Ocular Therapeut Stock Price, News & Analysis

Ocular Therapeutix reported Q1 2022 net product revenue of $12.5 million, an increase of 87% year-over-year, driven by DEXTENZA sales. The company projects 2022 annual revenue between $55 million and $60 million, indicating 26% to 38% growth. Underlying business developments include a successful start to their clinical trials for OTX-TKI and OTX-TIC, with the latter's first patient dosed in February, generating a $2 million milestone payment. As of March 31, 2022, cash reserves stand at $145.4 million, expected to fund operations through 2023.

Ocular Therapeutix, Inc. (NASDAQ: OCUL) announced two scientific presentations at the ASGCT 25th Annual Meeting, highlighting the potential of its hydrogel platform for gene therapy delivery in ophthalmic conditions. Presentations include advancements in controlled release of adeno-associated virus (AAV) and hydrogel implant development. Ocular Therapeutix's leading product, DEXTENZA®, is FDA-approved for ocular inflammation and pain. The company is advancing various clinical trials, including OTX-TKI for wet AMD and OTX-TIC for glaucoma.

Ocular Therapeutix (NASDAQ: OCUL) announced it will report its first quarter financial results for the period ending March 31, 2022, on May 9, 2022. Following the earnings release, the management team will host a conference call at 4:30 PM ET to discuss the financial results and provide a business update. Investors can access the live webcast via the company’s investor section of its website. Ocular Therapeutix focuses on developing innovative therapies for eye diseases, including its FDA-approved product DEXTENZA®.

Ocular Therapeutix (NASDAQ:OCUL) announced its participation in the ARVO Annual Meeting from May 1-4 in Denver, presenting key clinical and pre-clinical data from its eye disease therapies. The company highlighted its hydrogel platform's potential to enhance treatment efficacy and reduce complexities in managing eye diseases. Notable presentations include results on OTX-DED for dry eye disease and OTX-TKI for retinal diseases. The company remains optimistic about advancing its pipeline and addressing unmet medical needs in ophthalmology.

Ocular Therapeutix (NASDAQ:OCUL) announced a strong presence at the 2022 American Society of Cataract and Refractive Surgery (ASCRS) Annual Meeting. The company showcased updates on DEXTENZA, an FDA-approved treatment for ocular inflammation and allergic conjunctivitis, along with the OTX-DED for dry eye disease. Multiple presentations highlighted the efficacy of these therapies, underscoring the potential of Ocular Therapeutix's hydrogel technology to address unmet needs in ophthalmic care. The meeting is set for April 22-26, 2022, in Washington, D.C.

AffaMed Therapeutics announced the approval of DEXTENZA in Macau, China, for treating ocular inflammation and pain post-ophthalmic surgery. This approval follows a licensing agreement with Ocular Therapeutix (NASDAQ: OCUL) for its development in Greater China, South Korea, and some ASEAN markets. DEXTENZA is already FDA-approved for similar indications in the U.S. The product is notable as the first sustained-release intracanalicular insert in Macau, allowing for a preservative-free dose of dexamethasone for 30 days with a single administration. Future expansion of indications is planned.

Ocular Therapeutix, Inc. (NASDAQ:OCUL) announced that CEO Antony Mattessich will participate in a fireside chat at the Cowen 42nd Annual Healthcare Conference on March 9, 2022, at 9:10 AM EDT. The management team will also hold investor meetings during the event. Interested investors can schedule meetings through their Cowen representatives. A live webcast of the presentation will be available on the company's website. Ocular Therapeutix specializes in innovative therapies for eye conditions, including its FDA-approved product, DEXTENZA, and its ongoing clinical trials for various ophthalmic treatments.

Ocular Therapeutix reported Q4 2021 financial results, highlighting net sales of DEXTENZA® at $12.2 million, a 77% year-over-year increase, despite challenges from the Omicron variant. The establishment of a dedicated business unit for DEXTENZA aims to enhance its market presence. The company also completed enrollment for the U.S. clinical trial of OTX-TKI, with data expected in late 2022. Overall, net loss narrowed to $(3.9 million) from $(85.6 million), reflecting improved financial health.

Ocular Therapeutix, Inc. (Nasdaq: OCUL) will release its fourth quarter and year-end financial results on February 28, 2022, after market close. A live conference call will follow at 4:30 p.m. ET to discuss results and provide business updates. The call can be accessed via their website or through provided phone numbers. The company focuses on innovative eye therapies, including the FDA-approved DEXTENZA®. Their pipeline includes OTX-TKI and OTX-TIC, both in clinical trials for various eye conditions.