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Graybug Vision, Inc. (GRAY)

NasdaqGM - NasdaqGM Real-time price. Currency in USD
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3.6700+0.1700 (+4.86%)
At close: 4:00PM EDT
3.6600 -0.01 (-0.27%)
After hours: 07:57PM EDT
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Previous close3.5000
Open3.5000
Bid3.6700 x 800
Ask3.7300 x 1000
Day's range3.5000 - 3.7900
52-week range3.4300 - 37.8800
Volume373,010
Avg. volume831,626
Market cap78.115M
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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News
  • GlobeNewswire

    Graybug Vision Announces Financial Results for the Three and Six Months Ended June 30, 2021, and Recent Corporate Developments

    REDWOOD CITY, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Graybug Vision, Inc. (Nasdaq: GRAY), a clinical-stage biopharmaceutical company focused on developing transformative medicines for the treatment of diseases of the retina and optic nerve, today provided an update on recent corporate developments and reported financial results for the three and six months ended June 30, 2021. Recent Corporate Developments Completed six-month extended observation period of ALTISSIMO Phase 2b trial in wet AMD—

  • GlobeNewswire

    Graybug Vision to Participate in the 2021 Wedbush PacGrow Healthcare Virtual Conference

    REDWOOD CITY, Calif., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Graybug Vision, Inc. (Nasdaq: GRAY), a clinical-stage biopharmaceutical company focused on developing transformative medicines for the treatment of diseases of the retina and optic nerve, today announced that Fred Guerard, PharmD, Chief Executive Officer of Graybug Vision, will participate in a panel discussion titled “Goldeneye” at the Wedbush PacGrow Healthcare Conference on Wednesday, August 11, 2021 at 9:45 a.m. ET / 6:45 a.m. PT. A liv

  • GlobeNewswire

    Graybug Vision Announces First Quarter 2021 Financial Results and Recent Corporate Developments

    REDWOOD CITY, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- Graybug Vision, Inc. (Nasdaq: GRAY), a clinical-stage biopharmaceutical company focused on developing transformative medicines for the treatment of diseases of the retina and optic nerve, today provided an update on recent corporate developments and reported financial results for the quarter ended March 31, 2021. Recent Corporate Developments Full-data analysis from 12-month treatment phase of ALTISSIMO Phase 2b trial in wet AMD— GB-102 1mg has shown competitive durability and anatomical control versus aflibercept; trend in mean BCVA of GB-102 1mg compared to aflibercept driven primarily by a subgroup of patients.Six-month observational trial extension of ALTISSIMO still underway— 14 of 28 patients enrolled have completed at least five months of the extension period without requiring additional supportive therapy, with six of those having completed all six months. Seeking partner for funding of additional wet AMD clinical trials— Enhanced formulations of GB-102 being developed and preclinical work progressing in parallel.Clinical focus shifting to advancement of GB-401 implant for glaucoma— Disclosed development of implant technology for GB-401 with potential application to GB-102. Anticipated Milestones Complete six-month observational trial extension of ALTISSIMO by June 2021, with topline data expected in 3Q 2021.Expected to present full results of ALTISSIMO trial at a medical conference in 4Q 2021.Submit Investigational New Drug (IND) application for GB-401, an injectable formulation of a beta-adrenergic blocker prodrug, for primary open-angle glaucoma, with a dosing regimen of once every six months or longer, in the first half of 2022.Commence a Phase 1 trial for GB-401 implant in glaucoma in the first half of 2022. First Quarter 2021 Financial Results Net loss for the quarter ended March 31, 2021 was $11.4 million compared to $7.8 million for the same period in 2020. Research and development expense for the quarter ended March 31, 2021 was $6.4 million compared to $6.1 million for the same period in 2020. The increase was primarily due to fees incurred upon the cancellation of clinical supply orders for the GB-102 Phase 3 trial and increased compensation costs, offset in part by a reduction in clinical trial expenses due to the completion of the treatment phase of the ALTISSIMO trial in December 2020. General and administrative expense for the quarter ended March 31, 2021 was $5.0 million compared to $1.7 million for the same period in 2020. The increase in 2021 was primarily due to the write-off of deposits on fixed assets purchase commitments, an increase in stock-based compensation and an increase in headcount, and the increased cost of additional directors and officers insurance as a result of becoming a public company. As of March 31, 2021, the company’s cash, cash equivalents, and short-term investments totaled $85.7 million, compared to $95.0 million as of December 31, 2020. The decrease was primarily due to the loss from operations of $11.5 million. The company’s current cash and investments are sufficient to support its currently planned operations into the first half of 2023. About Graybug Graybug is a clinical-stage biopharmaceutical company focused on developing transformative medicines for the treatment of diseases of the retina and optic nerve. The company’s proprietary ocular delivery technologies are designed to maintain effective drug levels in ocular tissue for six months and potentially longer, improving disease management, reducing healthcare burdens and ultimately delivering better clinical outcomes. Graybug’s lead product candidate, GB-102, a formulation of the pan-vascular endothelial growth factor (VEGF) inhibitor, sunitinib malate targeting a six-month or longer dosing regimen, inhibits multiple neovascular pathways for the intravitreal treatment of retinal diseases, including wet age-related macular degeneration. Graybug’s other product candidates developed using its proprietary technologies also include GB-401, an injectable sustained-release formulation of a beta-adrenergic blocker prodrug, for primary open-angle glaucoma, with a dosing regimen of once every six months or longer, and GB-103, a longer-acting version of GB-102, designed to maintain therapeutic drug levels in the retinal tissue for 12 months with a single injection. Founded in 2011 on the basis of technology licensed from the Johns Hopkins University School of Medicine, Graybug is headquartered in Redwood City, California. For more information, please visit www.graybug.vision. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements regarding the company’s clinical pipeline, its ability to identify a partner to advance the development of GB-102 for wet AMD, the timing or outcomes of its interactions with regulatory authorities, its ability to advance GB-102, GB-103, GB-401, or any future product candidate through preclinical or clinical development, its ability to timely secure a partner to fund further development of GB-102 on reasonable terms if at all, its ability to achieve its anticipated milestones within the timing outlined above or at all, its ability to conduct planned operations within the evolving constraints arising from the COVID-19 pandemic, the company’s operating results and use of cash, the company’s operations as a public company, the company’s management and board of directors, and the timing, cost, and results of its clinical trials. Forward-looking statements are subject to risks and uncertainties that may cause the company’s actual activities or results to differ significantly from those expressed in any forward-looking statement, including risks and uncertainties described under the heading “Risk Factors” in the company’s annual report on Form 10-K filed for the year ended December 31, 2020, and the other reports the company files from time to time with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release, and the company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof. Investor ContactIR@graybug.vision(650) 487-2409Media Contactmedia@graybug.vision(404) 384-0067 GRAYBUG VISION, INC.Condensed Statements of Operations(In thousands, except share and per share amounts; unaudited) Three Months Ended March 31, 2021 2020 Operating expenses: Research and development $6,448 $6,085 General and administrative 5,040 1,711 Total operating expenses 11,488 7,796 Loss from operations (11,488) (7,796) Interest income 39 108 Change in fair value of preferred stock tranche obligation — (106) Net loss (11,449) (7,794) Cumulative dividends on convertible preferred stock — (1,299) Net loss attributable to common stockholders $(11,449) $(9,093) Net loss per common share—basic and diluted $(0.54) $(6.61) Weighted-average number of shares outstanding used in computing net loss per common share—basic and diluted 21,020,378 1,375,177 GRAYBUG VISION, INC.Condensed Balance Sheets(In thousands) March 31, December 31, 2021 2020 (unaudited) (audited) Assets Current assets: Cash and cash equivalents$10,589 $33,418 Short-term investments 75,099 61,615 Prepaid expenses and other current assets 3,133 4,207 Total current assets 88,821 99,240 Property and equipment, net 2,002 1,946 Prepaid expenses and other non-current assets 29 608 Total assets$90,852 $101,794 Liabilities, Convertible Preferred Stock and Stockholders’ Equity Current liabilities: Accounts payable$1,956 $2,513 Accrued research and development 2,097 1,356 Other current liabilities 2,225 3,128 Total current liabilities 6,278 6,997 Deferred rent, long term portion 12 11 Total liabilities 6,290 7,008 Commitments and contingencies Convertible preferred stock Stockholders’ Equity: Preferred stock — — Common stock 2 2 Additional paid-in capital 229,376 228,155 Accumulated deficit (144,816) (133,367) Accumulated other comprehensive loss — (4) Total stockholders’ equity 84,562 94,786 Total liabilities, convertible preferred stock and stockholders’ equity$90,852 $101,794