OKYO Pharma Prices Public Offering at $1.85 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy OKYO?
Source: Newsfilter
- Offering Size: OKYO Pharma announced the pricing of 10,815,000 ordinary shares at $1.85 each, aiming for gross proceeds of approximately $20 million, demonstrating the company's proactive capital raising capabilities in the market.
- Underwriter's Option: The underwriter has a 30-day option to purchase an additional 1,622,250 shares, which, if fully exercised, would increase total proceeds to about $23 million, thereby enhancing the company's financial strength.
- Use of Proceeds: The company intends to utilize the net proceeds primarily for clinical development, general corporate purposes, and working capital, indicating its strategic focus on future product development and market expansion.
- Underwriter Details: Piper Sandler & Co. is serving as the sole manager for the offering, which is expected to close around February 17, 2026, reflecting the company's reliance on professional financial institutions to ensure the offering's success.
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Analyst Views on OKYO
Wall Street analysts forecast OKYO stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.950
Low
5.00
Averages
6.00
High
7.00
Current: 1.950
Low
5.00
Averages
6.00
High
7.00
About OKYO
OKYO Pharma Limited is a United Kingdom-based clinical-stage biopharmaceutical company developing therapies for the treatment of dry eye disease (DED) and neuropathic corneal pain (NCP). The Company is focused on the discovery and development of novel molecules to treat neuropathic corneal pain and dry eye disease. Its research program focuses on a novel G Protein-Coupled Receptor (GPCR). The Company’s lead candidate, urcosimod, is a non-steroidal anti-inflammatory and non-opioid analgesic. Urcosimod consists of a 10-mer C-terminal Chemerin sequence, a linker (PEG-8), and Palmitic acid. It has completed a Phase II trial in patients with DED and NCP. The Company also plans to evaluate its potential in benefiting patients with ocular neuropathic pain, uveitis and allergic conjunctivitis. It is also evaluating OK-201, a bovine adrenal medulla (BAM), lipidated-peptide preclinical analogue candidate that is in the developmental stage.
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.
OKYO Pharma Prices Public Offering at $1.85 per Share
- Offering Size: OKYO Pharma announced the pricing of 10,815,000 ordinary shares at $1.85 each, aiming for gross proceeds of approximately $20 million, demonstrating the company's proactive capital raising capabilities in the market.
- Underwriter's Option: The underwriter has a 30-day option to purchase an additional 1,622,250 shares, which, if fully exercised, would increase total proceeds to about $23 million, thereby enhancing the company's financial strength.
- Use of Proceeds: The company intends to utilize the net proceeds primarily for clinical development, general corporate purposes, and working capital, indicating its strategic focus on future product development and market expansion.
- Underwriter Details: Piper Sandler & Co. is serving as the sole manager for the offering, which is expected to close around February 17, 2026, reflecting the company's reliance on professional financial institutions to ensure the offering's success.
See More
OKYO Pharma Transitions ATM Facility to Leerink Partners
- Change of Financing Agent: OKYO Pharma has transitioned its ATM equity offering facility to Leerink Partners LLC, replacing B. Riley Securities Inc., aiming to enhance capital market access and financial flexibility in the biopharmaceutical sector.
- Market Access: The new ATM program allows OKYO Pharma to opportunistically sell common shares directly into the market at prevailing prices, subject to market conditions and the company's discretion, thereby raising funds without disrupting the market.
- Support for Clinical Development: CFO Keeren Shah highlighted that Leerink Partners' deep expertise in biotech and proven track record in executing ATM programs will aid in advancing the company's pipeline, particularly the lead candidate urcosimod for neuropathic corneal pain.
- Commission Structure: Under the agreement, Leerink Partners will act as the exclusive sales agent and receive a commission of 3.0% of gross proceeds from any shares sold, further optimizing OKYO Pharma's capital utilization efficiency.
See More
OKYO Pharma to Present Urcosimod Data at ASCRS Meeting
- Key Conference Presentation: OKYO Pharma's lead candidate urcosimod has been accepted for presentation at the 2026 American Society of Cataract and Refractive Surgery Annual Meeting, highlighting its potential in treating neuropathic corneal pain and likely attracting significant attention from ophthalmology experts.
- Clinical Trial Results: Urcosimod demonstrated significant pain reduction and improvements in corneal nerve health in a recently completed Phase 2 trial, providing robust clinical data that may enhance its acceptance and usage in the market.
- Future Research Plans: The company plans to initiate a 150-patient Phase 2b/3 multiple-dose study in the first half of 2026 to further validate urcosimod's efficacy, paving the way for commercialization and addressing the urgent market need for effective treatments.
- FDA Fast Track Designation: Urcosimod has received FDA fast track designation as the first IND drug for neuropathic corneal pain, showcasing its innovation in the treatment space and potential for significant commercial opportunities for the company.
See More
OKYO Pharma Achieves Successful FDA Meeting on Urcosimod
- FDA Meeting Outcomes: OKYO Pharma's Type C meeting with the FDA confirmed the clinical development plan for urcosimod in treating neuropathic corneal pain, with the FDA recognizing a ≥2-point improvement on the VAS scale as a meaningful treatment effect, indicating significant market potential for the drug.
- Statistical Guidance Support: The FDA provided guidance on the statistical analysis plan, emphasizing that if finalized before unmasking and results are strong, it could provide substantial evidence of effectiveness at a future End-of-Phase 2b/3 meeting, thereby de-risking the clinical trial pathway.
- Study Design Endorsement: The FDA endorsed the study design, sample size, and powering assumptions for urcosimod, and agreed that the Ocular Pain Assessment Survey is appropriate as supportive quality-of-life evidence, further enhancing the credibility of the clinical trial.
- Future Research Plans: OKYO plans to initiate a 120-patient Phase 2b/3 multiple-dose study in the first half of 2026, aiming to address the significant unmet medical need in neuropathic corneal pain treatment, thereby advancing the company's strategic development in the biopharmaceutical sector.
See More
OKYO Pharma (OKYO) Receives FDA Approval for Expanded Access of Urcosimod
- FDA Approval for Expanded Use: OKYO Pharma has received FDA authorization for expanded access to Urcosimod 0.05% for a single patient suffering from severe neuropathic corneal pain, addressing a significant gap in effective treatments in this area.
- Urgent Clinical Need: The request for expanded access was made for a patient with debilitating symptoms and no effective treatment options, highlighting the urgent need for therapies in neuropathic corneal pain, which could present new market opportunities for OKYO.
- Drug Mechanism Advantage: Urcosimod's dual mechanism targeting both inflammatory pathways and nerve-related pain signaling supports its evaluation in this patient population, potentially enhancing its clinical applicability and market acceptance.
- Future Research Plans: OKYO plans to initiate a 120-patient Phase 2b/3 multiple-dose study later this year to further validate Urcosimod's efficacy, which, if successful, will lay a solid foundation for the company's future growth.
See More
OKYO Pharma Appoints Robert Dempsey as CEO to Drive Growth
- Leadership Change: OKYO Pharma has appointed Robert Dempsey as CEO, succeeding Gary Jacob, who transitions to Chief Development Officer while remaining on the board, aiming to drive the company's next phase of growth through new leadership.
- Industry Experience: Dempsey brings over 20 years of global ophthalmology experience, having previously served as Group Vice President and Head of Global Ophthalmology at Shire, which is expected to provide strategic advantages to the company.
- Focus on Key Asset: The new CEO will concentrate on advancing the company's lead asset, urcosimod, for treating neuropathic corneal pain and other ocular inflammatory diseases, potentially opening new market opportunities for the firm.
- Positive Market Reaction: Following the leadership change announcement, OKYO Pharma's stock rose 7.21% on Nasdaq, closing at $2.2300, reflecting investor confidence in the new leadership and optimism about the company's future development.
See More
OKYO Pharma Prices Public Offering at $1.85 per Share
- Offering Size: OKYO Pharma announced the pricing of 10,815,000 ordinary shares at $1.85 each, aiming for gross proceeds of approximately $20 million, demonstrating the company's proactive capital raising capabilities in the market.
- Underwriter's Option: The underwriter has a 30-day option to purchase an additional 1,622,250 shares, which, if fully exercised, would increase total proceeds to about $23 million, thereby enhancing the company's financial strength.
- Use of Proceeds: The company intends to utilize the net proceeds primarily for clinical development, general corporate purposes, and working capital, indicating its strategic focus on future product development and market expansion.
- Underwriter Details: Piper Sandler & Co. is serving as the sole manager for the offering, which is expected to close around February 17, 2026, reflecting the company's reliance on professional financial institutions to ensure the offering's success.
See More
OKYO Pharma Transitions ATM Facility to Leerink Partners
- Change of Financing Agent: OKYO Pharma has transitioned its ATM equity offering facility to Leerink Partners LLC, replacing B. Riley Securities Inc., aiming to enhance capital market access and financial flexibility in the biopharmaceutical sector.
- Market Access: The new ATM program allows OKYO Pharma to opportunistically sell common shares directly into the market at prevailing prices, subject to market conditions and the company's discretion, thereby raising funds without disrupting the market.
- Support for Clinical Development: CFO Keeren Shah highlighted that Leerink Partners' deep expertise in biotech and proven track record in executing ATM programs will aid in advancing the company's pipeline, particularly the lead candidate urcosimod for neuropathic corneal pain.
- Commission Structure: Under the agreement, Leerink Partners will act as the exclusive sales agent and receive a commission of 3.0% of gross proceeds from any shares sold, further optimizing OKYO Pharma's capital utilization efficiency.
See More
OKYO Pharma to Present Urcosimod Data at ASCRS Meeting
- Key Conference Presentation: OKYO Pharma's lead candidate urcosimod has been accepted for presentation at the 2026 American Society of Cataract and Refractive Surgery Annual Meeting, highlighting its potential in treating neuropathic corneal pain and likely attracting significant attention from ophthalmology experts.
- Clinical Trial Results: Urcosimod demonstrated significant pain reduction and improvements in corneal nerve health in a recently completed Phase 2 trial, providing robust clinical data that may enhance its acceptance and usage in the market.
- Future Research Plans: The company plans to initiate a 150-patient Phase 2b/3 multiple-dose study in the first half of 2026 to further validate urcosimod's efficacy, paving the way for commercialization and addressing the urgent market need for effective treatments.
- FDA Fast Track Designation: Urcosimod has received FDA fast track designation as the first IND drug for neuropathic corneal pain, showcasing its innovation in the treatment space and potential for significant commercial opportunities for the company.
See More
OKYO Pharma Achieves Successful FDA Meeting on Urcosimod
- FDA Meeting Outcomes: OKYO Pharma's Type C meeting with the FDA confirmed the clinical development plan for urcosimod in treating neuropathic corneal pain, with the FDA recognizing a ≥2-point improvement on the VAS scale as a meaningful treatment effect, indicating significant market potential for the drug.
- Statistical Guidance Support: The FDA provided guidance on the statistical analysis plan, emphasizing that if finalized before unmasking and results are strong, it could provide substantial evidence of effectiveness at a future End-of-Phase 2b/3 meeting, thereby de-risking the clinical trial pathway.
- Study Design Endorsement: The FDA endorsed the study design, sample size, and powering assumptions for urcosimod, and agreed that the Ocular Pain Assessment Survey is appropriate as supportive quality-of-life evidence, further enhancing the credibility of the clinical trial.
- Future Research Plans: OKYO plans to initiate a 120-patient Phase 2b/3 multiple-dose study in the first half of 2026, aiming to address the significant unmet medical need in neuropathic corneal pain treatment, thereby advancing the company's strategic development in the biopharmaceutical sector.
See More
OKYO Pharma (OKYO) Receives FDA Approval for Expanded Access of Urcosimod
- FDA Approval for Expanded Use: OKYO Pharma has received FDA authorization for expanded access to Urcosimod 0.05% for a single patient suffering from severe neuropathic corneal pain, addressing a significant gap in effective treatments in this area.
- Urgent Clinical Need: The request for expanded access was made for a patient with debilitating symptoms and no effective treatment options, highlighting the urgent need for therapies in neuropathic corneal pain, which could present new market opportunities for OKYO.
- Drug Mechanism Advantage: Urcosimod's dual mechanism targeting both inflammatory pathways and nerve-related pain signaling supports its evaluation in this patient population, potentially enhancing its clinical applicability and market acceptance.
- Future Research Plans: OKYO plans to initiate a 120-patient Phase 2b/3 multiple-dose study later this year to further validate Urcosimod's efficacy, which, if successful, will lay a solid foundation for the company's future growth.
See More
OKYO Pharma Appoints Robert Dempsey as CEO to Drive Growth
- Leadership Change: OKYO Pharma has appointed Robert Dempsey as CEO, succeeding Gary Jacob, who transitions to Chief Development Officer while remaining on the board, aiming to drive the company's next phase of growth through new leadership.
- Industry Experience: Dempsey brings over 20 years of global ophthalmology experience, having previously served as Group Vice President and Head of Global Ophthalmology at Shire, which is expected to provide strategic advantages to the company.
- Focus on Key Asset: The new CEO will concentrate on advancing the company's lead asset, urcosimod, for treating neuropathic corneal pain and other ocular inflammatory diseases, potentially opening new market opportunities for the firm.
- Positive Market Reaction: Following the leadership change announcement, OKYO Pharma's stock rose 7.21% on Nasdaq, closing at $2.2300, reflecting investor confidence in the new leadership and optimism about the company's future development.
See More
