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SpyGlass Pharma, SGP · USD

US listing · 🇺🇸 United States

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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

SEC filings

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.

In its own words

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
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.

AI-generated

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
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