OKYO Pharma (Nasdaq: OKYO) chair buys more shares, now owns 20.55%
Rhea-AI Filing Summary
OKYO Pharma Limited reported that Chairman Gabriele Cerrone, through Panetta Partners Ltd, acquired 22,500 ordinary shares at $1.45 per share. Following this purchase, he beneficially holds 10,873,916 ordinary shares, representing 20.55% of the company’s issued share capital.
OKYO Pharma is a clinical-stage biopharmaceutical company developing therapies for neuropathic corneal pain and anterior segment eye diseases. The company plans a global Phase 3 pivotal trial of urcosimod in the second half of this year, targeting enrollment of approximately 111 patients on a single-dose regimen.
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Key Figures
Recent share purchase: 22,500 ordinary shares
Purchase price: $1.45 per share
Chairman total holdings: 10,873,916 ordinary shares
+2 more
5 metrics
Recent share purchase
22,500 ordinary shares
Shares acquired by Chairman Gabriele Cerrone through Panetta Partners Ltd
Purchase price
$1.45 per share
Price paid for the 22,500 ordinary shares acquired by the chairman-associated entity
Chairman total holdings
10,873,916 ordinary shares
Total ordinary shares beneficially held by the Chairman after the purchase
Ownership percentage
20.55% of issued share capital
Chairman’s beneficial ownership of OKYO Pharma after the transaction
Planned trial enrollment
approximately 111 patients
Target enrollment for the planned global Phase 3 urcosimod trial in NCP
Key Terms
neuropathic corneal pain (NCP), anterior segment eye diseases, Phase 3 pivotal clinical trial, issued share capital, +1 more
5 terms
neuropathic corneal pain (NCP) medical
"developing investigational therapies for the treatment of neuropathic corneal pain (NCP)"
Neuropathic corneal pain is chronic eye pain caused by damage or abnormal signaling in the nerves of the cornea, producing burning, stinging, or painful sensitivity often without visible surface injury. It matters to investors because it creates demand for specialized diagnostics and long‑term treatments distinct from standard eye drops—think of it like phantom limb pain for the eye—making it a potential market for new therapies and medical devices.
anterior segment eye diseases medical
"and anterior segment eye diseases, with ordinary shares listed"
Diseases of the anterior segment of the eye are medical conditions that affect the front part of the eye—including the cornea, iris, lens, and the front chamber—similar to damage or fogging on a car’s windshield that interferes with vision. They matter to investors because this category drives demand for drugs, surgical devices, diagnostic tools, and clinical trials; prevalence, regulatory approvals, and reimbursement decisions can directly affect companies’ revenues and valuations.
Phase 3 pivotal clinical trial medical
"plans to initiate a global Phase 3 pivotal clinical trial in the second"
A phase 3 pivotal clinical trial is the late-stage, large-scale human study designed to confirm a medical treatment’s safety and effectiveness and provide the main evidence regulators use to decide on approval. For investors it’s a make-or-break test: a successful result is like a final dress rehearsal that clears the way for product launch and future sales, while failure can halt development and erase expected value.
beneficial interest financial
"Panetta Partners Ltd, an entity in which he has a beneficial interest, has increased his holdings"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of OKYO Pharma (OKYO) does the chairman now own?
After the latest purchase, Chairman Gabriele Cerrone beneficially owns 20.55% of OKYO Pharma’s issued share capital. This reflects holdings of 10,873,916 ordinary shares, acquired directly and through Panetta Partners Ltd, an entity in which he has a beneficial interest.
What is OKYO Pharma (OKYO) developing as its lead program?
OKYO Pharma is a clinical-stage biopharmaceutical company developing investigational therapies for neuropathic corneal pain (NCP) and anterior segment eye diseases. Its lead candidate, urcosimod, is being advanced toward a pivotal Phase 3 trial targeting patients with NCP.
What are the key details of OKYO Pharma’s (OKYO) planned Phase 3 urcosimod trial?
OKYO Pharma plans to initiate a global Phase 3 pivotal clinical trial in the second half of this year, enrolling approximately 111 patients. The study will evaluate a single-dose regimen of urcosimod for the treatment of neuropathic corneal pain (NCP).
