Update: Recent Key Developments at OKYO Pharma

Today, we are excited to share a few recent and key developments at OKYO Pharma Ltd. (NASDAQ: OKYO) ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ Greetings Investors, Today, we are excited to share a few recent and key developments at OKYO Pharma Ltd. (NASDAQ: OKYO), a bio-pharmaceutical company dedicated to advancing treatments for major eye diseases. Since the Company’s inception in 2018, OKYO Pharma has made remarkable progress towards its goals. The Company is now currently on track to initiate the first phase 2 trial of OK-101, with anticipated efficacy data by the end of the year. OKYO recently announced the pricing of a Company best efforts registered direct offering of 2,666,667 ordinary shares at an offering price of $1.50 per ordinary share. The gross proceeds to OKYO from this offering, before deducting estimated offering expenses, are expected to be $3.95 million. These funds, raised from friends, family, and insiders, is a testament to the collective belief in OKYO’s journey and will play a pivotal role in furthering the company’s research and development endeavors. Primarily directed towards accelerating the clinical development of OKYO’s product candidates, these funds address general corporate needs and strengthen the Company’s working capital. With these resources in place, OKYO is in a prime position to further its mission in developing OK-101 as a potential treatment for dry eye disease (DED), a massive market worth over [$5 billion]( in 2019, affecting almost 50 million Americans. Another exciting development from OKYO is the recent insider buying within the company. Management, including senior figures such as CEO Gary Jacob, CFO Keeren Shah, CSO Raj Patil, and Non-Executive Chairman Gabriel Cerrone have demonstrated their faith in OKYO Pharma's potential and growth journey. These company members have chosen to defer their wages and accept shares as compensation, reinforcing their confidence and belief in OKYO Pharma’s mission. Furthermore, financial institutions such as Goldman have set a price target of $5.50, indicating their positive outlook on OKYO Pharma's trajectory. This recognition reaffirms OKYO’s dedication to delivering value and advancing toward its goals. These exciting developments put OKYO Pharma at the top of our watch-list as the Company continues to progress at a rapid pace towards its goals. Best regards, SmallCaps Daily Copyright 2023 © SCDalerts.com is owned and operated by the owner of SCD Media LLC. Disclaimer and Privacy For more Information please contact info@smallcapsdaily.com This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. 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