French
DeutschOyster Point Pharma
40°40′43″N 78°14′35″W / 40.678631°N 78.243038°W
| Company type | Subsidiary |
|---|---|
| Nasdaq: OYST | |
| Industry | Biotechnology |
| Founded | 2015[1] |
| Defunct | January 2023 |
| Fate | Acquired |
| Successor | Viatris |
| Headquarters | , |
Key people | Jeffrey Nau (president and CEO) |
| Owner | Viatris |
| Website | oysterpointrx |
Oyster Point Pharma was an American biopharmaceutical company based in Princeton, New Jersey, focusing on the development of pharmaceutical therapies to treat ophthalmic diseases.[2] It was acquired by Viatris in 2023.
History
[edit]The company was founded in 2015.
In October 2021, Tyrvaya was the first nasal spray approved by Food and Drug Administration to treat dry eye syndrome.[3] This became the company's lead product.
Prior to going public, Oyster Point Pharma operated at a loss of $16.5 million in 2018.[4]
In February 2019, still at clinical stage, the company raised $93 million in its Series B funding round.[5][6]
In October 2019, the company issued 5-million shares in the initial public offering with NASDAQ Global Select Market at the price of $16 per share with the first trading day on October 31.[7] In January 2023 Viatris acquired Oyster Point Pharma in an all-cash deal.[8]
References
[edit]- ^ "SEC FORM S-1". Oyster Point Pharma. Retrieved 27 April 2022.
- ^ "Oyster Point Pharma Inc". Reuters. Retrieved 27 April 2022.
- ^ Harrison, Laird (27 October 2021). "FDA Approves First Nasal Spray for Dry Eye". WenMD Health News. Retrieved 27 April 2022.
- ^ Marinova, Polina (31 October 2019). "Fair's CEO Scott Painter Resigns as Car-Leasing Startup Seeks a Path to Profitability". Fortune. Retrieved 27 April 2022.
- ^ Marinova, Polina (26 February 2019). "Term Sheet — Tuesday, February 26". Fortune. Retrieved 27 April 2022.
- ^ Gormley, Brian (26 February 2019). "Oyster Point Pharma Banks $93 Million for Dry Eye Therapy". Wall Street Journal Pro. Retrieved 27 April 2022.
- ^ Vecchione, Anthony (31 October 2019). "Oyster Point Pharma shares gain in IPO". NJBIZ. Retrieved 27 April 2022.
- ^ "Viatris Closes Acquisitions of Oyster Point Pharma and Famy Life Sciences, Establishing New Viatris Eye Care Division" (Press release). PR Newswire. January 3, 2023.