ALIM Alimera Sciences Inc.

9
+0.69  (+8%)
Previous Close 8.31
Open 8.26
52 Week Low 2.8602
52 Week High 10.79
Market Cap $51,474,303
Shares 5,719,367
Float 5,161,804
Enterprise Value $107,917,291
Volume 91,538
Av. Daily Volume 105,074
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Drug Pipeline

Drug Stage Notes
Iluvien
Diabetic macular edema
Approved
Approved
CRL Nov 2011. Second CRL Oct 17 2013. Approved Sept 26 2014

Latest News

  1. ATLANTA, March 02, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) ("Alimera"), a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, announces that President and CEO Rick Eiswirth will present at the H.C. Wainwright Global Life Sciences Conference to be held on March 9-10, 2021.

    The presentation will be available on-demand beginning March 9 at 7:00 am ET and be available for 90 days. Investors can view the presentation by registering for the conference here. Mr. Eiswirth will be available for virtual one-on-one meetings with investors on March 9-10, and meeting requests can be made on the conference website once an…

    ATLANTA, March 02, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) ("Alimera"), a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, announces that President and CEO Rick Eiswirth will present at the H.C. Wainwright Global Life Sciences Conference to be held on March 9-10, 2021.

    The presentation will be available on-demand beginning March 9 at 7:00 am ET and be available for 90 days. Investors can view the presentation by registering for the conference here. Mr. Eiswirth will be available for virtual one-on-one meetings with investors on March 9-10, and meeting requests can be made on the conference website once an investor is registered.

    About Alimera Sciences, Inc.

    Alimera Sciences is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals. Alimera is presently focused on diseases affecting the back of the eye, or retina, because these diseases are not well treated with current therapies and affect millions of people in our aging populations. For more information, please visit www.alimerasciences.com.

    For press inquiries:

    Jules Abraham

    for Alimera Sciences

    917-885-7378



    For investor inquiries:

    Scott Gordon

    for Alimera Sciences



            

    # # #



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  2. Fourth Quarter Highlights:

    • Consolidated Net Revenue of $13.8 Million Up 10% vs. Third Quarter of 2020
    • Consolidated Net Revenue Down 20% vs. Fourth Quarter of 2019 Due to COVID-19 Impact
    • Net Loss of $(1.0) Million vs. Net Income of $0.5 Million in Fourth Quarter of 2019
    • $1.1 Million Adjusted EBITDA vs. $2.6 Million Adjusted EBITDA in Fourth Quarter of 2019

    Year End 2020 Highlights:

    • Consolidated Net Revenue of $50.8 Million
    • International Net Revenue Increased 20% vs. 2019
    • Net Loss of $(5.3) Million vs. Net Loss of $(10.4) Million in 2019
    • $3.5 Million Adjusted EBITDA vs. $21,000 Adjusted EBITDA in 2019

    ATLANTA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a global pharmaceutical…

    Fourth Quarter Highlights:

    • Consolidated Net Revenue of $13.8 Million Up 10% vs. Third Quarter of 2020
    • Consolidated Net Revenue Down 20% vs. Fourth Quarter of 2019 Due to COVID-19 Impact
    • Net Loss of $(1.0) Million vs. Net Income of $0.5 Million in Fourth Quarter of 2019
    • $1.1 Million Adjusted EBITDA vs. $2.6 Million Adjusted EBITDA in Fourth Quarter of 2019

    Year End 2020 Highlights:

    • Consolidated Net Revenue of $50.8 Million
    • International Net Revenue Increased 20% vs. 2019
    • Net Loss of $(5.3) Million vs. Net Loss of $(10.4) Million in 2019
    • $3.5 Million Adjusted EBITDA vs. $21,000 Adjusted EBITDA in 2019

    ATLANTA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a global pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals for the treatment of retinal diseases, today announced financial results for the fourth quarter and full year 2020. Alimera will host a conference call on February 25, 2021, at 9:00 a.m. ET to discuss these results and provide an update on corporate developments.

    "While Alimera continues to experience challenges due to the COVID-19 pandemic, we saw double digit sequential quarterly net revenue growth after the second quarter of 2020 and we delivered over $50 million in annual net revenue while maintaining positive adjusted EBITDA," said Rick Eiswirth, Alimera's President and Chief Executive Officer. "Additionally, we were able to advance our key corporate objectives of continuing to execute our global expansion strategy for ILUVIEN and initiating and enrolling patients in our NEW DAY study, a landmark trial intended to position ILUVIEN as the preferred first-line treatment for diabetic macular edema. With this progress, and the benefit of retaining our workforce throughout the pandemic, our primary objective is to resume our prior growth trajectory later this year as the COVID-19 pandemic begins to resolve."

    Fourth Quarter and Full Year 2020 Financial Results

    Net Revenue for Q4 2020

    Consolidated net revenue was down 20% to approximately $13.8 million for Q4 2020, compared to $17.3 million for Q4 2019, but was up 10% over Q3 2020.

    U.S. net revenue decreased 22% to approximately $7.4 million for Q4 2020 compared to U.S. net revenue of $9.5 million for Q4 2019 but increased 6% versus Q3 2020. End user demand, which represents units purchased by physicians and pharmacies from our distributors, decreased 26% to 867 units during Q4 2020 compared to 1,164 units during Q4 2019 but increased 19% over Q3 2020.

    The difference between GAAP revenue and end user demand is due to the timing of distributor purchases from Q4 2020 versus Q4 2019. During Q4 2019, our distributors purchased approximately the same number of units that were sold to end users. During Q4 2020, our distributors purchased approximately 6% more units than were sold to end users.

    International net revenue decreased 18% to approximately $6.4 million for Q4 2020, compared to approximately $7.8 million for Q4 2019. The decrease in international net revenue in Q4 2020 was due to strong distributor sales in Q4 2019 and the negative effect of the COVID-19 pandemic in Q4 2020 on both our direct and distributor markets.

    Net Revenue for FY 2020

    For 2020, consolidated net revenue decreased 6% to approximately $50.8 million, compared to approximately $53.9 million in 2019.

    For 2020, U.S. net revenue decreased 23%, or approximately $7.5 million, to $24.8 million compared to $32.3 million in 2019. The decrease was primarily attributable to the negative effect of the COVID-19 pandemic on our end user demand, which also decreased 23% in 2020 to 3,075 units compared to 3,993 units for 2019.

    For 2020, international net revenue increased 20% to approximately $26.0 million for 2020, compared to approximately $21.7 million in 2019. The growth of revenue in the international segment was primarily due to expansion and growth into new and existing markets through our distributors. Alimera also saw an increased sales volume in the markets where we sell direct.

    Prospective Changes to Segment Presentation

    Historically, Alimera has had three segments consisting of a U.S. Segment, an International Segment, and an Other Segment. Beginning in 2021, Alimera and its chief operating decision maker (Mr. Eiswirth, its CEO) have changed the way Alimera analyzes its business and its respective segments to provide increased transparency and comparability of the performance of the U.S. and International segments.

    In future SEC filings and press releases relating to periods beginning January 1, 2021, Alimera will report segment results using this new approach. In the Annual Report on Form 10-K for 2020 that Alimera intends to file soon, Alimera will present its 2020 and 2019 segment information under the historical approach and also expects to provide pro forma information reflecting the new methodology to provide a preview of how it will work in practice when applied to periods beginning on January 1, 2021 and thereafter.

    Operating Expenses

    Total operating expenses were approximately $11.6 million for Q4 2020, compared to approximately $13.6 million for Q4 2019. Total operating expenses for 2020 were approximately $44.4 million compared to approximately $52.6 million in 2019. The decreases in total operating expenses were mainly attributable to reduced spending associated with the impact of the COVID-19 pandemic and included decreases in travel and entertainment costs, medical congresses and other marketing costs, and professional fees across

    all functional areas.

    Net (Loss) Income

    Net loss for Q4 2020 was $(1.0) million, compared to net income of approximately $0.5 million for Q4 2019. For 2020, net loss totaled approximately $(5.3) million compared to a net loss of approximately $(10.4) million in 2019. 

    Basic and diluted net loss per share for Q4 2020 was approximately $(0.18) compared to basic and diluted net income per share of $0.08 for Q4 2019.

    Basic and diluted net loss per share for 2020 was $(1.04) compared to basic and diluted net loss per share for 2019 of $(2.19).

    Adjusted EBITDA

    "Adjusted EBITDA," a non-GAAP financial measure defined below, was approximately $1.1 million for Q4 2020, compared to Adjusted EBITDA of approximately $2.6 million for Q4 2019. For 2020, Adjusted EBITDA was approximately $3.5 million compared to Adjusted EBITDA of approximately $21,000 for 2019.

    Cash and Cash Equivalents

    As of December 31, 2020, Alimera had cash and cash equivalents of approximately $11.2 million, compared to $11.3 million at September 30, 2020 and $9.4 million at December 31, 2019.

    Definition of Non-GAAP Financial Measure

    For purposes of this press release, "Adjusted EBITDA" is defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation expenses, net unrealized gains and losses from foreign currency exchange transactions, losses on extinguishment of debt and severance expenses. Please refer to the sections of this press release entitled "Non-GAAP Financial Measure" and "Reconciliation of GAAP Net Income or Loss to Non-GAAP Adjusted EBITDA."

    Conference Call to Be Held February 25, 2021

    A live conference call will be hosted on February 25, 2021 at 9:00 a.m. EST by Rick Eiswirth, president and chief executive officer, and Phil Jones, chief financial officer, to discuss Alimera's financial results and provide an update on corporate developments. Please refer to the information below for conference call dial-in information and webcast registration.

    Conference date: Thursday, February 25, 2021 9:00 a.m. EST

    Conference dial-in: 866-777-2509

    International dial-in: 412-317-5413

    Conference Call Name: Alimera Sciences (NASDAQ:ALIM) Fourth Quarter and Full Year 2020 Financial Results Conference Call        

    Conference Call Pre-registration: Participants are asked to pre-register for the call by navigating to: https://dpregister.com/sreg/10152084/e204bf9050 

    Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call without delay. All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Alimera Sciences call.

    The conference call will also be available through a live webcast which is also available through the company's website.

    Live Webcast URL: https://services.choruscall.com/links/alimera210225.html 

    A replay will be available on Alimera's website, www.alimerasciences.com, under "Investor Relations" one hour following the live call.

    Conference Call replay: US Toll Free: 1-877-344-7529

    International Toll: 1-412-317-0088

    Canada Toll Free: 855-669-9658

    Replay Access Code: 10152084

    End Date: March 11, 2021

    About Alimera Sciences, Inc.

    www.alimerasciences.com 

    Alimera Sciences is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals. Alimera is presently focused on diseases affecting the back of the eye, or retina, because these diseases are not well treated with current therapies and affect millions of people in our aging populations. For more information, please visit www.alimerasciences.com.

    Non-GAAP Financial Measure

    This press release contains a discussion of a non-GAAP financial measure, as defined in Regulation G promulgated under the Securities Exchange Act of 1934, as amended. Alimera reports its financial results in compliance with GAAP but believes that the non-GAAP measure of Adjusted EBITDA provides useful information to investors regarding Alimera's operating performance. Alimera uses Adjusted EBITDA in the management of its business. Accordingly, Adjusted EBITDA for the three and twelve months ended December 31, 2020 and 2019 has been presented in certain instances excluding items identified in the reconciliations provided in the table entitled "Reconciliation of GAAP Net Income or Loss to non-GAAP Adjusted EBITDA." GAAP net income or loss is the most directly comparable GAAP financial measure to Adjusted EBITDA.

    Adjusted EBITDA, as presented, may not be comparable to similarly titled measures reported by other companies because not all companies may calculate Adjusted EBITDA in an identical manner. Therefore, Adjusted EBITDA is not necessarily an accurate measure of comparison between companies.

    The presentation of Adjusted EBITDA is not intended to be considered in isolation or as a substitute for guidance prepared in accordance with GAAP. The principal limitation of this non-GAAP financial measure is that it excludes significant elements required by GAAP to be recorded in Alimera's financial statements. In addition, Adjusted EBITDA is subject to inherent limitations as it reflects the exercise of judgments by management in determining this non-GAAP financial measure.

    Forward Looking Statements

    This press release contains, and the conference call in which executives of Alimera will discuss this press release may include, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding, among other things, Alimera's expectations regarding resuming its prior growth trajectory later this year as the COVID-19 pandemic begins to resolve and the expected success of the NEW DAY study. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change these expectations, and could cause actual results to differ materially from those projected in these forward-looking statements. Meaningful factors that could cause actual results to differ include, but are not limited to, uncertainties associated with (a) the continued effects of COVID-19 on the ability or willingness of patients to visit their retina specialists for ILUVIEN injections, including current and future governmental orders and policies adopted by healthcare facilities to address the COVID-19 pandemic, and the duration of these limitations; (b) the recent resurgence of the pandemic in both Europe and the U.S.; (c) the emergence of COVID-19 variants that may increase the transmissibility of the coronavirus or be more deadly, or both; (d) the success or failure of the vaccine campaigns in Alimera's markets; (e) when in fact the pandemic will subside enough to permit Alimera's operations to return to its prior growth trajectory, and whether Alimera will be able to achieve that goal when given that opportunity; and (f) the possibility that the NEW DAY Study may (i) fail to demonstrate the efficacy of ILUVIEN as baseline therapy in patients with early diabetic macular edema (DME) or to generate data demonstrating the benefits of ILUVIEN when compared to the current leading therapy for DME, and (ii) take longer or be more costly to complete than we currently anticipate, as well as the other factors discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of (i) Alimera's Annual Report on Form 10-K for the year ended December 31, 2019, and (ii) Alimera's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, both of which are on file with the SEC and are available on the SEC's website at http://www.sec.gov. Additional factors will also be described in those sections, and in the Summary of Principal Risk Factors section, of Alimera's Annual Report on Form 10-K for the year ended December 31, 2020, to be filed with the SEC soon. Alimera undertakes no obligation to publicly update or revise any of the forward-looking statements made in this press release, whether as a result of new information, future events or otherwise, except as required by law. Therefore, you should not rely on these forward-looking statements as representing Alimera's views as of any date after today.

    For investor inquiries:For media inquiries:
    Scott GordonJules Abraham
    for Alimera Sciencesfor Alimera Sciences
      



    ALIMERA SCIENCES, INC.

    CONSOLIDATED BALANCE SHEETS

    (in thousands)

          
          
     December 31,
     2020  2019 
     (unaudited)  
    CURRENT ASSETS:     
    Cash and cash equivalents$11,208  $9,426 
    Restricted cash 34   33 
    Accounts receivable, net 17,200   19,331 
    Prepaid expenses and other current assets 3,718   2,565 
    Inventory 2,746   1,390 
    Total current assets 34,906   32,745 
    NON-CURRENT ASSETS:     
    Property and equipment, net 1,638   940 
    Right of use assets, net 720   1,107 
    Intangible asset, net 12,838   14,783 
    Deferred tax asset 753   734 
    TOTAL ASSETS$50,855  $50,309 
    CURRENT LIABILITIES:     
    Accounts payable$7,461  $7,077 
    Accrued expenses 3,197   4,716 
    Paycheck Protection Program (PPP) loan 1,481    
    Finance lease obligations 209   255 
    Total current liabilities 12,348   12,048 
    NON-CURRENT LIABILITIES:     
    Notes payable 42,408   38,658 
    Finance lease obligations — less current portion 514   94 
    Other non-current liabilities 3,563   3,954 
    COMMITMENTS AND CONTINGENCIES     
    STOCKHOLDERS' DEFICIT:     
    Preferred stock:     
    Series A Convertible Preferred Stock 19,227   19,227 
    Series C Convertible Preferred Stock    11,117 
    Common stock 57   50 
    Additional paid-in capital 365,830   350,117 
    Common stock warrants 370   3,707 
    Accumulated deficit (392,909)  (387,570)
    Accumulated other comprehensive loss — foreign currency translation adjustments (553)  (1,093)
    TOTAL STOCKHOLDERS' DEFICIT (7,978)  (4,445)
    TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT$50,855  $50,309 

    ALIMERA SCIENCES, INC.

    CONSOLIDATED STATEMENTS OF OPERATIONS

    FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2020 AND 2019

    (in thousands, except share and per share data)

                
                
     Three Months Ended  Twelve Months Ended
     December 31, December 31,
     2020  2019  2020  2019 
     (unaudited) (unaudited) (unaudited)  
    NET REVENUE$13,774  $17,348  $50,820  $53,943 
    COST OF GOODS SOLD, EXCLUDING DEPRECIATION AND AMORTIZATION (1,992)  (2,273)  (6,941)  (6,626)
    GROSS PROFIT 11,782   15,075   43,879   47,317 
    RESEARCH, DEVELOPMENT AND MEDICAL AFFAIRS EXPENSES 2,506   2,670   9,668   10,992 
    GENERAL AND ADMINISTRATIVE EXPENSES 3,458   3,527   11,652   13,271 
    SALES AND MARKETING EXPENSES 4,985   6,784   20,384   25,687 
    DEPRECIATION AND AMORTIZATION 660   667   2,676   2,641 
    OPERATING EXPENSES 11,609   13,648   44,380   52,591 
    NET INCOME (LOSS) FROM OPERATIONS 173   1,427   (501)  (5,274)
    INTEREST EXPENSE AND OTHER (1,452)  (1,173)  (5,380)  (4,869)
    UNREALIZED FOREIGN CURRENCY GAIN (LOSS), NET 179   51   474   (84)
    NET (LOSS) INCOME BEFORE TAXES (1,100)  305   (5,407)  (10,227)
    BENEFIT (PROVISION) FOR TAXES 123   193   68   (216)
    NET (LOSS) INCOME$(977) $498  $(5,339)  (10,443)
    NET (LOSS) INCOME PER SHARE — Basic$(0.18) $0.08  $(1.04) $(2.19)
    WEIGHTED AVERAGE SHARES OUTSTANDING — Basic 5,387,937   4,897,005   5,117,656   4,770,204 
    WEIGHTED AVERAGE PARTICIPATING SHARES – Basic    1,278,170       
    TOTAL WEIGHTED AVERAGE SHARES OUTSTANDING — Basic 5,387,937   6,175,175   5,117,656   4,770,204 
    NET (LOSS) INCOME PER SHARE — Diluted$(0.18) $0.08  $(1.04) $(2.19)
    WEIGHTED AVERAGE SHARES OUTSTANDING — Diluted 5,387,937   4,920,794   5,117,656   4,770,204 
    WEIGHTED AVERAGE PARTICIPATING AND DILUTIVE SHARES – Diluted    1,278,170       
    TOTAL WEIGHTED AVERAGE SHARES OUTSTANDING — Diluted 5,387,937   6,198,964   5,117,656   4,770,204 

    RECONCILIATION OF GAAP MEASURES TO NON-GAAP ADJUSTED MEASURES

    GAAP NET INCOME OR LOSS TO NON-GAAP ADJUSTED EBITDA

    (in thousands)

     
                    
     Three Months Ended

    December 31,
     Twelve Months Ended

    December 31,
     2020 2019 2020 2019
      
     (unaudited)
    GAAP NET (LOSS) INCOME$(977)



     
     $498 



     
     $(5,339)



     
     $(10,443)



     
    Adjustments to net (loss) income:       
    Interest expense and other1,452   1,173   5,380   4,869  
    (Benefit) provision for taxes(123)  (193)  (68)  216  
    Depreciation and amortization660   667   2,676   2,641  
    Stock-based compensation expenses255   553   1,318   2,456  
    Unrealized foreign currency exchange (gains) losses(179)  (51)  (474)  84  
    Severance expenses         198  
    NON-GAAP ADJUSTED EBITDA$1,088   $2,647   $3,493   $21 



     



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  3. ATLANTA, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a pharmaceutical company that specializes in the development and commercialization of prescription ophthalmic pharmaceuticals, announces that ILUVIEN is now available in Finland for diabetic macular edema (DME) and non-infectious uveitis affecting the posterior segment (NIPU), and will be marketed by Alimera and distributed by Nordic Prime.

    "Finland marks the first of the Nordic countries that we have now expanded into as part of our ongoing strategy to bring ILUVIEN to patients around the world suffering from retinal disease," said Rick Eiswirth, Alimera's President and Chief Executive Officer. "This launch adds yet another territory to our commercial…

    ATLANTA, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a pharmaceutical company that specializes in the development and commercialization of prescription ophthalmic pharmaceuticals, announces that ILUVIEN is now available in Finland for diabetic macular edema (DME) and non-infectious uveitis affecting the posterior segment (NIPU), and will be marketed by Alimera and distributed by Nordic Prime.

    "Finland marks the first of the Nordic countries that we have now expanded into as part of our ongoing strategy to bring ILUVIEN to patients around the world suffering from retinal disease," said Rick Eiswirth, Alimera's President and Chief Executive Officer. "This launch adds yet another territory to our commercial footprint, with ILUVIEN now marketed in 13 countries.  ILUVIEN therapy delivers a daily treatment for up to three years, unlike competing therapies that are acute, short-term therapies that need to be reinjected into the eye every 1-3 months.  The durability of ILUVIEN can reduce the recurrence of symptoms in patients with DME and non-infectious uveitis affecting the posterior segment, and enable patients to see better, longer with fewer injections."

    ILUVIEN is a sustained release intravitreal implant indicated in several European countries for the treatment of vision impairment associated with chronic diabetic macular edema (DME) considered insufficiently responsive to available therapies and for prevention of relapse in recurrent non-infectious uveitis affecting the posterior segment of the eye (NIPU).

    About ILUVIEN

    www.ILUVIEN.com

    The Company's primary product is ILUVIEN (fluocinolone acetonide intravitreal implant) 0.19 mg sustained release intravitreal implant, injected into the back of the eye. With its CONTINUOUS MICRODOSING technology, ILUVIEN is designed to release sub-microgram levels of fluocinolone acetonide, a corticosteroid, for 36 months, to reduce the recurrence of disease and number of treatments required, enabling patients to maintain vision longer with fewer injections. ILUVIEN is approved in the U.S., Canada, Kuwait, Lebanon and the U.A.E to treat diabetic macular edema (DME) in patients who have been previously treated with a course of corticosteroids and did not have a clinically significant rise in intraocular pressure. In 17 European countries, ILUVIEN is indicated for the treatment of vision impairment associated with chronic DME considered insufficiently responsive to available therapies. In March 2019, ILUVIEN received approval in the 17 countries under the Mutual Recognition Procedure for prevention of relapse in recurrent non-infectious uveitis affecting the posterior segment of the eye. The 17 European countries include the U.K., Germany, France, Italy, Spain, Portugal, Ireland, Austria, Belgium, Denmark, Norway, Finland, Sweden, Poland, Czechia, the Netherlands, and Luxembourg. The non-infectious posterior uveitis indication for ILUVIEN was launched in Germany and the U.K. in 3Q 2019. ILUVIEN is not approved for treatment of uveitis in the United States.

    About Diabetic Macular Edema (DME)

    DME, the primary cause of vision loss associated with diabetic retinopathy, is a disease affecting the macula, the part of the retina responsible for central vision. When the blood vessel leakage associated with diabetic retinopathy results in swelling of the macula, the condition is called DME. The onset of DME is painless and may go unreported by the patient until it manifests with the blurring of central vision or acute vision loss. The severity of this blurring may range from mild to profound loss of vision. The Wisconsin Epidemiologic Study of Diabetic Retinopathy found that over a 10-year period approximately 19% of people with diabetes included in the study were diagnosed with DME. All people with type 1 or type 2 diabetes are at risk of developing DME.

    About Non-Infectious Posterior Uveitis (NIPU)

    Posterior segment non-infectious uveitis is a chronic, inflammatory disease affecting the posterior segment of the eye, often involving the retina, and is a leading cause of blindness in developed and developing countries. It affects people of all ages, producing swelling and destroying eye tissues, which can lead to severe vision loss and blindness. Patients with NIPU are typically treated with systemic steroids, which are effective, but over time frequently lead to serious side effects, ranging from acne, weight gain, sleep and mood disorders to hypertension and osteoporosis that can limit effective dosing. Patients then often progress to steroid-sparing therapy with systemic immune suppressants or biologics, which also can have severe side effects, including an increased risk of cancer and infection. As a result, there remains a significant need for new therapies with improved efficacy, tolerability, and safety profiles to manage this disease.

    About Alimera Sciences, Inc.

    www.alimerasciences.com

    Alimera Sciences is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals. Alimera is presently focused on diseases affecting the back of the eye, or retina, because these diseases are not well treated with current therapies and affect millions of people in our aging populations.  For more information, please visit www.alimerasciences.com.

    Forward Looking Statements

    This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, regarding, among other things, Alimera's expectations with respect to sales in the Netherlands. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual results to differ materially from those projected in its forward-looking statements. Meaningful factors which could cause actual results to differ include, but are not limited to, Alimera's ability to successfully commercialize ILUVIEN in Finland and the general acceptance by patients and physicians of ILUVIEN to treat DME and posterior uveitis in Finland, Alimera's ability to launch in more Nordic countries, as well as other factors discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Alimera's Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020,  June 30, 2020, and September 30, 2020, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at www.sec.gov.

    All forward-looking statements contained in this press release are expressly qualified by the cautionary statements contained or referred to herein. Alimera cautions investors not to rely too heavily on the forward-looking statements Alimera makes or that are made on its behalf. These forward-looking statements speak only as of the date of this press release (unless another date is indicated). Alimera undertakes no obligation, and specifically declines any obligation, to publicly update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

      
    For press inquiries:

    Jules Abraham

    for Alimera Sciences

    917-885-7378



    For investor inquiries:

    Scott Gordon

    for Alimera Sciences





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  4. ATLANTA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a global pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals for the treatment of retinal diseases, announces today that it will report fourth quarter and full year 2020 financial results on Wednesday, February 24, 2021 after the market close.

    Management will host a conference call at 9:00 AM ET on Thursday, February 25, 2021 to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question and answer session.

    Participants are asked to pre-register for the call.

    Please note that registered participants…

    ATLANTA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a global pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals for the treatment of retinal diseases, announces today that it will report fourth quarter and full year 2020 financial results on Wednesday, February 24, 2021 after the market close.

    Management will host a conference call at 9:00 AM ET on Thursday, February 25, 2021 to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question and answer session.

    Participants are asked to pre-register for the call.

    Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call without delay. Those without Internet access or who are unable to pre-register may dial in by calling 1-866-777-2509 (domestic) or 1-412-317-5413 (international). All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Alimera Sciences call. 

    The conference call will also be available through a live webcast, which is also available through the company's website.

    A webcast replay of the call will be available approximately one hour after the end of the call through May 25, 2021. The webcast replay can be accessed through the above links or by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 10152084. The telephonic replay will be available until March 11, 2021.

    About Alimera Sciences, Inc.

    Alimera Sciences is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals. Alimera is presently focused on diseases affecting the back of the eye, or retina, because these diseases are not well treated with current therapies and affect millions of people in our aging populations. For more information, please visit www.alimerasciences.com.

    For press inquiries:For investor inquiries:
    Jules AbrahamScott Gordon
    for Alimera Sciencesfor Alimera Sciences
    917-885-7378
     


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  5. ATLANTA, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a leader in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, announces that President and CEO Rick Eiswirth will present at the Microcap Rodeo Winter Wonderland Conference, which will be held from February 16-19, 2021.

    The presentation will be webcast live on February 16, 2021 at 1:00PM ET and then available for on-demand listening. The Company will be available for one-on-one meetings on February 18 and 19, 2021. For those interested in viewing Mr. Eiswirth's presentation, which includes live Q&A, it can be accessed here.

    About Alimera Sciences, Inc.

    Alimera Sciences is a…

    ATLANTA, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (Alimera), a leader in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, announces that President and CEO Rick Eiswirth will present at the Microcap Rodeo Winter Wonderland Conference, which will be held from February 16-19, 2021.

    The presentation will be webcast live on February 16, 2021 at 1:00PM ET and then available for on-demand listening. The Company will be available for one-on-one meetings on February 18 and 19, 2021. For those interested in viewing Mr. Eiswirth's presentation, which includes live Q&A, it can be accessed here.

    About Alimera Sciences, Inc.

    Alimera Sciences is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals. Alimera is presently focused on diseases affecting the back of the eye, or retina, because these diseases are not well treated with current therapies and affect millions of people in our aging populations. For more information, please visit www.alimerasciences.com.

    For press inquiries:

    Jules Abraham

    for Alimera Sciences

    917-885-7378





    For investor inquiries:

    Scott Gordon

    for Alimera Sciences





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    View Full Article Hide Full Article
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