Opthea Ltd traded at 0.60 this Friday March 14th, decreasing 0.01 or 0.83 percent since the previous trading session. Looking back, over the last four weeks, Opthea lost 41.18 percent. Over the last 12 months, its price fell by 2.44 percent. Looking ahead, we forecast Opthea Ltd to be priced at 0.59 by the end of this quarter and at 0.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
Opthea Limited is an Australia-based clinical-stage biopharmaceutical company. The Company is engaged in developing novel therapies to address the unmet need in the treatment of prevalent and progressive retinal diseases, including wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME). Its lead product candidate, sozinibercept (OPT-302), is being evaluated in two pivotal Phase 3 clinical trials for use in combination with standard-of-care anti-VEGF-A monotherapies for the treatment of wet AMD and DME. The Company has also manufactured OPT-302 for use in Phase III clinical trials, conducts activities to support the commercialization of the product and expanded its management team in the United States to facilitate broader oversight and execution of its Phase III program. Its development activities are based on an intellectual property portfolio covering key targets (Vascular Endothelial Growth Factors VEGF-C, VEGF-D and VEGF Receptor-3).