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OKYO Positive Sentiment

OKYO Pharma Announces Chairman and CEO Acquire Shares

Key Takeaway: OKYO Pharma Limited has announced that CEO Gary S. Jacob and Executive Chairman Gabriele Cerrone have purchased shares of the company at $1.04 each. Jacob acquired 10,000 shares, while Cerrone's entity bought 20,000 shares, increasing his total ownership to nearly 29% of the company. OKYO is focused on developing therapies for neuropathic corneal pain and inflammatory dry eye disease.
Price reaction · baseline $1.1 (2025-01-30 close) · hit pre-market · clean, no other OKYO news in the window
day 0 close
-3.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • CEO Gary S. Jacob and Executive Chairman Gabriele Cerrone are investing in the company.
  • The company is developing therapies for conditions with significant unmet needs.
  • OKYO has completed a Phase 2 trial for its DED treatment, indicating progress.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+13%
120-day peak, hindsight
Typical move
9%
average across 7 past catalysts
Lead asset
OK-101
Phase 2 · Dry Eye Disease

Full Press Release Details

London 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 per share.
We 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.
About OKYO
OKYO 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.
Enquiries:

Frequently Asked Questions

What shares did OKYO Pharma's CEO acquire?

CEO Gary S. Jacob purchased 10,000 ordinary shares at $1.04 each.

How much of OKYO Pharma does Gabriele Cerrone own?

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

What conditions is OKYO Pharma targeting?

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

What is the status of OKYO's clinical trials?

OKYO has completed a Phase 2 trial for its dry eye disease treatment and is evaluating it for neuropathic corneal pain.

Last updated: Jan 31, 2025