MENLO PARK, Calif. - Sight Sciences , Inc. (NASDAQ: NASDAQ:SGHT), a company specializing in eyecare technology, announced findings from a new analysis of the ROMEO study data, published in Clinical Ophthalmology, indicating that the OMNI Surgical System is effective for treating glaucoma patients regardless of disease severity. The OMNI system, which is FDA-cleared, facilitates a procedure to restore aqueous outflow in glaucomatous eyes by addressing the areas of outflow resistance.
The study, which included mainly primary open-angle glaucoma patients, revealed that the OMNI technology led to significant reductions in intraocular pressure (IOP) and medication usage across all stages of the disease. At 12 months post-procedure, the majority of eyes saw a reduction in IOP to 18 mmHg or less. Medication reductions were also noted, with many patients requiring at least one less IOP-reducing medication.
Dr. Jaime E. Dickerson, Jr., Vice President of Medical and Clinical Affairs at Sight Sciences, commented on the findings, stating that the data challenges the previously held belief that advanced disease stage is a barrier to successful outcomes in minimally invasive glaucoma surgery (MIGS). The analysis found no significant relationship between IOP at month 12 and visual field loss, suggesting that treatment effectiveness is consistent irrespective of disease severity.
Paul Badawi, Co-Founder and CEO of Sight Sciences, expressed that the results support the company's commitment to providing effective glaucoma treatments for patients at all stages of the disease and underscore its initiatives to innovate in eyecare.
The ROMEO study was an Institutional Review Board approved retrospective case series conducted at eleven ophthalmology practices in the United States. The analysis categorized eyes based on visual field mean deviation, with groups assigned as mild, moderate, or advanced.
This report is based on a press release statement from Sight Sciences, Inc. and does not constitute an endorsement of the company or its products.
InvestingPro Insights
As Sight Sciences, Inc. (NASDAQ: SGHT) continues to make strides in the treatment of glaucoma with its OMNI Surgical System, the company's financial health and stock performance are important factors for investors to consider. According to InvestingPro data, Sight Sciences holds a market capitalization of $277.14 million. Despite the challenges in profitability, with analysts not expecting the company to be profitable this year and a negative P/E ratio of -4.96, SGHT's liquid assets still exceed its short-term obligations, indicating a level of financial resilience.
InvestingPro Tips reveal that while SGHT does not pay dividends, which might deter income-focused investors, the company has experienced a strong return over the last three months, with a price total return of 35.52%. Moeover, the stock has seen a significant uptick in price over the last six months, boasting a 63.34% return. These metrics suggest that while Sight Sciences may be navigating a challenging profitability landscape, its stock has been attractive to growth investors, with volatile price movements that could present opportunities for high-risk tolerant market participants.
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