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Eyenovia Announces Independent Director Stephen Benjamin to Step Down to Assume Role of Head of White House's Office of Public Engagement

Key Takeaway: Eyenovia announces that Stephen Benjamin, an independent director, is stepping down from the Board to take on the role of Head of the White House's Office of Public Engagement. His tenure at Eyenovia started in February 2022, during which he provided valuable insights. The company is pleased with his new opportunity and will begin the search for a successor on the Board. Eyenovia continues to develop its innovative ophthalmic technologies amidst this change.

Market Sentiment Analysis

POSITIVE FACTORS

  • Stephen Benjamin's new role is a prestigious opportunity that reflects well on his leadership qualities.
  • Eyenovia expresses strong support and goodwill towards Benjamin as he transitions into a high-profile government position.
  • Benjamin's contributions over the past year have been acknowledged as beneficial to Eyenovia's success.

Full Press Release Details

Eyenovia Announces Independent Director Stephen
Benjamin to Step Down to Assume Role of
Head of White House's Office of Public
NEW YORK- February 28, 2023-Eyenovia,
Inc. (NASDAQ: EYEN), a pre-commercial ophthalmic technology company developing the Optejet delivery system for use both in connection
with its own drug-device therapeutic programs for mydriasis, presbyopia and pediatric progressive myopia as well as out-licensing for
additional indications, today announced that Stephen Benjamin, an independent director on the Company's Board of Directors, is stepping
down to assume the role of Head of the White House's Office of Public Engagement.
Mr. Benjamin, an attorney, former three-term mayor
of Columbia, South Carolina and 76th President of the U.S. Conference of Mayors, with an extensive record of achievement in
government and the public sector, joined the Eyenovia Board in February 2022.
"We are beyond thrilled for Stephen, and
wish him all the best in this important and high-profile role within the President's administration," stated Michael Rowe,
Chief Executive Officer of Eyenovia. "Over the past year, Steve Benjamin's insights and guidance have served us well at Eyenovia,
and it is due in part to his service that we have achieved so much during that time."
Eyenovia's Board will continue to consist
of seven members. A search for Mr. Benjamin's successor on the Eyenovia Board has been initiated.
About Eyenovia, Inc.
Eyenovia, Inc. (NASDAQ:
EYEN) is an ophthalmic pharmaceutical technology company developing a pipeline of microdose array print (MAPTM) therapeutics.
Eyenovia is currently focused on the late-stage development of microdosed medications for mydriasis, presbyopia and myopia progression.
For more information, visit Eyenovia.com.
The Eyenovia Corporate
Information slide deck may be found at ir.eyenovia.com/events-and-presentations.
Forward-Looking Statements
Except for historical information, all the statements,
expectations and assumptions contained in this presentation are forward-looking statements. Forward-looking statements include, but are
not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating
to our future activities or other future events or conditions, including estimated market opportunities for our product candidates and
platform technology. These statements are based on current expectations, estimates and projections about our business based, in part,
on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Therefore, actual outcomes and results may, and in some cases are likely to, differ materially from what
is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we
file with the U.S. Securities and Exchange Commission.
In addition, such statements could be affected
by risks and uncertainties related to, among other things: risks of our clinical trials, including, but not limited to, the costs, design,
initiation and enrollment, timing, progress and results of such trials; the timing of, and our ability to submit applications for, obtaining
and maintaining regulatory approvals for our product candidates; the potential advantages of our product candidates and platform technology;
the rate and degree of market acceptance and clinical utility of our product candidates; our estimates regarding the potential market
opportunity for our product candidates; reliance on third parties to develop and commercialize our product candidates; the ability of
us and our partners to timely develop, implement and maintain manufacturing, commercialization and marketing capabilities and strategies
for our product candidates; intellectual property risks; changes in legal, regulatory, legislative and geopolitical environments in the
markets in which we operate and the impact of these changes on our ability to obtain regulatory approval for our products; and our competitive
Any forward-looking statements speak only as of
the date on which they are made, and except as may be required under applicable securities laws, Eyenovia does not undertake
any obligation to update any forward-looking statements.
Chief Financial Officer
Eyenovia Investor Contact:
LifeSci Advisors, LLC
Eyenovia Media Contact:
Vice President, Commercial Operations

Frequently Asked Questions

Who is stepping down from Eyenovia's Board of Directors?

Stephen Benjamin is resigning from Eyenovia's Board to head the White House's Office of Public Engagement.

What role did Stephen Benjamin hold at Eyenovia?

He served as an independent director on Eyenovia's Board of Directors since February 2022.

What is Eyenovia focused on developing?

Eyenovia is developing microdose array print therapeutics for mydriasis, presbyopia, and myopia progression.

Who commented on Stephen Benjamin's departure?

Michael Rowe, CEO of Eyenovia, expressed excitement for Benjamin's new role.

How many members are on Eyenovia's Board after Benjamin's departure?

Eyenovia's Board will continue to have seven members following Mr. Benjamin's resignation.

Last updated: Feb 28, 2023