bullish

Opthea Ltd

Opthea (OPT AU): Getting Closer to Commercialization of First Drug; Fund Raising Adds to Confidence

489 Views03 Sep 2024 22:01
Opthea completed enrollment in two Phase 3 trials for sozinibercept in wet AMD. Topline data from these trials are expected by mid-2025. The company has a cash runway through mid-2025.
What is covered in the Full Insight:
  • Introduction to Opthea Ltd
  • Phase 3 Clinical Trials and Enrollment
  • Financial Overview and Fund-Raising Initiatives
  • Leadership Appointments and Strategic Developments
  • Market Opportunities and Future Catalysts
Boomeranged on Sun, 3 Nov 2024 22:24
Opthea has completed the production of three consecutive commercial-scale drug substance batches required for the validation of the manufacturing process of sozinibercept. This is a step forward for a potential biologics license application (BLA) filing of sozinibercept in wet AMD. Recent weakness after a huge run-up in the shares seems to be a good entry point.
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