FDA PDUFA Goal Date Set for October 17, 2026RESEARCH TRIANGLE PARK, N.C., Feb. 25, 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 the U.S. Food and Drug Administration (FDA) has accepted for review the supplemental New Drug Application (sNDA) for phentolamine ophthalmic solution 0. ...

Exhibit 10.1 Execution Version SECURITIES PURCHASE AGREEMENT BY AND AMONG OPUS GENETICS, INC. AND THE PURCHASERS AS SET FORTH HEREIN FEBRUARY 13, 2026 TABLE OF CONTENTS | 1. | Definitions | | 1 | | --- | --- | --- | --- | | 2. | | Purchase and Sale of Securities | 4 | | | 2.1 | Purchase and Sale | 4 | | | 2.2 | Closing | 4 | | 3. | | Representations and Warranties of the Company | 5 | | | 3.1 | Subsidiaries; Organization and Power | 5 | | | 3.2 | Capitalization | 5 | | | 3.3 | Registration Rights | 6 | | | ...

Core Viewpoint - Opus Genetics, a clinical-stage biopharmaceutical company, has announced a private placement of 7,374,632 shares of Series B Non-Voting Convertible Preferred Stock at a price of $3.39 per share, aiming to raise approximately $25 million to fund its gene therapy programs and general corporate purposes [1][2]. Group 1: Private Placement Details - The private placement involves the issuance of 7,374,632 shares of Series B Non-Voting Convertible Preferred Stock, which will convert into common stock upon stockholder approval [1]. - The gross proceeds from the private placement are expected to be $25 million before deducting offering expenses [1]. - The financing is led by Adage Capital Management, with participation from Trails Edge Capital Partners and Marshall Wace [1]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized to advance gene therapy clinical programs, as well as for working capital and general corporate purposes [2]. - The company anticipates that its pro forma cash balance of $70 million at year-end 2025 will fund operations into the first half of 2028, excluding potential proceeds from callable warrants or future milestone payments [2]. Group 3: Closing and Legal Aspects - The offering is expected to close on February 18, 2026, subject to customary closing conditions [3]. - Sidley Austin LLP is serving as counsel to Opus Genetics for this transaction, and the company did not use a placement agent [3]. - The shares issued in the private placement have not been registered under the Securities Act and may not be offered or sold in the U.S. without proper registration or exemption [4]. Group 4: Company Overview - Opus Genetics is focused on developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases (IRDs) [6]. - The company is working on seven AAV-based programs targeting various genetic causes of severe retinal disorders, including OPGx-LCA5 and OPGx-BEST1 [6]. - Additionally, Opus Genetics is advancing Phentolamine Ophthalmic Solution 0.75% for pharmacologically induced mydriasis, with potential applications in presbyopia and low-light visual disturbances [6].

Core Insights - Opus Genetics, Inc. is a clinical-stage biopharmaceutical company focused on developing gene therapies aimed at restoring vision and preventing blindness in patients with inherited retinal diseases (IRDs) [4] Company Overview - The company is developing durable, one-time treatments that target the underlying genetic causes of severe retinal disorders [4] - Opus Genetics has a pipeline that includes seven AAV-based programs, with key candidates such as OPGx-LCA5 for LCA5-related mutations and OPGx-BEST1 for BEST1-related retinal degeneration [4] - The company is also advancing Phentolamine Ophthalmic Solution 0.75%, which is an approved therapy for pharmacologically induced mydriasis, with potential additional indications in presbyopia and low-light visual disturbances following keratorefractive surgery [4] Upcoming Conferences - Leadership team members will participate in several conferences, including the Collaborative Community on Ophthalmic Innovation (CCOI) and the Asia-Pacific Academy of Ophthalmology Congress (APAO) from February 3-8, 2026, in Hong Kong [2][5] - The company will engage with the global ophthalmology community to discuss advances in gene therapy and evolving strategies for treating inherited retinal disorders [5] - Chris Ernst, Chief Technology Officer, will present on building scalable viral vector manufacturing models on February 11, 2026, in San Diego, CA [5] - Mark Pennesi, M.D., Ph.D., will present preliminary results from a Phase 1b/2a clinical study of OPGx-BEST1 gene therapy on February 27, 2026, in San Diego, CA [5]

Core Insights - Opus Genetics, Inc. has launched a clinical trial for a gene therapy targeting MERTK-related retinitis pigmentosa, a rare inherited eye disease that leads to progressive vision loss and blindness [1][3][4] Company Overview - Opus Genetics is a clinical-stage biopharmaceutical company focused on developing gene therapies aimed at restoring vision and preventing blindness in patients with inherited retinal diseases (IRDs) [6][8] - The company is working on a pipeline that includes seven AAV-based programs, with OPGx-MERTK being a key candidate for MERTK-related retinitis pigmentosa [6][8] Clinical Trial Details - The clinical trial will assess the safety and efficacy of OPGx-MERTK, which uses an adeno-associated virus (AAV) to deliver a functional copy of the MERTK gene to retinal cells [3][4] - The trial is set to begin in 2026 at Cleveland Clinic Abu Dhabi, which will serve as the clinical site [2][7] Collaboration and Impact - The trial is being conducted in collaboration with the Department of Health – Abu Dhabi, Cleveland Clinic Abu Dhabi, and other local partners, highlighting Abu Dhabi's commitment to precision medicine and rare disease innovation [2][5] - MERTK-related retinitis pigmentosa affects approximately 60,000 patients globally, and this trial represents a significant opportunity to address an unmet medical need [4][7]

Company Overview - Opus Genetics is a clinical stage biopharmaceutical company focused on developing gene therapies for inherited retinal diseases [2] - The company trades under the ticker symbol IRD and has a multi-asset pipeline [2] Pipeline and Milestones - Opus Genetics has near-term data readouts and multiple milestones expected in 2026 [2]

Core Insights - Opus Genetics is advancing its gene therapy pipeline aimed at treating inherited retinal diseases (IRDs) with significant milestones achieved in 2025 and upcoming catalysts in 2026 [1][3] Pipeline Progress - In 2026, Opus is set to announce clinical data from its BEST1 program and move its LCA5 program into pivotal testing, targeting FDA approval [2] - The company has multiple programs that may qualify for Rare Pediatric Disease designation, potentially leading to Priority Review Vouchers (PRV) for non-dilutive capital [2] Corporate Achievements - 2025 was marked by strong execution, with two gene therapies advancing in clinical trials and an FDA application submitted for a partnered commercial product, indicating a large market opportunity [3] - The company secured approximately $23 million in gross proceeds through a registered direct offering, raising its total cash position to over $50 million, which is expected to fund operations into the second half of 2027 [10] Clinical Trials and Data - The OPGx-BEST1 program is currently in a Phase 1/2 trial (BIRD-1) with initial data expected in mid-2026, and it is potentially eligible for multiple regulatory designations [8][11] - OPGx-LCA5 is advancing into a pivotal Phase 3 trial, with positive data reported in pediatric participants and durable improvements in adult cohorts [12] Financial Outlook - As of September 30, 2025, Opus Genetics had cash and cash equivalents of $30.8 million, with a total cash position exceeding $50 million after recent fundraising [10]

Core Insights - Biotech stocks, particularly those in clinical stages, carry high risks due to dependency on trial outcomes and significant financial burn [1] Company Overview - Opus Genetics is a clinical-stage biopharmaceutical company valued at $1.4 billion, focusing on gene therapies for inherited retinal diseases [2] - The company aims to develop long-lasting medicines that address genetic causes of eye disorders rather than just treating symptoms [4] Stock Performance - Opus stock has increased by 60.3% year-to-date, outperforming the broader market, with expectations for further growth contingent on clinical success and regulatory outcomes [3] Clinical Developments - The company’s pipeline includes OPGx-LCA5, a gene therapy for Leber Congenital Amaurosis (LCA5), which has shown promising early clinical data with significant vision improvements in pediatric participants [4] - A successful FDA Regenerative Medicine Advanced Therapy (RMAT) meeting for OPGx-LCA5 has been completed, potentially leading to an accelerated regulatory pathway [5] Financial Position - Opus Genetics reported a net loss of $17.5 million in Q3 and ended the quarter with $30.8 million in cash, later raising about $23 million through an equity offering, increasing total liquidity to over $50 million [5] - The management plans to use the raised funds to support operations into the second half of 2027, indicating confidence in achieving clinical milestones before needing additional funding [5]

Core Insights - Opus Genetics, Inc. is a clinical-stage biopharmaceutical company focused on developing gene therapies aimed at restoring vision and preventing blindness in patients with inherited retinal diseases [3] Company Overview - The company is developing durable, one-time treatments that target the underlying genetic causes of severe retinal disorders [3] - Opus Genetics has a pipeline that includes seven AAV-based programs, with key candidates such as OPGx-LCA5 for LCA5-related mutations and OPGx-BEST1 for BEST1-related retinal degeneration [3] - Additional candidates in development target RHO, RDH12, and MERTK mutations [3] - The company is also advancing Phentolamine Ophthalmic Solution 0.75%, which is an approved therapy for pharmacologically induced mydriasis, with further indications in late-stage development for presbyopia and low-light visual disturbances following keratorefractive surgery [3] - Opus Genetics is headquartered in Research Triangle Park, NC [3] Upcoming Events - George Magrath, M.D., the CEO of Opus Genetics, will present at the J.P. Morgan 2026 Healthcare Conference on January 15, 2026, at 8:15 a.m. PT [1]

Core Insights - Opus Genetics, Inc. is a clinical-stage biopharmaceutical company focused on developing gene therapies aimed at restoring vision and preventing blindness in patients with inherited retinal diseases [3] Company Overview - The company is developing durable, one-time treatments that target the underlying genetic causes of severe retinal disorders [3] - Opus Genetics has a pipeline that includes seven AAV-based programs, with key candidates such as OPGx-LCA5 for LCA5-related mutations and OPGx-BEST1 for BEST1-related retinal degeneration [3] - Additional candidates in development target RHO, RDH12, and MERTK mutations [3] - The company is also advancing Phentolamine Ophthalmic Solution 0.75%, which is an approved therapy for pharmacologically induced mydriasis, with further indications in late-stage development for presbyopia and low-light visual disturbances following keratorefractive surgery [3] - Opus Genetics is headquartered in Research Triangle Park, NC [3] Upcoming Events - George Magrath, M.D., the CEO of Opus Genetics, will present at the J.P. Morgan 2026 Healthcare Conference on January 15, 2026, at 8:15 a.m. PT [1]