OKYO Pharma Limited develops investigational ophthalmic therapies for neuropathic corneal pain and inflammatory eye diseases. The company’s lead candidate, urcosimod, formerly OK-101, is described as a lipid-conjugated chemerin peptide agonist of the ChemR23 G-protein coupled receptor, with development centered on ocular pain and inflammation.
Recurring company updates cover urcosimod clinical data, patient-reported outcomes from a completed Phase 2 study in neuropathic corneal pain, FDA IND and Fast Track status for the NCP program, scientific advisory and ophthalmology-conference presentations, ordinary-share ownership disclosures, and purchases of Nasdaq-listed ordinary shares by company insiders.
OKYO Pharma Limited (LSE: OKYO; NASDAQ: OKYO) announced that Panetta Partners Limited, associated with Executive Chairman Gabriele Cerrone, purchased 25,000 American Depository Shares (ADS) at $3.8749 each on May 17, 2022. This transaction increased Cerrone's beneficial interest from 39.52% to 39.64%. However, with an upcoming offering closing on May 19, 2022, his stake will be diluted to 38.50%. The ADS represents 65 ordinary shares, and the transaction occurred on NASDAQ.
OKYO Pharma Limited has announced the pricing of its underwritten initial public offering (IPO) of American Depositary Shares (ADSs) on the Nasdaq Capital Market. The company will issue 625,000 ADSs at $4.00 each, raising approximately $2.5 million in gross proceeds. The offering is expected to close on May 19, 2022. Funds will be used for advancing clinical trials and general corporate needs. The total number of Ordinary Shares after the offering will reach 1,415,040,468.
OKYO Pharma Limited has announced a public offering of 625,000 American Depositary Shares (ADSs) at $4.00 each, expected to raise approximately $2,500,000. An additional 93,750 ADSs may be purchased by underwriters to cover over-allotments. The offering is set to close on May 19, 2022, pending customary conditions. Proceeds will fund the IND filing for OK-101 targeting Dry Eye Disease (DED) and support an initial Phase 2 clinical trial. The ADSs will begin trading on Nasdaq under the symbol ‘OKYO’ from May 17, 2022.