Ocular Therapeut Stock Price, News & Analysis

Ocular Therapeutix (NASDAQ:OCUL) announced topline results from its Phase 2 clinical trial of OTX-CSI, aimed at treating dry eye disease (DED). The study involved 147 subjects over 16 weeks, evaluating the safety and efficacy of two OTX-CSI formulations. Results showed no statistical significance in increased tear production compared to vehicle controls. However, improvements in dry eye symptoms were noted, though not statistically significant. The safety profile was generally favorable with no serious adverse events reported. The company remains focused on future developments including OTX-DED and other pipeline products.

Ocular Therapeutix has received FDA approval for DEXTENZA, allowing it to treat ocular itching associated with allergic conjunctivitis. This marks the first office-based indication for DEXTENZA, previously approved for postoperative ocular pain and inflammation. DEXTENZA is a physician-administered, preservative-free intracanalicular insert that provides up to 30 days of medication with a single administration. The approval is strategically vital, expanding DEXTENZA’s market potential, as 10 million people in the U.S. seek treatment for allergic conjunctivitis annually.

Ocular Therapeutix has appointed Karen-Leigh Edwards as Senior Vice President of Technical Operations. With over 20 years of experience, she will oversee technical development, manufacturing, and quality operations. Edwards previously held senior roles at Alexion Pharmaceuticals, where she led global manufacturing strategies. The leadership believes her expertise will enhance the growth and value of Ocular's ophthalmic franchise, particularly with products like DEXTENZA and a robust pipeline of therapies nearing late-stage clinical development.

Ocular Therapeutix, Inc. (NASDAQ: OCUL) reported strong sales for its DEXTENZA® billable inserts, with 9,321 units sold in August, marking the second-highest monthly sales figure to date. This follows the sale of 6,924 units in July. The company provides product revenues through authorized specialty distributors selling to medical facilities. Ocular Therapeutix focuses on innovative therapies for eye conditions, with DEXTENZA being its first commercial drug approved by the FDA for post-surgical ocular inflammation and pain. The company anticipates a significant PDUFA action date on October 18, 2021, for an additional indication for DEXTENZA.

Ocular Therapeutix, Inc. (NASDAQ:OCUL) announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The management team will host virtual investor meetings and a pre-recorded presentation will be available starting at 7:00 AM ET on September 13. Ocular Therapeutix focuses on innovative therapies for eye conditions, featuring its FDA-approved drug DEXTENZA®. A supplemental application for DEXTENZA is set for review on October 18, 2021, targeting ocular itching from allergic conjunctivitis.

Ocular Therapeutix (NASDAQ:OCUL) will participate in the H.C. Wainwright Ophthalmology Virtual Conference on August 17, 2021. They will present two panels: Surpassing the Standard of Care for Glaucoma at 7:00 AM ET and Emerging Therapeutics for Dry Eye Disease at 2:00 PM ET. Virtual investor meetings will also be held on the same day. A pre-recorded presentation will be available starting at 7:00 AM ET and can be replayed for 90 days via the company's investor website. The company is advancing innovative ocular therapies, with a PDUFA date of October 18, 2021, for DEXTENZA.

Ocular Therapeutix (NASDAQ:OCUL) reported substantial growth in its Q2 2021 financial results, with net product revenue for DEXTENZA® escalating by nearly 700% year-over-year to $11.1 million. The company achieved record sales of nearly 25,000 billable units, a 50% increase from the previous quarter. Additionally, the first patient was dosed in the U.S. trial for OTX-TKI for wet AMD. However, the net loss decreased to $8.5 million from $36.6 million in the same period last year, reflecting improved financial conditions.

Ocular Therapeutix, Inc. (NASDAQ:OCUL) announced the termination of its collaboration with Regeneron, effective August 5, 2021. The partnership, initiated in 2016, aimed to develop products using Ocular's sustained-release hydrogel technology and Regeneron's VEGF-targeting compounds. Despite the termination, Ocular's CEO expressed gratitude for the collaboration, highlighting valuable insights gained in hydrogel formulation and administration. Ocular continues to focus on its product pipeline, including DEXTENZA, with a PDUFA target date of October 18, 2021, for a supplemental application related to allergic conjunctivitis.

Ocular Therapeutix (NASDAQ:OCUL) has commenced a Phase 1 clinical trial in the U.S. for OTX-TKI, an intravitreal implant for treating wet age-related macular degeneration (wet AMD). This trial is notable for using a single 600 µg dose, potentially offering up to six months of durability versus existing treatments. Initial data from earlier Australian trials suggest OTX-TKI shows acceptable tolerability and preliminary activity. The trial will compare the new implant with aflibercept, aiming to evaluate safety and biological activity across 20 subjects.