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Ocular Therapeutix™ To Report First Quarter 2023 Financial Results

Key Takeaway: Ocular Therapeutix, Inc. is set to report its first quarter financial results for 2023 on May 8, 2023, after market close. The announcement includes a live conference call and webcast to discuss the results and offer a business update. The company is known for its innovative therapies targeting diseases of the eye and has several products in various stages of development, including FDA-approved treatments and ongoing clinical trials.
Price reaction · baseline $6.43 (2023-04-21 close) · clean, no other OCUL news in the window
day 0 close · peak
-3.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Ocular Therapeutix is preparing to report its financial performance, indicating ongoing operations.
  • The company has a robust pipeline of innovative therapies for eye diseases, demonstrating commitment to research and development.
  • There are multiple promising clinical trials currently underway for new treatments.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+60%
120-day peak, hindsight
Typical move
5.4%
average across 10 past catalysts
Cash runway
~22 mo
Low dilution risk
Lead asset
OTX-TKI
Phase 3 · Neovascular Age-related Macular Degeneration

Full Press Release Details

BEDFORD, Mass., April 24, 2023 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ:OCUL), a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye, today announced that it will report first quarter ended March 31, 2023 financial results after the close on Monday, May 8, 2023. Following distribution of the earnings release via wire services, the Ocular Therapeutix management team will host a live conference call and webcast at 4:30 p.m. Eastern Time to review the Company’s financial results and provide a general business update.
Listeners can register for the webcast via this link. Those who plan on participating are advised to join 15 minutes prior to the start time. Analysts wishing to participate in the question and answer session should use this link. A replay of the webcast will be available via the Company’s investor website approximately two hours after the call’s conclusion for 90 days.
About Ocular Therapeutix, Inc.
Ocular Therapeutix, Inc. is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology. Ocular Therapeutix’s first commercial drug product, DEXTENZA®, is an FDA-approved corticosteroid for the treatment of ocular inflammation and pain following ophthalmic surgery and ocular itching associated with allergic conjunctivitis. Ocular Therapeutix’s earlier stage development assets include: OTX-TKI (axitinib intravitreal implant), currently in Phase 1 clinical trials for the treatment of wet AMD and diabetic retinopathy; OTX-TIC (travoprost intracameral implant), currently in a Phase 2 clinical trial for the treatment of primary open-angle glaucoma or ocular hypertension; and OTX-DED (dexamethasone intracanalicular insert) for the short-term treatment of the signs and symptoms of dry eye disease; and OTX-CSI (cyclosporine intracanalicular insert) for the chronic treatment of dry eye disease, both of which have completed Phase 2 clinical trials.

Frequently Asked Questions

When will Ocular Therapeutix report its Q1 financial results?

Ocular Therapeutix will report its first quarter financial results on May 8, 2023.

How can I join the Ocular Therapeutix earnings call?

Listeners can register for the earnings call and webcast via the provided link.

What is DEXTENZA® used to treat?

DEXTENZA® is FDA-approved for ocular inflammation and pain post-surgery and allergic conjunctivitis.

Which clinical trials are in progress for Ocular Therapeutix?

Current trials include OTX-TKI for wet AMD and diabetic retinopathy and OTX-TIC for glaucoma.

How long will the webcast replay be available?

The webcast replay will be accessible on the investor website for 90 days.

Last updated: Apr 24, 2023