The resulting company will operate under the name Opus Genetics and the Nasdaq ticker symbol (IRD) RALEIGH, N.C. , Oct. 25, 2024 /PRNewswire/ -- The RD Fund (Retinal Degeneration Fund) – the venture arm of the Foundation Fighting Blindness – announces the all-stock acquisition of Opus Genetics, Inc. "Opus" (private) by Ocuphire Pharma, Inc., (Nasdaq: OCUP) a clinical-stage ophthalmic biopharmaceutical company.
On Wednesday, Ocuphire Pharma, Inc. OCUP announced the all-stock acquisition of Opus Genetics, Inc., a clinical-stage gene therapy company for inherited retinal diseases (IRDs).
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Ocuphire (Nasdaq: OCUP) for possible breaches of fiduciary duty and other violations of law in its transaction with Opus Genetics. Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Ocuphire will issue 5.2 million shares of its common stock and 14.1 thousand shares of its convertible preferred stock to existing stockholders of Opus Geneti.
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Biotechnology Industry | Healthcare Sector | Mr. George Magrath M.B.A., M.D., M.S. CEO | XMUN Exchange | US67577R1023 ISIN |
US Country | 14 Employees | - Last Dividend | 6 Nov 2020 Last Split | 23 May 2005 IPO Date |
Ocuphire Pharma, Inc. is an ambitious clinical-stage ophthalmic biopharmaceutical company dedicated to the discovery and development of innovative therapies for the treatment of refractive and retinal eye disorders, striving to meet unfulfilled needs of patients worldwide. Founded in 2018 and based in Farmington Hills, Michigan, Ocuphire Pharma has focused its efforts on tackling some of the most challenging conditions affecting vision. By channeling their resources into the development of novel treatments, they aim to improve the quality of life for individuals suffering from these eye disorders.
At the heart of Ocuphire Pharma's innovative pipeline are several product candidates at various stages of clinical and preclinical development, including: