Eyepoint Pharmac Stock Price, News & Analysis

EyePoint Pharmaceuticals (NASDAQ: EYPT) announced an expanded partnership with ImprimisRx for the U.S. sales and marketing of DEXYCU®, effective January 1, 2022. ImprimisRx will absorb most of EyePoint’s DEXYCU commercial organization, enhancing its ability to promote the injectable steroid treatment for post-operative inflammation. EyePoint retains revenue recognition, manufacturing, and distribution responsibilities. The partnership aims to accelerate DEXYCU’s growth and improve treatment accessibility for patients in need.

EyePoint Pharmaceuticals (NASDAQ: EYPT) announced the closing of a public offering of 5,122,273 shares of common stock, including 1,095,000 shares purchased under the underwriter's option. The shares were priced at $13.75 each, with pre-funded warrants sold for $13.74 each, generating gross proceeds of approximately $115.4 million. The proceeds will support the Phase 2 clinical trials of EYP-1901 for wet AMD, DR, and RVO, along with earlier-stage pipeline initiatives. The offering was made under an SEC shelf registration statement.

EyePoint Pharmaceuticals (NASDAQ: EYPT) announced an underwritten public offering of 4,027,273 shares at $13.75 each, alongside pre-funded warrants for 3,272,727 shares at $13.74 each, aiming for gross proceeds of approximately $100.3 million. The funds will primarily advance EYP-1901 into Phase 2 trials for wet AMD, DR, and RVO, and support pipeline initiatives. The offering is expected to close by November 19, 2021, pending customary conditions.

EyePoint Pharmaceuticals (NASDAQ: EYPT) has announced an underwritten public offering of $100 million in common stock, with an option for underwriters to purchase an additional $15 million. The offering aims to fund Phase 2 clinical trials for EYP-1901, targeting wet AMD, diabetic retinopathy, and retinal vein occlusion. The proceeds will also support earlier stage pipeline initiatives and general corporate purposes. The securities are offered under a previously filed registration statement, and the offering's completion is subject to market conditions.

EyePoint Pharmaceuticals (NASDAQ: EYPT) announced promising six-month interim data from its Phase 1 DAVIO clinical trial of EYP-1901, an investigational treatment for wet age-related macular degeneration (wet AMD). The trial demonstrated a favorable safety profile with no ocular serious adverse events and a 79% reduction in treatment burden. Notably, 76% and 53% of patients did not require rescue treatments up to four and six months, respectively. EyePoint plans to initiate a Phase 2 trial in 2022 and has a Type C meeting with the FDA scheduled for December 1, 2021, to discuss registration trials.

EyePoint Pharmaceuticals (NASDAQ: EYPT) announced encouraging six-month interim data from its Phase 1 DAVIO clinical trial of EYP-1901, an anti-VEGF treatment for wet age-related macular degeneration (AMD). Presented at the AAO 2021 Meeting, the trial involved 17 patients, showcasing a 79% reduction in treatment burden and no serious adverse events reported. Patients experienced sustained visual acuity with 76% and 53% not needing rescue therapy after four and six months, respectively. EyePoint plans to advance EYP-1901 into Phase 2 trials in 2022 and engage with the FDA regarding registration trials.

EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT) will have CEO Nancy Lurker present at two virtual conferences: the Jefferies London Healthcare Conference on November 18, 2021, at 3:00 a.m. ET and the 33rd Annual Piper Sandler Virtual Healthcare Conference on November 22, 2021, at 10:00 a.m. ET. The company focuses on developing therapeutics for serious eye disorders, including its Durasert® technology. Webcasts of the presentations will be available on their website, with replays accessible for 30 and 90 days, respectively.

EyePoint Pharmaceuticals (NASDAQ: EYPT) will host a conference call on November 13 at 12:00 P.M. ET to discuss interim data from its Phase 1 DAVIO trial of EYP-1901, aimed at treating wet AMD. The interim results will be presented by Dr. David Boyer during the AAO Retina Subspecialty Day. EYP-1901 is designed for sustained drug delivery through the company's proprietary Durasert technology, which may provide a twice-yearly treatment option for patients. The event will be accessible via phone and webcast on the company's website.

EyePoint Pharmaceuticals (NASDAQ: EYPT) reported its Q3 2021 financial results, highlighting a 49% increase in net product revenue, totaling $8.6 million compared to $5.8 million in the same quarter last year. The Company presented positive safety data from the Phase 1 DAVIO trial for EYP-1901 targeting wet AMD at the ASRS 2021 Annual Meeting. Operating expenses rose to $24.4 million, leading to a net loss of $16.7 million or ($0.58) per share. However, cash reserves improved to $119.7 million, supporting operations through 2022.