
Clearside Biomedical Announces Approval of XIPERE® Suprachoroidal Treatment for Uveitic Macular Edema in Canada
– Continued Global Expansion and Validation of Clearside's Suprachoroidal Space Injection Platform Featuring its Commercially Proven SCS Microinjector® –
ALPHARETTA, Ga., July 23, 2025 (GLOBE NEWSWIRE) — Clearside Biomedical, Inc. (Nasdaq: CLSD), a biopharmaceutical company revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space (SCS®), announced today that Health Canada has granted approval for XIPERE® (triamcinolone acetonide injectable suspension) for suprachoroidal use in the treatment of uveitic macular edema (UME).
XIPERE is approved for use in the United States, Canada, Australia, and Singapore and under regulatory review in China.
About XIPERE® (triamcinolone acetonide injectable suspension) for suprachoroidal use
XIPERE® (triamcinolone acetonide injectable suspension) for suprachoroidal use is a proprietary suspension of the corticosteroid triamcinolone acetonide for administration to the suprachoroidal space for the treatment of macular edema associated with uveitis. XIPERE is approved by the U.S. Food and Drug Administration and is commercially available in the United States. Bausch + Lomb, a leading global eye health company dedicated to helping people see better to live better, has the exclusive license for the commercialization and development of XIPERE in the U.S. and Canada. Arctic Vision, a China-based ophthalmic biotech, has the exclusive license for the commercialization and development of XIPERE, which they refer to as ARCATUS® or ARVN001, in Greater China, South Korea, Australia, New Zealand, India and the ASEAN Countries.
About Clearside's Suprachoroidal Space (SCS®) Injection Platform and SCS Microinjector®
Clearside's patent protected, proprietary suprachoroidal space (SCS®) injection treatment approach offers unprecedented access to the back of the eye, where sight-threatening disease often occurs. The Company's unique platform is inherently flexible and intended to work with established and new formulations of medications. Clearside's patented SCS Microinjector® can deliver a wide variety of drug candidates into the suprachoroidal space, providing targeted delivery to potentially improve efficacy and compartmentalization of medication to reduce or eliminate toxic effects on non-diseased cells. The SCS Microinjector is comprised of a syringe with a custom-designed hub and two 30-gauge hollow microneedles of varying lengths, each approximately one millimeter, optimizing insertion and suprachoroidal administration of drugs.
About Clearside Biomedical, Inc.
Clearside Biomedical, Inc. is a biopharmaceutical company revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space (SCS®) to improve patient outcomes. Clearside's SCS injection platform, utilizing the Company's patented SCS Microinjector®, enables an in-office, repeatable, non-surgical procedure for the targeted and compartmentalized delivery of a wide variety of therapies to the macula, retina, or choroid to potentially preserve and improve vision in patients with sight-threatening eye diseases. Clearside has a pipeline of small molecule product candidates for administration via its SCS Microinjector. The Company's lead program, CLS-AX (axitinib injectable suspension), is a Phase 3 ready asset for the treatment of neovascular age-related macular degeneration (wet AMD). Clearside developed and gained approval for its first product, XIPERE® (triamcinolone acetonide injectable suspension) for suprachoroidal use, which is available in the U.S. through a commercial partner. Clearside also strategically partners its SCS injection platform with companies utilizing other ophthalmic therapeutic innovations. For more information, please visit clearsidebio.com or follow us on LinkedIn and X.
Cautionary Note Regarding Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as 'believe', 'expect', 'may', 'plan', 'potential', 'will', and similar expressions, and are based on Clearside's current beliefs and expectations. These forward-looking statements include statements regarding the clinical development of Clearside's product candidates, and the potential benefits of CLS-AX and XIPERE®, Clearside's suprachoroidal delivery technology and Clearside's SCS Microinjector®. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements. Risks and uncertainties that may cause actual results to differ materially include uncertainties inherent in the conduct of clinical trials, Clearside's reliance on third parties over which it may not always have full control, Clearside's ability to raise additional capital, and other risks and uncertainties that are described in Clearside's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (SEC) on March 27, 2025, and Clearside's other periodic reports filed with the SEC. Any forward-looking statements speak only as of the date of this press release and are based on information available to Clearside as of the date of this release, and Clearside assumes no obligation to, and does not intend to, update any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Clearside Biomedical, Inc.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
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AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS – U.S. GAAP U.S. dollars in thousands, except per share data Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited Revenues: Licensing and related revenues $ 15,022 $ 17,278 $ 30,064 $ 28,692 Royalties 10,656 11,159 19,859 21,817Total revenues 25,678 28,437 49,923 50,509Cost of revenues 3,549 2,933 7,036 5,436Gross profit 22,129 25,504 42,887 45,073Operating expenses: Research and development, net 18,758 18,758 36,367 36,749 Sales and marketing 3,322 3,095 6,771 5,911 General and administrative 4,381 3,537 8,314 7,109 Amortization of intangible assets 150 149 299 299 Total operating expenses 26,611 25,539 51,751 50,068Operating loss (4,482) (35) (8,864) (4,995) Financial income, net 2,121 1,406 4,221 2,663 Revaluation of marketable equity securities (208) (58) (262) (118)Income (loss) before taxes on income (2,569) 1,313 (4,905) (2,450) Income tax expense 1,135 1,604 2,126 3,289 Net loss $ (3,704) $ (291) $ (7,031) $ (5,739)Basic and diluted net loss per share $ (0.15) $ (0.01) $ (0.30) $ (0.24)Weighted-average shares used to compute net loss per share (in thousands): Basic and diluted 23,898 23,628 23,832 23,568 Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures U.S. Dollars in thousands, except per share amountsThree months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited GAAP net loss $ (3,704) $ (291) $ (7,031) $ (5,739) Equity-based compensation expense included in cost of revenues 166 191 325 394 Equity-based compensation expense included in research and development expenses 2,673 2,438 5,139 4,445 Equity-based compensation expense included in sales and marketing expenses 598 451 1,164 816 Equity-based compensation expense included in general and administrative expenses 1,465 820 2,597 1,816 Amortization of intangible assets related to acquisition of businesses 209 278 417 556 Costs associated with asset acquisition 144 252 288 532 Loss associated with the remeasurement of marketable equity securities 208 58 262 118 Non-GAAP net income $ 1,759 $ 4,197 $ 3,161 $ 2,938 GAAP weighted-average number of Common Stock used in computation of diluted net loss and loss per share (in thousands) 23,898 23,628 23,832 23,568 Weighted-average number of shares related to outstanding stock-based awards (in thousands) 1,763 1,482 1,690 1,421 Weighted-average number of Common Stock used in computation of diluted earnings per share, excluding the above (in thousands) 25,661 25,110 25,522 24,989 GAAP diluted loss per share $ (0.15) $ (0.01) $ (0.30) $ (0.24) Equity-based compensation expense $ 0.19 $ 0.16 $ 0.38 $ 0.32 Amortization of intangible assets related to acquisition of businesses $ 0.01 $ 0.01 $ 0.02 $ 0.02 Costs associated with asset acquisition $ 0.01 $ 0.01 $ 0.01 $ 0.02 Loss associated with the remeasurement of marketable equity securities $ 0.01 $ 0.00 $ 0.01 $ 0.00 Non-GAAP diluted earnings per share $ 0.07 $ 0.17 $ 0.12 $ 0.12 Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited Unaudited GAAP Operating loss $ (4,482) $ (35) $ (8,864) $ (4,995) Equity-based compensation expense included in cost of revenues 166 191 325 394 Equity-based compensation expense included in research and development expenses 2,673 2,438 5,139 4,445 Equity-based compensation expense included in sales and marketing expenses 598 451 1,164 816 Equity-based compensation expense included in general and administrative expenses 1,465 820 2,597 1,816 Amortization of intangible assets related to acquisition of businesses 209 278 417 556 Costs associated with asset acquisition 144 252 288 532 Total non-GAAP Operating Income $ 773 $ 4,395 $ 1,066 $ 3,564 Three months ended Six months endedJune 30, June 30,2025 2024 2025 2024Unaudited Unaudited Unaudited UnauditedGAAP Gross Profit $ 22,129 $ 25,504 $ 42,887 $ 45,073 GAAP Gross Margin 86 % 90 % 86 % 89 %Equity-based compensation expense included in cost of revenues 166 191 325 394 Amortization of intangible assets related to acquisition of businesses 59 129 118 257 Total Non-GAAP Gross profit 22,354 25,824 43,330 45,724 Non-GAAP Gross Margin 87 % 91 % 87 % 91 % Ceva, Inc. AND ITS SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (U.S. Dollars in thousands)June 30, December 31, 2025 2024 (*) Unaudited Unaudited ASSETSCurrent assets:Cash and cash equivalents$ 29,082 $ 18,498 Marketable securities and short-term bank deposits128,422 145,146 Trade receivables, net11,832 15,969 Unbilled receivables24,851 21,240 Prepaid expenses and other current assets14,621 15,488 Total current assets208,808 216,341 Long-term assets:Severance pay fund7,864 7,161 Deferred tax assets, net1,630 1,456 Property and equipment, net6,484 6,877 Operating lease right-of-use assets4,645 5,811 Investment in marketable equity securities50 312 Goodwill58,308 58,308 Intangible assets, net1,460 1,877 Other long-term assets13,593 10,805 Total assets$ 302,842 $ 308,948 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Trade payables$ 1,771 $ 1,125 Deferred revenues3,212 3,599 Accrued expenses and other payables17,749 23,207 Operating lease liabilities1,610 2,598 Total current liabilities24,342 30,529 Long-term liabilities: Accrued severance pay8,155 7,365 Operating lease liabilities2,755 2,963 Other accrued liabilities1,698 1,535 Total liabilities36,950 42,392 Stockholders' equity:Common stock24 24 Additional paid in-capital267,743 259,891 Treasury stock(5,874) (3,222) Accumulated other comprehensive income (loss)344 (1,330) Retained earnings3,655 11,193 Total stockholders' equity265,892 266,556 Total liabilities and stockholders' equity$ 302,842 $ 308,948(*) Derived from audited financial statements. 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