korea markets.

Eyenovia, Inc. (Nasdaq: EYEN) has announced its participation in two upcoming healthcare conferences. The R.W. Baird Global Healthcare Conference will occur on September 14, 2022, with a presentation from 10:50 AM to 11:20 AM ET. The Ladenburg Thalmann Healthcare Conference is scheduled for September 29, 2022, with a presentation from 3:30 PM to 3:55 PM ET. Eyenovia is focused on developing advanced therapeutics using its microdose array print (MAP™) technology, targeting mydriasis, presbyopia, and myopia progression.

Eyenovia, Inc. (NASDAQ: EYEN), an ophthalmic pharmaceutical technology company, announced its participation in several medical meetings in September 2022. Key events include:

• Ophthalmology Futures European Forum on September 15, focusing on the Optejet device.
• The T.H.E. Summit also on September 15, discussing pediatric myopia treatment.
• 40th Congress of ESCRS from September 16-20, presenting on microdose delivery.
• Eyecelerator at AAO on September 29, showcasing the Optejet device.

For more details, visit Eyenovia.com.