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Stock impact report

Alimera jumps 48% on deal with EyePoint for eye disorder therapy Yutiq [Seeking Alpha]

Alimera Sciences, Inc. (ALIM) 
Last alimera sciences, inc. earnings: 4/29 04:00 pm Check Earnings Report
Company Research Source: Seeking Alpha
Alimera jumps 48% on deal with EyePoint for eye disorder therapy YutiqMay 18, 2023 7:49 AM ETAlimera Sciences, Inc. (ALIM)EYPTBy:Dulan LokuwithanaSA Editorrafal_olechowskiNano-cap pharma Alimera Sciences (NASDAQ:added ~48%The treatment, also known as fluocinolone acetonide intravitreal insert, is a once-very-three-year therapy for chronic non-infectious uveitis affectingthe posterior segment of the eye.The company has previously partnered with EyePoint (gained ~10%Yutiq net product revenue reached $28.3M in 2022, indicating a ~67% YoY rise, and in Q1 2023, the treatment generated $7.4M in net product revenue with ~60% YoY growth.Alimera (Per the terms, Alimera (â??We believe there are immediate synergies in adding YUTIQ to our portfolio that will be accretive to revenue, Adjusted EBITDA and cash flow in the second half of 2023,â? Chief Executive ofALIM Rick Eiswirth remarked.Meanwhile, EyePoint (cash runway into 2025.More on Yutiq and Iluvien Show less Read more
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