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SpyGlass Pharma raises $172.5M in IPO, reports positive Phase 1/2 BIM-IOL trial data with ongoing Phase 3 studies.

Company Fundamentals
26 Mar 2026
GlobeNewsWire
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Bullish
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SpyGlass Pharma completed a $172.5 million IPO in February 2026 and reported positive 12-month Phase 1/2 trial results for its BIM-IOL System, showing sustained intraocular pressure control and elimination of eye drops for 97% of patients. Phase 3 trials are underway with full enrollment expected in 2027. The company expects its cash to fund operations through 2028 and plans to initiate a first-in-human trial for its BIM-DRS device later in 2026, aiming to offer long-term, eye drop-free glaucoma treatment for cataract surgery patients.

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