EyePoint Pharma's YUTIQ Sale, Protalix's Milestone Achievement, and Walmart's Q1 Surpass Expectations: Pre-Market Update
- May 18th, 2023
- 558 views
EyePoint Pharmaceuticals, Inc. (Nasdaq: EYPT) has announced a definitive agreement for the sale of YUTIQ, their fluocinolone acetonide intravitreal implant used in the treatment of chronic non-infectious uveitis affecting the posterior segment of the eye. Alimera Sciences, Inc. (Nasdaq: ALIM) will acquire YUTIQ for a significant sum of $82.5 million in cash plus royalties.
In pre-market trading, $EYPT is experiencing a notable surge, currently trading at $7.20, with an impressive gain of $0.79 (+12.32%). Similarly, $ALIM is also witnessing a significant increase in its stock price, currently trading at $2.86, with a gain of $0.80 (+38.83%).
In another development, Protalix BioTherapeutics, Inc. (NYSE American: PLX) has disclosed that it is eligible to receive a milestone payment of $20 million from its commercial partner, Chiesi Global Rare Diseases, a business unit of the Chiesi Group. This milestone payment has been triggered by the U.S. Food and Drug Administration's (FDA) approval of ELFABRIO (pegunigalsidase alfa-iwxj), an innovative treatment for adult patients with Fabry disease.
In pre-market trading, $PLX is currently trading at $2.37, with a marginal gain of $0.01 (+0.42%).
Furthermore, Walmart Inc. (NYSE: WMT) has reported its financial results for the first quarter of fiscal year 2024, surpassing market expectations. The company's adjusted EPS for Q1 FY24 stood at $1.47, exceeding the consensus estimate of $1.32.
In pre-market trading, $WMT is reflecting a positive trend, currently trading at $151.77, with a gain of $2.24 (+1.50%).
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