Opus Genetics will present three abstracts at the ASCRS Annual Meeting, focusing on treatments for vision-related conditions.
Quiver AI Summary
Opus Genetics, Inc., a biopharmaceutical company focused on gene therapies for inherited retinal diseases, announced that it will present three abstracts at the ASCRS Annual Meeting from April 10-13, 2026, in Washington, D.C. These presentations will cover significant ophthalmology studies, including VEGA-3, which discusses the effectiveness of phentolamine ophthalmic solution 0.75% for presbyopia, and analyses of its impact on visual disturbances in low light conditions post-refractive surgery. Additionally, an educational symposium titled “Presbyopia Re-Envisioned” will also take place, funded by Opus' partner Viatris, to enhance clinician knowledge on pharmacological vision correction. Opus’s work includes a robust pipeline of gene therapy programs and is advancing its treatment for presbyopia and low contrast visual disturbances.
Potential Positives
- Opus Genetics will present three significant abstracts at the ASCRS Annual Meeting, showcasing data from key Phase 3 studies, which highlights the company's active role in advancing ophthalmology research.
- The partnership with Viatris for an educational symposium demonstrates collaboration in enhancing awareness and understanding of presbyopia treatment options, potentially increasing market interest.
- The company’s focus on developing innovative treatments like the Phentolamine Ophthalmic Solution 0.75% for presbyopia and mesopic vision conditions addresses a large unmet medical need, positioning Opus as a leader in the ophthalmology sector.
Potential Negatives
- The press release highlights the reliance on Viatris for commercialization of phentolamine ophthalmic solution 0.75%, indicating potential dependency on a partner for revenue generation rather than complete control over product distribution.
- There is an emphasis on multiple ongoing clinical studies, which could suggest that the company has a high level of risk associated with achieving regulatory approvals and successful market entry for its treatments.
- The forward-looking statements section acknowledges significant risks and uncertainties that could cause actual results to differ materially from expectations, suggesting a lack of assurance regarding future performance and prospects.
FAQ
What is Opus Genetics presenting at the ASCRS Annual Meeting 2026?
Opus Genetics will present three abstracts, including results from the VEGA-3 study and analyses related to presbyopia and low-light vision.
Where is the ASCRS Annual Meeting being held?
The ASCRS Annual Meeting is taking place in Washington, D.C., from April 10 to April 13, 2026.
What is the focus of Opus Genetics’ research?
Opus Genetics focuses on developing gene therapies to restore vision and prevent blindness caused by inherited retinal diseases.
What is presbyopia and its impact?
Presbyopia is the age-related loss of near vision, affecting about 90% of adults over 45 and leading to vision-related disabilities.
What is Phentolamine Ophthalmic Solution 0.75% used for?
Phentolamine Ophthalmic Solution 0.75% is being evaluated for presbyopia correction and managing visual disturbances after refractive surgery.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IRD Insider Trading Activity
$IRD insiders have traded $IRD stock on the open market 7 times in the past 6 months. Of those trades, 2 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $IRD stock by insiders over the last 6 months:
- FIGHTING BLINDNESS RETINAL DEGENERATION FUND FOUNDATION sold 4,000,000 shares for an estimated $8,600,000
- CAM GALLAGHER has made 2 purchases buying 164,000 shares for an estimated $323,693 and 0 sales.
- GEORGE MAGRATH (Chief Executive Officer) sold 24,438 shares for an estimated $127,326
- JOSEPH K SCHACHLE (Chief Operating Officer) sold 3,719 shares for an estimated $19,525
- ASHWATH JAYAGOPAL (Chief Scientific & Dev. Ofc.) sold 3,719 shares for an estimated $19,046
- RABOURN AMY ZAREMBA (Head of Fin. Quality Assurance) sold 2,816 shares for an estimated $14,769
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$IRD Revenue
$IRD had revenues of $3.9M in Q4 2025. This is a decrease of -10.16% from the same period in the prior year.
You can track IRD financials on Quiver Quantitative's IRD stock page.
$IRD Hedge Fund Activity
We have seen 34 institutional investors add shares of $IRD stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BALYASNY ASSET MANAGEMENT L.P. added 2,718,029 shares (+inf%) to their portfolio in Q4 2025, for an estimated $5,463,238
- MILLENNIUM MANAGEMENT LLC added 2,002,550 shares (+inf%) to their portfolio in Q4 2025, for an estimated $4,025,125
- NANTAHALA CAPITAL MANAGEMENT, LLC added 1,435,407 shares (+42.9%) to their portfolio in Q4 2025, for an estimated $2,885,168
- MINK BROOK ASSET MANAGEMENT LLC removed 1,075,079 shares (-64.5%) from their portfolio in Q1 2026, for an estimated $4,891,609
- VANGUARD GROUP INC added 980,872 shares (+73.1%) to their portfolio in Q4 2025, for an estimated $1,971,552
- WELLS FARGO & COMPANY/MN added 238,086 shares (+6290.3%) to their portfolio in Q4 2025, for an estimated $478,552
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 181,422 shares (+897.6%) to their portfolio in Q4 2025, for an estimated $364,658
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$IRD Analyst Ratings
Wall Street analysts have issued reports on $IRD in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 01/20/2026
- Piper Sandler issued a "Overweight" rating on 11/25/2025
- Chardan Capital issued a "Buy" rating on 11/13/2025
- Wedbush issued a "Outperform" rating on 10/29/2025
To track analyst ratings and price targets for $IRD, check out Quiver Quantitative's $IRD forecast page.
$IRD Price Targets
Multiple analysts have issued price targets for $IRD recently. We have seen 7 analysts offer price targets for $IRD in the last 6 months, with a median target of $10.0.
Here are some recent targets:
- Steve Seedhouse from Cantor Fitzgerald set a target price of $15.0 on 03/30/2026
- Andreas Argyrides from Oppenheimer set a target price of $10.0 on 03/16/2026
- Yun Zhong from Wedbush set a target price of $10.0 on 03/12/2026
- Daniil Gataulin from Chardan Capital set a target price of $11.0 on 03/12/2026
- Thomas Shrader from BTIG set a target price of $12.0 on 03/02/2026
- Mayank Mamtani from B. Riley Securities set a target price of $9.0 on 12/10/2025
- Biren Amin from Piper Sandler set a target price of $7.0 on 11/25/2025
Full Release
RESEARCH TRIANGLE PARK, N.C., April 10, 2026 (GLOBE NEWSWIRE) -- Opus Genetics, Inc. (Nasdaq: IRD) (“Opus Genetics” or the “Company”), a clinical-stage biopharmaceutical company developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases (IRDs), today announced that three abstracts will be presented at the American Society of Cataract and Refractive Surgery (ASCRS) Annual Meeting in Washington, D.C., April 10-13, 2026.
The presentations will include data across key areas of ophthalmology, including full results from VEGA-3, a Phase 3 study evaluating phentolamine ophthalmic solution 0.75% for presbyopia, and a post-hoc analysis of MIRA-2, a Phase 3 study evaluating the optical impact of RYZUMVI® for reversing pharmacologically-induced mydriasis, and an encore presentation of results from LYNX-2, a Phase 3 study evaluating phentolamine ophthalmic solution 0.75% for visual disturbances in low light conditions in post-refractive surgery patients.
Full List of Presentations at ASCRS Annual Meeting 2026
| Abstract | Abstract Details |
|
Abstract No. 123806
Optical Impact of Reversing Pharmacologically Induced Mydriasis on Image Quality |
Electronic Poster (On-Demand)
Friday, April 10 Room: WEWCC |
|
Abstract No. 119626
Phentolamine Ophthalmic Solution Provides Durable Improvement in Distance Corrected Near Vision for Presbyopic Patients in a Phase 3 Study |
Oral Presentation
Paper Session: Presbyopia Correction - Digital & Other Saturday, April 11 8:00–8:05 a.m. ET Room: WEWCC - Level 2, 209C |
|
Abstract No. 119714
Phase 3 Randomized Controlled Study of Phentolamine Ophthalmic Solution in Post-Refractive Surgery Patients with Impaired Mesopic Vision |
Oral Presentation
Paper Session: Refractive Complications, Digital, & Other Saturday, April 11 8:20–8:25 a.m. ET Room: WEWCC - Level 2, 209A |
Opus’ partner Viatris has provided an independent grant for an educational symposium hosted by PRIME
®
, a nationally recognized continuing medical education platform. The symposium, entitled “Presbyopia Re-Envisioned: A New Era of Pharmacological Vision Correction”, is designed to complement its scientific program, further foster peer-to-peer exchange, and support clinicians in the evolving management of presbyopia. The event will take place on Saturday, April 11 from 6–7:30 p.m. ET at The Westin DC Downtown, River Birch Ballroom.
More information on the data presentations and symposium can be found on the ASCRS website
here
.
Opus Genetics and Viatris (through its affiliate) are parties to a global licensing agreement which provides for the development of phentolamine ophthalmic solution 0.75% and grants exclusive rights to Viatris to commercialize phentolamine ophthalmic solution 0.75% in the U.S.
About Presbyopia
Presbyopia is the gradual loss of near focusing ability due to aging, that typically becomes noticeable in the early to mid-40s. It is a nearly universal condition that, when uncorrected, contributes significantly to vision-related disability. Presbyopia leads to symptoms like eye strain and blurred near vision, impacting daily tasks and productivity. It affects nearly 128 million people in the United States—about 90% of adults over 45. By age 50, most Americans require some form of near-vision correction, such as reading glasses or multifocal lenses. Globally, an estimated 1.8 billion people were presbyopic in 2015, and this number is projected to rise to 2.1 billion by 2030.
About Mesopic Vision
Mesopic vision is defined as vision in dim light (interface of bright light and night vision) conditions that leverages both rod and cone photoreceptors. Decreased low contrast visual acuity under mesopic conditions occurs when the pupil dilates in low-light conditions allowing peripheral unfocused rays of light to enter the eye. The total diagnosed prevalence of Night Vision Disturbance (NVD) across the 7 Major Markets (United States, United Kingdom, Germany, France, Italy, Spain, and Japan) was estimated to be nearly 55 million in 2023, with the U.S. representing approximately 45% of cases. The condition is particularly common in patients with increased ocular aberrations and ocular scatter from keratorefractive surgery (including Laser-Assisted In Situ Keratomileusis (LASIK), Photorefractive Keratectomy (PRK), Small-Incision Lenticule Extraction (SMILE), and Radial Keratotomy (RK)). It is estimated that approximately 800,000 refractive surgeries are performed in the U.S. each year, with 25% of patients suffering from visual aberrations (e.g., glare, halos, starburst) at 1-month. There are currently no FDA-approved treatments.
About Opus Genetics
Opus Genetics is a clinical-stage biopharmaceutical company developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases (IRDs). The Company is developing durable, one-time treatments designed to address the underlying genetic causes of severe retinal disorders. The Company’s pipeline includes seven AAV-based programs, led by OPGx-LCA5 for LCA5-related mutations and OPGx-BEST1 for BEST1-related retinal degeneration, with additional candidates targeting RHO, CNGB1, RDH12, NMNAT1, and MERTK. Opus Genetics is also advancing a small-molecule therapy, Phentolamine Ophthalmic Solution 0.75%, beyond its approved use for pharmacologically induced mydriasis, with a supplemental new drug application under review for presbyopia and an ongoing Phase 3 pivotal trial for mesopic, low contrast conditions after keratorefractive surgery (dim light disturbances). The Company is based in Research Triangle Park, NC. For more information, visit
www.opusgtx.com
.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements related to the clinical development, clinical results, preclinical data, future plans, and expectations regarding us, our business prospects, and our results of operations and are subject to certain risks and uncertainties posed by many factors and events that could cause our actual business, prospects and results of operations to differ materially from those anticipated by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those described under the heading “Risk Factors” included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and in our other filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. These forward-looking statements are based upon our current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “aim,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “strive,” “will,” “would” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. We undertake no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise.
Contacts:
Investors
Jenny Kobin
Remy Bernarda
IR Advisory Solutions
[email protected]
Media
Kimberly Ha
KKH Advisors
917-291-5744
[email protected]
Source: Opus Genetics