Clearside Biomedical, Inc., a biopharmaceutical company, focuses on the revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space. It offers XIPERE, a triamcinolone acetonide suprachoroidal injectable suspension for the treatment of uveitis macular edema. It also develops CLS-AX, an axitinib injectable suspension for suprachoroidal injection, which is in Phase IIb clinical trial to treat wet AMD. The company has a collaboration with Bausch Health, Arctic Vision, REGENXBIO, Inc., BioCryst Pharmaceuticals, Inc., and Aura Biosciences. Clearside Biomedical, Inc. was incorporated in 2011 and is headquartered in Alpharetta, Georgia.
Innovative Eye Therapy | Clearside Biomedical's suprachoroidal delivery platform for wet AMD treatment shows promise, with potential advantages over traditional methods |
ODYSSEY Trial Spotlight | Phase 2b trial for CLS-AX nears completion, with data expected in late September 2024. Positive results could significantly impact stock performance |
Financial Health Check | Q2 2024 shows improved operational efficiency, with $29M cash runway until Q3 2025. Analysts' price targets range up to $5.00, signaling potential upside |
Market Positioning | CLSD faces stiff competition but offers unique delivery method. Expansion into geographic atrophy and international markets could broaden revenue streams |
Metrics to compare | CLSD | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipCLSDPeersSector | |
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P/E Ratio | −2.4x | −0.5x | −0.5x | |
PEG Ratio | −0.10 | 0.06 | 0.00 | |
Price/Book | −2.2x | 0.9x | 2.6x | |
Price / LTM Sales | 10.0x | 1.2x | 3.0x | |
Upside (Analyst Target) | - | 178.3% | 55.6% | |
Fair Value Upside | Unlock | 22.5% | 10.1% | Unlock |