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Opus Genetics | Ocuphire Pharma

Biotech & Life Sciences · Durham, United States · Founded 2018 · IPO 2004

Clinical-stage gene therapies for inherited retinal diseases MoreLess

Opus Genetics, Inc. is a clinical-stage biopharmaceutical company focused on the development of gene therapies and ophthalmic treatments to address rare and debilitating inherited retinal diseases (IRDs) and other vision disorders. Formed through the all-stock acquisition of Opus Genetics by Ocuphire Pharma in October 2024, the combined entity adopted the Opus Genetics name and Nasdaq ticker symbol “IRD” to reflect its strategic focus on transformative genetic medicines for vision loss.

The company’s core mission is to restore and preserve vision by addressing the underlying genetic causes of severe retinal disorders that currently lack effective therapies. Its pipeline centers on multiple adeno-associated virus (AAV)-based gene therapy candidates, including programs targeting Leber congenital amaurosis (LCA5), BEST1-related diseases, and other mutations associated with retinitis pigmentosa and related conditions. These one-time, potentially durable treatments aim to deliver healthy copies of defective genes directly to retinal cells, offering hope for patients with historically untreatable forms of blindness.

In addition to its gene therapy portfolio, Opus Genetics continues to develop phentolamine ophthalmic solution 0.75%, an approved small-molecule therapy originally advanced by Ocuphire, which is being evaluated in Phase 3 clinical trials for conditions such as presbyopia and low-light vision disturbances following keratorefractive surgery. The company also collaborates with strategic partners to further small-molecule and biologic ophthalmic programs where appropriate.

Opus Genetics serves patients, clinicians, and the broader retinal disease community worldwide. Its value proposition lies in combining world-class gene therapy innovation—rooted in scientific expertise and supported by leading researchers and clinicians—with clinical development experience and capital resources to accelerate regulatory milestones and broaden patient access. The company’s work occurs within a rapidly evolving biotechnology landscape in which genetic medicines are increasingly recognized for their potential to deliver durable, targeted treatments for conditions once considered untreatable.

Headquartered in Research Triangle Park/Durham, North Carolina, Opus Genetics is led by a seasoned management team and board with deep experience in ophthalmology, gene therapy, and translational science. The company positions itself at the intersection of cutting-edge biotechnology and patient-centric innovation, addressing substantial unmet medical needs in rare ophthalmic diseases while pursuing broader applications that could impact millions of patients globally.

Keywords: gene therapy, inherited retinal diseases, IRDs, ophthalmic biopharmaceutical, AAV-based therapies, Leber congenital amaurosis, presbyopia, retinal degeneration, clinical-stage biotech, vision restoration, durable therapies, Durham NC

Valuation $248M
Revenue $15M
Total funding $50–100M

Company overview

Opus Genetics | Ocuphire Pharma company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2018
Headquarters
Durham, United States
Employees
44
Open positions
3
Dealroom signal
94.4
Investment activity
1 companies · latest Oct 2024
Capital deployed
Preferred round
ACQUISITION
client focusb2bsub industryBioTechnologybusiness modelManufacturingindustryHealthsectorBiotechnologysectorBiotech and PharmasectorHard TechsectorSeal of Excellence ECsectorDT and LSsectorscience-based

Valuation & funding

Opus Genetics | Ocuphire Pharma funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITYOther financing Apr 2026 $5M Oberland Capital
GRANTOther financing Apr 2026 $35M Oberland Capital
PRIVATE PLACEMENT VCOther financing Feb 2026 $25M Adage Capital · Trails Edge Capital Partners · Marshall Wace
POST IPO EQUITYOther financing Nov 2025 $23M Balyasny Asset Management · Perceptive Advisors · Nantahala Capital Management
GRANTOther financing Jun 2025 $2M Retinal Degeneration Fund
POST IPO EQUITYOther financing Mar 2025 Perceptive Advisors · Nantahala Capital Management · George Magrath · Cam Gallagher
PRIVATE PLACEMENT NON VCOther financing Mar 2025 Undisclosed
IPOOther financing Oct 2024 Undisclosed
GRANTOther financing Nov 2020 National Eye Institute
EARLY VCOther financing Jan 2020 Undisclosed
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Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMargin
2026 $15M +4.7% −$37M -245.8%
2025 $14M +29.1% −$37M -257.5%
2024 $11M -42.3% −$30M -269.2%
2023 $19M -52.2% −$8.7M -45.8%
2022 $40M +6665.7% $18M 45.7%
2021 $589K −$23M -3880.8%
2020 −$9.4M
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Growth signals

Opus Genetics | Ocuphire Pharma website traffic

Latest recorded traffic for Opus Genetics | Ocuphire Pharma is 7.1K monthly website visits, down 16.5% over the last three months. Opus Genetics | Ocuphire Pharma's team grew 46.7% over the past year.

Latest monthly visits7.1K 3-month web change-16.5% 1-year team growth+46.7%
Monthly website visits77 observations · Dec 2018–Jul 2026
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Comparisons

Opus Genetics | Ocuphire Pharma compared with similar companies

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Capital deployed

Opus Genetics | Ocuphire Pharma investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Opus Genetics | Ocuphire Pharma's talent

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Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

21 investors on Opus Genetics | Ocuphire Pharma's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 2 investors entered at this stage
National Eye Institute
Retinal Degeneration Fund
Series B+ 11 investors entered at this stage
Michigan Angel Fund
Blue Water Angels
BELLE Capital
Grand Angels
Ann Arbor Angels
Perceptive Advisors
Nantahala Capital Management
George Magrath
Cam Gallagher
Balyasny Asset Management
Oberland Capital
Other known 8 additional known investors
Adage Capital
Marshall Wace
Trails Edge Capital Partners
Altium Capital Management
Belle Fund
Biosciences Research and Commercialization Center
ID Ventures
Michigan Capital Network

Global footprint

Where Opus Genetics | Ocuphire Pharma has talent and traffic

Workforce by country
🇺🇸 United States · Durham HQ
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In the news

Latest news about Opus Genetics | Ocuphire Pharma

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Market sentiment

What the market is saying about Opus Genetics | Ocuphire Pharma

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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