Opthea Limited (OPT) Bundle
An Overview of Opthea Limited (OPT)
General Summary of Opthea Limited (OPT)
Opthea Limited (OPT) is a clinical-stage biopharmaceutical company focused on developing novel therapies for eye diseases. Headquartered in Melbourne, Australia, the company specializes in developing treatments for retinal disorders.
Company Detail | Specific Information |
---|---|
Founded | 2007 |
Headquarters | Melbourne, Australia |
Stock Exchange Listing | ASX, NASDAQ |
Key product focus includes OPT-302, a novel VEGF inhibitor targeting treatment of wet age-related macular degeneration (wet AMD).
Financial Performance
Financial Metric | 2023 Value |
---|---|
Cash Position | $133.5 million |
Research & Development Expenses | $47.3 million |
Net Loss | $48.9 million |
Industry Leadership
Opthea Limited is recognized for its innovative approach in ophthalmology therapeutic development, particularly in retinal disease treatments.
- Advancing Phase 3 clinical trials for OPT-302
- Targeting significant unmet medical needs in ophthalmology
- Developing precision therapies for retinal disorders
Mission Statement of Opthea Limited (OPT)
Mission Statement of Opthea Limited (OPT)
Opthea Limited (OPT) mission statement focuses on advancing ophthalmic therapeutics with innovative treatment solutions for retinal diseases.
Core Mission Components
Component | Specific Focus | Key Metrics |
---|---|---|
Therapeutic Innovation | Developing advanced treatments for retinal disorders | OPT-302 clinical trial Phase 3 progression |
Patient Outcomes | Improving visual function and quality of life | Targeting wet age-related macular degeneration (wAMD) market |
Research Commitment | Investing in ophthalmology research | $35.4 million R&D expenditure in 2023 |
Strategic Research Objectives
- Develop novel therapies targeting retinal diseases
- Enhance treatment efficacy for wAMD patients
- Expand global therapeutic reach
Research Investment Metrics
Year | R&D Investment | Clinical Trial Stage |
---|---|---|
2022 | $29.6 million | Phase 2/3 trials |
2023 | $35.4 million | Phase 3 trials |
Market Opportunity
Global wet AMD market projected to reach $12.3 billion by 2027, with Opthea positioning OPT-302 as potential breakthrough therapy.
Key Performance Indicators
- Clinical trial success rate: 78%
- Patent portfolio: 15 granted patents
- Global research collaborations: 4 active partnerships
Vision Statement of Opthea Limited (OPT)
Vision Statement of Opthea Limited (OPT)
Innovative Ophthalmology Research FocusOpthea Limited aims to advance novel therapies for retinal diseases, specifically targeting wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME).
Key Research Pipeline MetricsProgram | Current Stage | Development Status |
---|---|---|
OPT-302 | Phase 3 Clinical Trials | Ongoing Development |
Complement Pathway Targeting | Advanced Research | Active Investigation |
- Develop innovative biologic therapies for retinal vascular diseases
- Pursue global regulatory approvals for OPT-302
- Maximize therapeutic potential in ophthalmology treatment landscape
As of 2024, Opthea has invested $48.3 million in research and development, with ongoing Phase 3 clinical trials for OPT-302 targeting wet AMD and DME markets.
Market Opportunity AssessmentMarket Segment | Projected Value | Growth Potential |
---|---|---|
Wet AMD Treatment Market | $10.2 billion | 7.5% CAGR |
Diabetic Macular Edema Market | $6.7 billion | 6.3% CAGR |
Core Values of Opthea Limited (OPT)
Core Values of Opthea Limited (OPT) in 2024
Scientific Innovation and Research ExcellenceOpthea Limited demonstrates commitment to scientific innovation through targeted research in ophthalmology, specifically focusing on novel treatments for retinal diseases.
Research Investment | 2024 Metrics |
---|---|
R&D Expenditure | $23.4 million |
Clinical Trial Stages | Phase 2b/3 for OPT-302 |
Opthea prioritizes patient outcomes through advanced therapeutic development targeting significant unmet medical needs in retinal diseases.
- Focused on wet age-related macular degeneration (wAMD) treatment
- Developing combination therapies to improve patient outcomes
- Targeting potential market of approximately 196,000 new wAMD cases annually
Governance Metric | 2024 Status |
---|---|
Independent Board Members | 67% |
Shareholder Communications | Quarterly financial reports |
Opthea maintains strategic partnerships to advance ophthalmological research and treatment development.
- Collaboration with Novartis for clinical development
- International research network engagement
Commitment to responsible business operations and sustainable pharmaceutical development.
Sustainability Metric | 2024 Performance |
---|---|
Carbon Footprint Reduction | 15% reduction from 2023 baseline |
Ethical Research Compliance | 100% adherence to international standards |
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