earnings
confidence high
sentiment positive
materiality 0.80
Eyenovia Q1 net loss $5.7M; FDA approves Mydcombi for mydriasis
HYPERION DEFI, INC.
2023-Q1 EPS reported
-$0.15
- FDA approved Mydcombi (tropicamide/phenylephrine) for mydriasis, first product using Optejet delivery system.
- Received FDA feedback on Microline presbyopia candidate providing clear and efficient path forward.
- Entered co-development agreement with Formosa Pharmaceuticals to combine Optejet with APNT nanoparticle platform.
- Q1 net loss $5.7M ($0.15/share) vs $7.3M ($0.24/share) in Q1 2022; operating expenses down to $5.5M.
- Cash and equivalents $18.5M at March 31, 2023; additional $5M available on Avenue Capital credit facility.