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SpyGlass Pharma(SGP.US) Listed on the US stock market, opening with a surge of over 43%
On Friday, SpyGlass Pharma (SGP.US) launched on the U.S. stock market, with the opening stock price soaring over 43% to $23, compared to an IPO price of $16. SpyGlass Pharma is a late-stage clinical biotechnology company focused on developing sustained drug delivery systems for chronic eye diseases, aiming to improve patients’ vision and quality of life through longer-lasting and sustainable treatment options. Its core R&D product includes a system that combines a drug delivery pad with an artificial lens, used to treat chronic eye conditions such as open-angle glaucoma or high intraocular pressure. These treatments aim to enhance efficacy and patient compliance, offering potential advantages over traditional daily eye drops.