Oculis AG(OCS)

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Oculis Announces Pricing of $100 Million Oversubscribed Offering of Ordinary Shares
GlobeNewswire· 2025-02-14 00:39
Core Viewpoint - Oculis Holding AG has announced an underwritten offering of 5,000,000 ordinary shares priced at $20.00 per share, aiming for total gross proceeds of $100 million to support its clinical development pipeline and general corporate purposes [1][3]. Group 1: Offering Details - The offering is oversubscribed and is expected to close on or about February 18, 2025, pending customary closing conditions [2]. - The new shares will be issued from the Company's existing capital band, increasing the total number of registered shares to 53,943,700 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the clinical development of the neuroprotective candidate Privosegtor (OCS-05) and for working capital and general corporate purposes [3]. Group 3: Company Overview - Oculis is a global biopharmaceutical company focused on innovations for ophthalmic and neuro-ophthalmic diseases, with a pipeline that includes OCS-01 for diabetic macular edema and Licaminlimab (OCS-02) for dry eye disease [5].
Here's Why Momentum in Oculis Holding AG (OCS) Should Keep going
ZACKS· 2025-01-29 14:51
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires solid fundamentals to maintain that momentum. Group 1: Stock Performance - Oculis Holding AG (OCS) has shown a solid price increase of 27.2% over the past 12 weeks, indicating strong investor interest [4] - The stock has also increased by 31.4% over the last four weeks, suggesting that the upward trend is still intact [5] - OCS is currently trading at 94% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - OCS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like OCS that have sufficient fundamental strength to maintain their recent uptrend [3] - The article suggests that there are several other stocks passing through this screen, indicating potential investment opportunities [8]
Oculis Announces Positive OCS-05 Phase 2 ACUITY Trial in Acute Optic Neuritis, Met Primary Safety Endpoint and Key Secondary Efficacy Endpoints Opening Development Pathways as a Potential First-in-Class Neuroprotective Therapy
GlobeNewswire· 2025-01-06 08:47
Clinical Trial Results - OCS-05 achieved the primary safety endpoint and demonstrated statistically significant results on key secondary efficacy endpoints in the Phase 2 ACUITY trial for acute optic neuritis [1][3] - The trial showed a 43% improvement in Ganglion Cell-Inner Plexiform Layer (GCIPL) thickness and a 28% improvement in Retinal Nerve Fiber Layer (RNFL) thickness at month 3, with further improvements at month 6 [5][7] - OCS-05 demonstrated a favorable difference in Low Contrast Letter Acuity (LCVA) mean change from baseline of approximately 18 letters at month 3 and 15 letters at month 6 [8] Safety and Tolerability - OCS-05 showed a favorable safety and tolerability profile compared to placebo, with no drug-related serious adverse events (SAEs) or AEs leading to drug withdrawal or study discontinuation [6][9] - The most frequently reported drug-related AEs in the OCS-05 treatment group were headache and acne, each occurring in 10.5% of patients [9] Regulatory and Development Status - OCS-05 has received orphan drug designation from both the FDA and EMA for acute optic neuritis [8] - The Investigational New Drug (IND) application for OCS-05 has been cleared by the FDA, enabling the initiation of clinical development in the United States [9][10] Company and Pipeline Overview - Oculis is a global biopharmaceutical company focused on developing innovative treatments for eye care, with a pipeline including OCS-01, OCS-02, and OCS-05 [19] - The company has a strong financial position with approximately $105 to 110 million in cash, cash equivalents, and short-term investments [10] Market and Medical Need - Acute optic neuritis is a rare condition affecting up to 8 in 100,000 people worldwide, with no currently approved therapies specifically indicated for the condition [15] - There is a critical unmet need for neuroprotective therapies to preserve vision and prevent permanent visual impairment in acute optic neuritis patients [8][15]
Oculis Publishes Notification of Major Changes in Voting Rights
GlobeNewswire· 2025-01-03 23:48
Major Changes in Voting Rights - Brunnur Vaxtarsjóður slhf has distributed its shares in Oculis Holding AG to its shareholders, resulting in major changes in voting rights [1] - The notification pertains to the distribution of shares by Brunnur Vaxtarsjóður slhf, which impacts the voting rights structure [2] Corporate Actions - The distribution of shares in Oculis Holding AG by Brunnur Vaxtarsjóður slhf is a significant corporate action affecting shareholder rights [1][2]
Oculis Publishes Notifications of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated
GlobeNewswire News Room· 2024-11-29 09:00
Group 1 - The news pertains to the vesting of earnout shares and the removal of restrictions on these ordinary shares [1]
Oculis Publishes Notification of Transaction by Person Discharging Managerial Responsibilities
GlobeNewswire News Room· 2024-11-27 09:15
Core Points - The notification pertains to a one-time equity incentive award issued to a director of the Company for independent consulting services [1] Summary by Category - **Equity Incentive Award**: A one-time equity incentive award has been granted to a director of the Company [1] - **Consulting Services**: The award is in recognition of the director's independent services as a consultant to the Company [1]
Oculis to Present at the Stifel 2024 Healthcare Conference
GlobeNewswire News Room· 2024-11-13 09:00
Company Overview - Oculis Holding AG is a global biopharmaceutical company focused on saving sight and improving eye care [3] - The company has a differentiated pipeline with multiple innovative product candidates, including OCS-01 for diabetic macular edema and post-cataract surgery inflammation, licaminlimab (OCS-02) for dry eye disease and non-infectious anterior uveitis, and OCS-05 for acute optic neuritis [3] - Oculis is headquartered in Switzerland and operates in the U.S. and Iceland, aiming to enhance the health and quality of life for patients globally [3] Upcoming Events - Oculis management will participate in the Stifel 2024 Healthcare Conference on November 18-19, 2024, at the Lotte New York Palace Hotel [1] - CFO Sylvia Cheung will engage in a fireside chat on November 18, 2024, at 3:35 pm ET, with a live webcast available [2] - The company will also hold one-on-one meetings during the conference for interested investors [2]
Oculis Holding AG (OCS) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 13:06
Oculis Holding AG (OCS) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.52. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.77%. A quarter ago, it was expected that this company would post a loss of $0.43 per share when it actually produced a loss of $0.56, delivering a surprise of -30.23%.Over the last four quarters, the company has surpas ...
Oculis Reports Q3 2024 Financial Results and Provides Company Updates
GlobeNewswire News Room· 2024-11-07 09:00
Significant advancement on product portfolio, including enrollment in the OCS-01 DIAMOND Phase 3 program in DME and OCS-05 Phase 2 ACUITY trial in acute optic neuritis (AON) with topline readout anticipated in December 2024Leadership team bolstered with extensive experience in key areas as the Company advances its late-stage pipeline and prepares for commercial phaseCash, cash equivalents and short-term investments of $125.0 million as of September 30, 2024, provides cash runway into 2H 2026 ZUG, Switzerlan ...
Oculis Holding AG (OCS) Moves 7.9% Higher: Will This Strength Last?
ZACKS· 2024-10-29 09:50
Oculis Holding AG (OCS) shares soared 7.9% in the last trading session to close at $17.05. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.3% gain over the past four weeks.Earlier this month, the company announced the acceleration of patient enrollment for both the phase III DIAMOND studies evaluating OCS-01, a topical eye drop candidate for treating diabetic macular edema, and the expansion of the DIAMOND program committees w ...