Glaukos Receives New J-Code for Epioxa
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy GKOS?
Glaukos Corporation announced the U.S. Centers for Medicare and Medicaid Services has assigned a unique, permanent Healthcare Common Procedure Coding System J-code for Epioxa HD / Epioxa for the treatment of keratoconus, a rare, sight-threatening disease that is currently far too often undiagnosed and untreated. The new J-code for Epioxa, J2789, is set to become effective July 1, 2026. It is expected to streamline the reporting and payment of Epioxa by U.S. payers over time, and has been published here on the CMS website. "The assignment of a product-specific J-code for Epioxa represents an important milestone, supporting our market access initiatives to increase access and expand coverage for patients suffering from keratoconus," said Thomas Burns, Glaukos chairman and chief executive officer. "Once effective, this new J-code is expected to enable more streamlined and consistent coverage and payment for Epioxa over time, strengthening the foundation for our commercial launch and enabling broader patient access."
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Analyst Views on GKOS
Wall Street analysts forecast GKOS stock price to rise
13 Analyst Rating
12 Buy
0 Hold
1 Sell
Strong Buy
Current: 124.550
Low
72.00
Averages
127.08
High
165.00
Current: 124.550
Low
72.00
Averages
127.08
High
165.00
About GKOS
Glaukos Corporation is an ophthalmic pharmaceutical and medical technology company. The Company is focused on developing and commercializing therapies for the treatment of glaucoma, corneal disorders and retinal diseases. Its commercial solutions and development-stage product candidates include Micro-Invasive Glaucoma Surgery (MIGS) products that primarily involve the insertion of a micro-scale device designed to reduce intraocular pressure (IOP) by restoring the natural aqueous humor outflow pathways for patients suffering from glaucoma; procedural pharmaceuticals based on an intracameral drug delivery technology designed to reduce IOP by delivering therapeutic levels of glaucoma medication from inside the eye over an extended period of time; and bio-activated pharmaceuticals that are intended to strengthen, stabilize, and reshape the cornea for patients impacted by corneal ectatic disorders, such as keratoconus or refractive disorders, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Release Schedule: Glaukos Corporation plans to release its Q1 2026 financial results after market close on April 29, 2026, with management discussing the results during a conference call and webcast at 1:30 PM PT (4:30 PM ET), providing insights into the company's financial performance and future outlook.
- Participation Details: Investors can join the conference call by dialing 800-715-9871 (U.S.) or 646-307-1963 (International) and entering Conference ID 1333241, with a replay available post-call for those unable to attend live, ensuring accessibility to key financial discussions.
- Innovative Product Launch: Since launching its first Micro-Invasive Glaucoma Surgery (MIGS) device in 2012, Glaukos has continued to innovate in the treatment of glaucoma, corneal disorders, and retinal diseases, with the 2024 launch of iDose®TR offering continuous 24/7 glaucoma drug therapy, representing a significant advancement in treatment options.
- Market Positioning and Development: As the sole developer of the FDA-approved corneal cross-linking therapy, Glaukos is committed to improving treatment outcomes for keratoconus patients through its proprietary bio-activated pharmaceutical, showcasing the company's leadership in ophthalmic medical technology.
See More
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- Innovative Drug Launch: Glaukos announces the commercial availability of Epioxa™ HD as the first FDA-approved incision-free therapy for keratoconus, representing a significant breakthrough in treatment standards that is expected to greatly enhance patient experience and recovery times.
- Patient Support Programs: The company plans to increase investments in patient awareness, education, and access, launching multiple support initiatives including a co-pay assistance program and a patient assistance program aimed at addressing the longstanding issues of underdiagnosis and undertreatment in the keratoconus patient community.
- Significant Clinical Outcomes: Epioxa reduces pain associated with traditional epithelial removal through its enriched oxygen and light mechanism, providing a more comfortable treatment experience while ensuring clinically meaningful outcomes, delivering exceptional value to patients and the healthcare system.
- Substantial Market Potential: With the launch of Epioxa, Glaukos anticipates attracting more attention from keratoconus patients, increasing market share, and driving continued growth in the ophthalmic treatment sector through innovative technologies.
See More
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- Sales Beat Expectations: The company achieved quarterly sales of $143.1 million, surpassing the analyst estimate of $136.396 million, suggesting strong product demand that could lay the groundwork for future growth.
- Future Sales Guidance: Glaukos affirmed its FY2026 sales guidance of $600 million to $620 million, demonstrating confidence in future market prospects despite current losses.
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See More
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- Optimistic Outlook for Epioxa: The newly approved Epioxa therapy for keratoconus has garnered positive interest from the physician community, suggesting it may establish a new standard of care and drive market share growth in the corneal health segment.
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See More
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- Market Reaction: Despite the EPS miss, Glaukos's stock price rose, indicating investor optimism regarding the company's revenue growth and future potential.
- Future Outlook: With the FDA's approval of the iDose TR labeling update, Glaukos is positioned to enhance its competitive edge, driving future sales growth and improving profitability.
See More
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- Earnings Release Schedule: Glaukos Corporation plans to release its Q1 2026 financial results after market close on April 29, 2026, with management discussing the results during a conference call and webcast at 1:30 PM PT (4:30 PM ET), providing insights into the company's financial performance and future outlook.
- Participation Details: Investors can join the conference call by dialing 800-715-9871 (U.S.) or 646-307-1963 (International) and entering Conference ID 1333241, with a replay available post-call for those unable to attend live, ensuring accessibility to key financial discussions.
- Innovative Product Launch: Since launching its first Micro-Invasive Glaucoma Surgery (MIGS) device in 2012, Glaukos has continued to innovate in the treatment of glaucoma, corneal disorders, and retinal diseases, with the 2024 launch of iDose®TR offering continuous 24/7 glaucoma drug therapy, representing a significant advancement in treatment options.
- Market Positioning and Development: As the sole developer of the FDA-approved corneal cross-linking therapy, Glaukos is committed to improving treatment outcomes for keratoconus patients through its proprietary bio-activated pharmaceutical, showcasing the company's leadership in ophthalmic medical technology.
See More
Epioxa™ HD: First Incision-Free Drug Therapy for Keratoconus Approved by FDA
- Innovative Drug Launch: Glaukos announces the commercial availability of Epioxa™ HD as the first FDA-approved incision-free therapy for keratoconus, representing a significant breakthrough in treatment standards that is expected to greatly enhance patient experience and recovery times.
- Patient Support Programs: The company plans to increase investments in patient awareness, education, and access, launching multiple support initiatives including a co-pay assistance program and a patient assistance program aimed at addressing the longstanding issues of underdiagnosis and undertreatment in the keratoconus patient community.
- Significant Clinical Outcomes: Epioxa reduces pain associated with traditional epithelial removal through its enriched oxygen and light mechanism, providing a more comfortable treatment experience while ensuring clinically meaningful outcomes, delivering exceptional value to patients and the healthcare system.
- Substantial Market Potential: With the launch of Epioxa, Glaukos anticipates attracting more attention from keratoconus patients, increasing market share, and driving continued growth in the ophthalmic treatment sector through innovative technologies.
See More
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- Earnings Beat: Wingstop reported an adjusted EPS of $1.00 for Q4, surpassing analyst expectations of $0.84, indicating strong profitability and boosting market confidence in the company's future performance.
- Sales Miss: The quarterly sales of $175.694 million fell short of the analyst consensus estimate of $177.533 million, yet the overall performance reflects the company's resilience in a competitive fast-food market.
- Stock Surge: Following the earnings report, Wingstop's shares jumped 17.3% to $295.31 on Wednesday, signaling optimistic investor sentiment and potentially attracting more institutional interest in the stock.
- Positive Market Reaction: The broader U.S. stock market rose, with the Dow Jones index gaining around 250 points on Wednesday, and Wingstop's strong performance further fueled market optimism, reflecting investor confidence in the recovery of the restaurant sector.
See More
Glaukos Reports Mixed Q4 Results with Analyst Revisions
- Quarterly Performance: Glaukos reported a Q4 loss of $0.28 per share, missing the analyst consensus of a $0.20 loss, indicating challenges in profitability that may affect investor confidence.
- Sales Beat Expectations: The company achieved quarterly sales of $143.1 million, surpassing the analyst estimate of $136.396 million, suggesting strong product demand that could lay the groundwork for future growth.
- Future Sales Guidance: Glaukos affirmed its FY2026 sales guidance of $600 million to $620 million, demonstrating confidence in future market prospects despite current losses.
- Analyst Rating Revisions: Needham analyst raised Glaukos' price target from $125 to $127, while Wells Fargo increased its target from $122 to $135, reflecting market recognition of the company's long-term potential.
See More
Glaukos Corporation Reports Record Q4 2025 Earnings and Strong 2026 Guidance
- Record Sales Performance: Glaukos Corporation achieved consolidated net sales of $143.1 million in Q4 2025, reflecting a 36% year-over-year increase, with full-year sales reaching $507.4 million, up 32% from 2024, indicating robust growth in the ophthalmic market.
- iDose TR Driving Growth: The iDose TR product generated approximately $45 million in sales during the fourth quarter, with expectations for a 30% year-over-year growth in the U.S. glaucoma market in 2026, highlighting its rapid market acceptance and significant future potential.
- Optimistic Outlook for Epioxa: The newly approved Epioxa therapy for keratoconus has garnered positive interest from the physician community, suggesting it may establish a new standard of care and drive market share growth in the corneal health segment.
- Ongoing Investment and Strategic Planning: The company reaffirmed its 2026 net sales guidance range of $600 million to $620 million, emphasizing a continued balance between capital investments and revenues to achieve cash flow breakeven, ensuring sustainable long-term growth.
See More
Glaukos Q4 Earnings Beat Expectations Despite EPS Miss
- Earnings Report: Glaukos reported a Q4 non-GAAP EPS of -$0.28, missing expectations by $0.08, indicating challenges in profitability despite revenue growth.
- Revenue Growth: The company achieved Q4 revenue of $143.1 million, a 35.6% year-over-year increase, exceeding market expectations by $6.08 million, reflecting strong product demand and expanding market share.
- Market Reaction: Despite the EPS miss, Glaukos's stock price rose, indicating investor optimism regarding the company's revenue growth and future potential.
- Future Outlook: With the FDA's approval of the iDose TR labeling update, Glaukos is positioned to enhance its competitive edge, driving future sales growth and improving profitability.
See More
