Eyenovia Engages Chardan as Advisor for Review of Strategic Alternatives
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Eyenovia has engaged Chardan as an advisor to explore strategic alternatives while focusing on the development of its Gen-2 Optejet® device, aiming for completion by Q3 2025. The company plans to reduce spending by over 60% during this period.
January 06, 2025 | 12:15 pm
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Eyenovia is exploring strategic alternatives with Chardan's advisory while focusing on its Gen-2 Optejet® device development, targeting completion by Q3 2025. The company plans to cut spending by over 60%, which could impact its financials and strategic direction.
The engagement of Chardan to explore strategic alternatives suggests potential changes in Eyenovia's business strategy, which could include partnerships, mergers, or acquisitions. The focus on the Gen-2 Optejet® device and significant cost reductions indicate a strategic pivot that could positively impact the company's financial health and market position.
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