Welcome to our dedicated page for Glaukos news (Ticker: GKOS), a resource for investors and traders seeking the latest updates and insights on Glaukos stock.
Glaukos Corporation (GKOS) is a leader in ophthalmic medical technology, pioneering micro-invasive glaucoma surgery (MIGS) and transformative eye care solutions. This dedicated news hub provides investors and healthcare professionals with essential updates on the company's clinical advancements, regulatory milestones, and strategic initiatives.
Access timely press releases covering product approvals, financial results, and research developments directly impacting glaucoma treatment paradigms. Our curated collection includes updates on therapeutic innovations, partnership announcements, and progress in addressing various stages of ocular disease.
Bookmark this page for streamlined access to Glaukos' latest achievements in medical device engineering and surgical techniques. Regularly updated content ensures you stay informed about developments influencing both patient care and the evolving ophthalmic technology landscape.
Glaukos Corporation (GKOS) reported a 23% increase in net sales for Q1 2021, reaching $68.0 million, compared to $55.3 million in Q1 2020. Key segments included $53.7 million from glaucoma and $14.3 million from corneal health. The gross margin was approximately 76%, significantly up from 41% in the prior year. Operating expenses declined by 17% to $63.1 million, leading to a reduced net loss of $16.5 million or ($0.36) per share. The company projects Q2 2021 revenues between $70 million and $72 million.
Glaukos Corporation (NYSE: GKOS) announced an amended licensing agreement with Intratus, Inc. for the exclusive global license to develop and commercialize Intratus' non-invasive Eyelid Drug Delivery Platform, now including presbyopia treatments. This expands their existing agreement from 2019, which focused on dry eye disease and glaucoma. The platform offers a patient-friendly transdermal approach with promising early human study results. Financial terms were not disclosed, but the partnership aims to enhance Glaukos' portfolio in ophthalmic therapies.
Glaukos Corporation (NYSE: GKOS) will announce its Q1 2021 financial results on Wednesday, May 5, 2021, after market close. A conference call and webcast led by the management team will occur at 1:30 p.m. PDT (4:30 p.m. EDT) on the same day. Glaukos specializes in innovative therapies for glaucoma, corneal disorders, and retinal diseases, having pioneered Micro-Invasive Glaucoma Surgery (MIGS) since 2012 with devices like the iStent series. For participation details, please visit investors.glaukos.com.
Glaukos Corporation (NYSE: GKOS) launched two patient-centric initiatives for World Glaucoma Week, aimed at raising awareness of glaucoma. The initiatives include a global education campaign called “Making an iMPACT: Glaucoma Perspectives” featuring interviews with leading physicians and a glaucoma patient. Additionally, Glaukos will collaborate with U.S. eye care institutions to provide free glaucoma screenings. These efforts underline Glaukos' commitment to improving glaucoma treatment and patient education across the globe.
Glaukos Corporation (NYSE: GKOS) announced its management's virtual participation in the Oppenheimer 31st Annual Healthcare Conference on March 16, 2021, at 3:10 p.m. EDT. This event will be available via live and archived webcast on Glaukos' Investors website. Glaukos specializes in medical technology and pharmaceuticals for treating glaucoma, corneal disorders, and retinal diseases, having pioneered Micro-Invasive Glaucoma Surgery (MIGS) with devices like the iStent series.
Glaukos Corporation (NYSE: GKOS) has appointed Denice Torres and Dr. Leana Wen as new members of its Board of Directors, increasing the board to nine members, eight of whom are independent. The addition aims to enhance the board's expertise as the company continues to expand its global presence in ophthalmic medical technologies. Torres, with over 25 years in healthcare management, previously held leadership roles at Johnson & Johnson, while Dr. Wen is known for her public health advocacy and emergency medicine expertise. Their insights are expected to benefit Glaukos' mission in treating chronic eye diseases.
Glaukos Corporation (GKOS) reported Q4 2020 net sales of $73.2 million, an increase from $65.8 million in Q4 2019. The gross margin stood at approximately 73%, down from 76% year-over-year. For 2020, overall net sales fell 5% to $225.0 million, with a net loss of $120.3 million or ($2.70) per diluted share. Despite losses, the company ended the year with $413.9 million in cash and investments. They forecast a 15%-20% increase in Q1 2021 net sales compared to the previous year.
Glaukos Corporation (NYSE: GKOS) announced positive results from its Phase 3 trial of iLink™ Epi-on therapy for treating keratoconus. The trial met its primary efficacy endpoint, showing a statistically significant improvement in maximum corneal curvature (Kmax) at 6 months. The treatment group exhibited a Kmax improvement of -1.0D (p = 0.0004), indicating the therapy's effectiveness. With 98% of placebo patients opting for Epi-on after the trial, safety was affirmed as 97% completed the study. Glaukos aims for FDA submission in 2022 and anticipates approval in 2023, capitalizing on this promising therapy.
Glaukos Corporation (NYSE: GKOS) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, after market closure. A conference call to discuss these results will take place at 1:30 p.m. PST (4:30 p.m. EST) on the same day. Investors can access the live webcast through the company’s website. Glaukos specializes in innovative treatments for glaucoma and other ocular conditions, having pioneered Micro-Invasive Glaucoma Surgery (MIGS) with devices such as the iStent® and iStent inject®.
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