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home / news releases / OMER - Omeros up 35% in premarket trading following $200M milestone payment

OMER - Omeros up 35% in premarket trading following $200M milestone payment

Omeros Corporation

  • Omeros ( NASDAQ: OMER ) is up 35% in premarket trading after receiving a $200M milestone payment from Rayner Surgical.
  • The payment was due to Omeros' ( OMER ) sale of ophthlamic solution Omidria (phenylephrine and ketorolac) in December  2021.
  • Leading to the milestone, Omeros ( OMER ) was eligible for a 50% royalty on Omidria sales. That has now dropped to 30%.
  • The company noted that the cash infusion will provide funding for continuing operations through at least 2025.
  • BiotechValley Insights just wrote that Omeros ( OMER ) is a buy.

For further details see:

Omeros up 35% in premarket trading following $200M milestone payment
Stock Information
Company Name: Omeros Corporation
Stock Symbol: OMER
Market: NASDAQ
Website: omeros.com
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