Strong Financial Position
Ocular Therapeutix ended the second quarter with over $390 million in cash and cash equivalents. The company raised approximately $97 million through an existing ATM facility, providing financial flexibility and expected runway into 2028.
Progress in AXPAXLI Trials
The SOL-1 and SOL-R trials are advancing with exceptional retention and trial conduct. SOL-1 is on track to provide top-line data in Q1 2026, and SOL-R is expected to have top-line data in the first half of 2027.
Potential Superiority Label for AXPAXLI
If approved, AXPAXLI could be the first product for wet AMD with a superiority claim, potentially allowing dosing every 6 to 12 months, significantly reducing treatment burden for patients.
Strategic Open-Label Extension Study
The company plans a long-term open-label extension study for both SOL-1 and SOL-R trials to generate real-world insights and long-term safety data, which could enhance commercial adoption.
Expansion into Diabetic Eye Disease
Ocular Therapeutix is preparing to expand AXPAXLI into nonproliferative diabetic retinopathy and diabetic macular edema, following positive FDA feedback.