Ocular Therapeut Stock Price, News & Analysis

Ocular Therapeutix, Inc. (NASDAQ:OCUL) showcased significant advancements at the 2021 ASCRS Annual Meeting from July 23-27 in Las Vegas. Presentations focused on DEXTENZA® for treating post-operative ocular inflammation and pain, as well as ReSure® Sealant to prevent wound leaks. The company highlighted data supporting DEXTENZA's efficacy and ongoing pipeline developments including treatments for glaucoma, dry eye disease, and allergic conjunctivitis. The PDUFA target action date for DEXTENZA's supplemental application is set for October 18, 2021.

Ocular Therapeutix (NASDAQ:OCUL) reported preliminary net product revenue of approximately $11.7 million for Q2 2021, reflecting a 600% year-over-year increase. Net revenue from DEXTENZA® accounted for $11.1 million, while ReSure® Sealant contributed $0.6 million. In-market sales of DEXTENZA reached 24,990 units, a 50% increase from Q1 2021, driven by rising cataract procedures. The company anticipates reporting full financial results on August 9, 2021.

Ocular Therapeutix (NASDAQ:OCUL) has entered a collaboration with Mosaic Biosciences to discover new therapeutic targets for Dry Age-related Macular Degeneration (dAMD). This partnership focuses on developing novel complement inhibitors, which play a crucial role in immune response relevant to ocular health. Ocular will fund the research and retain all program inventions. AMD impacts 11-15 million adults in the U.S., with the dry form being the most common and currently lacking FDA-approved treatments. This collaboration aims to enhance Ocular's innovative ophthalmic product portfolio.

Ocular Therapeutix, Inc. (Nasdaq: OCUL) announced its participation in three key healthcare conferences in June 2021. The events include the Jefferies Virtual Healthcare Conference on June 1, The JMP Securities Life Sciences Conference on June 16, and the Raymond James Healthcare Conference on June 23. Management will hold virtual investor meetings throughout these conferences. Additionally, Ocular Therapeutix is awaiting a PDUFA target action date of October 18, 2021, for DEXTENZA, which aims to treat ocular itching related to allergic conjunctivitis.

Ocular Therapeutix (NASDAQ:OCUL) reported robust first-quarter 2021 results, with DEXTENZA® net revenue soaring by 220% year-over-year to $6.7 million. Quarterly in-market sales reached over 16,000 units, marking a 15% sequential growth. The company anticipates ongoing momentum with estimated April sales exceeding 8,000 units. Key clinical advancements were highlighted at the ARVO meeting, including updates on OTX-TKI and OTX-DED programs. Net income for the quarter was $3.1 million, driven by a non-cash gain, while R&D expenses increased to $10.9 million.

Ocular Therapeutix confirmed completion of all FDA post-approval study requirements for its ReSure® Sealant, approved in 2014 for cataract surgeries. The Device Exposure Registry Study showed no significant difference in endophthalmitis rates between sites using ReSure (0.609 per 1,000 surgeries) and those without (0.660 per 1,000 surgeries). Ocular plans to update the ReSure label to reflect these findings. This development strengthens the product's standing among surgeons.

Ocular Therapeutix (NASDAQ:OCUL) announced its participation in the ARVO Annual Meeting featuring presentations on key programs, notably OTX-TKI for wet AMD and OTX-TIC for glaucoma, with advances towards Phase 2 clinical trials. Presentations include safety studies of corticosteroids post-cataract surgery and pharmacokinetics of various hydrogel-based implants. The FDA has set a PDUFA date of October 18, 2021, for DEXTENZA to treat allergic conjunctivitis, enhancing its market potential. The company's hydrogel technology aims to provide innovative treatments for eye diseases.

Ocular Therapeutix (Nasdaq: OCUL) will announce its first quarter financial results on May 5, 2021, followed by a live conference call at 4:30 p.m. ET. The management team will discuss the financial performance and business updates. Investors can access the webcast on the company's website or call in using provided numbers. The company is focused on developing innovative eye therapies, including its FDA-approved product DEXTENZA, which is set for additional indication review on October 18, 2021.

Ocular Therapeutix (NASDAQ:OCUL) reported its financial results for Q4 2020, highlighting significant commercial and clinical advancements. DEXTENZA® sales exceeded 14,000 units, marking over 40% sequential growth. The company showcased promising interim data from Phase 1 trials of OTX-TKI and OTX-TIC, indicating favorable safety and preliminary effectiveness. Additionally, a Phase 2 trial for OTX-DED was initiated. DEXTENZA's Q4 net revenue reached $6.9 million, a 28% increase from Q3, bolstered by rising surgical volumes and new account growth. The FDA set a PDUFA date of October 18, 2021, for DEXTENZA's sNDA review.