38.37
+3.84%
Close of 9 Nov 2026, in USD
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About SpyGlass Pharma,
From its filings with the US Securities and Exchange Commission
SpyGlass Pharma, is based in Irvine, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker SGP. The SEC classifies its business as surgical & medical instruments & apparatus. In the fiscal year to 31 December 2025, it reported a net loss of $39.9m. At that date it held total assets of $115.9m and shareholders' equity of −$98.8m.
We are a late-stage biopharmaceutical company dedicated to transforming the treatment paradigm for patients living with chronic eye conditions through long-acting, sustained drug delivery of approved medicines. Our mission is to significantly improve the lives of patients with chronic eye conditions by developing durable drug delivery solutions that can empower patients and surgeons with confidence in long-term disease control and vision preservation.
Our lead product candidate, the Bimatoprost Drug Pad-IOL System (BIM-IOL System), comprising novel, proprietary drug pads attached to our intraocular lens (IOL), is designed to be implanted during routine cataract surgery to reduce elevated intraocular pressure (IOP) in patients who have either open-angle glaucoma (OAG) or ocular hypertension (OHT). The BIM-IOL System is designed to consistently deliver three years of bimatoprost, a prostaglandin analog (PGA) approved for topical use by the U.S. Food & Drug Administration (FDA) in 2001 for the reduction of elevated IOP in patients with OAG or OHT. We are also developing a non-IOL-based, ring-shaped, sustained-release implant with bimatoprost, which we believe could be implanted in a standalone procedure, enable retreatment of patients who have received the BIM-IOL System, and offer extended care to patients with OAG or OHT who already received a prior cataract surgery (these patients who have had their IOLs replaced with artificial IOLs are referred to as pseudophakes or pseudophakic patients).
Quoted from its 10-K, filed 26 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Listed since
- 6 Feb 2026
- Employees
- 65
- Website
- spyglasspharma.com ↗
- Head office
- 15326 ALTON PARKWAY, IRVINE, CA, 92618
- Incorporated in
- DE
- Classification
- Surgical & Medical Instruments & Apparatus
- Filer status
- <br>Emerging growth company
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Develops innovative BIM-IOL System for chronic eye conditions treatment
- Offers proprietary drug pads attached to intraocular lenses for cataract surgery
- Has a non-IOL-based ring-shaped sustained-release implant with bimatoprost
Weaknesses
- Operates as a biopharmaceutical company with 65 employees
- Limited to chronic eye conditions treatment market segment
- Relies on cataract surgery procedures for IOL implantation
Opportunities
- Expands into new markets for chronic eye conditions treatment
- Grows within the US biopharmaceutical sector
- Leverages cataract surgery market for IOL adoption
Threats
- Faces competition in the US biopharmaceutical sector
- Competes with established players in eye care market
- Potential regulatory challenges in drug delivery systems
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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