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OKYO Pharma Announces Chairman and CEO Acquire Shares London and New York, NY

Key Takeaway: OKYO Pharma Limited announced that its CEO Gary S. Jacob and Executive Chairman Gabriele Cerrone have bought a total of 30,000 ordinary shares of the company at $1.04 per share. This purchase reflects a strong commitment from the management as the company continues developing therapies for neuropathic corneal pain and inflammatory dry eye disease, markets with significant unmet needs. Alongside their share purchases, OKYO is advancing its Phase 2 trials for its leading candidates targeting these ocular conditions.

Market Sentiment Analysis

POSITIVE FACTORS

  • CEO Gary S. Jacob purchased shares, indicating confidence in the company.
  • Executive Chairman Gabriele Cerrone increased his shareholding to nearly 29%, showing strong commitment.
  • Focus on innovative therapies for significant unmet medical needs in NCP and DED markets.

Full Press Release Details

Pharma Announces Chairman and CEO Acquire Shares
and New York, NY, January 31, 2025 - OKYO Pharma Limited (NASDAQ: OKYO), a clinical-stage biopharmaceutical
company developing innovative therapies for the treatment of neuropathic corneal pain (NCP), a severe ocular condition without an FDA
approved therapy, and for inflammatory dry eye disease (DED), a multi-billion-dollar market, announced today that it has been notified
that the Chief Executive Officer, Gary S. Jacob has purchased 10,000 of the Company's ordinary shares on NASDAQ at a price of US$1.04
have also been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, the Executive Chairman has a beneficial interest,
purchased 20,000 of the Company's ordinary shares on NASDAQ at a price of US$1.04 per share. This brings the total shareholding
of Mr Cerrone to 9,871,570 shares which is 28.96% of issued share capital.
Pharma Limited (NASDAQ: OKYO) is a clinical stage biopharmaceutical company developing innovative therapies for the treatment of NCP
and DED, with ordinary shares listed for trading on the NASDAQ Capital Market. OKYO is focused on the discovery and development of novel
molecules to treat NCP and inflammatory DED. In addition to the completed Phase 2 trial of OK-101 to treat DED patients, OKYO is also
currently evaluating OK-101 to treat NCP patients in a Phase 2 trial.
OKYO Pharma Limited Gary S. Jacob, Chief Executive Officer U.S. 917-497-7560
Business Development & Investor Relations Paul Spencer +44 (0)20 7495 2379

Frequently Asked Questions

What recent share purchases were announced by OKYO Pharma?

Gary S. Jacob bought 10,000 shares, and Gabriele Cerrone's entity bought 20,000 shares.

How much of OKYO Pharma's shares does Gabriele Cerrone own now?

Gabriele Cerrone now owns 9,871,570 shares, which is 28.96% of the company.

What ocular conditions is OKYO Pharma targeting?

OKYO Pharma is working on therapies for neuropathic corneal pain and dry eye disease.

Has OKYO Pharma conducted any clinical trials?

Yes, they completed a Phase 2 trial for OK-101 targeting dry eye disease.

Where are OKYO Pharma's shares listed?

OKYO Pharma's ordinary shares are traded on the NASDAQ Capital Market.

Last updated: Jan 31, 2025