Press Releases July 21, 2026 07:00 AM

OKYO Pharma Announces Purchase of Shares by Chairman

Chairman of OKYO Pharma increases stake signaling confidence ahead of Phase 3 trial

By Priya Menon
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OKYO Pharma Limited announced that its Chairman, Mr. Gabriele Cerrone, has acquired an additional 25,000 shares, increasing his ownership to 20.51%, demonstrating strong insider confidence. The company is preparing to start a global Phase 3 pivotal clinical trial for its lead drug candidate, urcosimod, targeting neuropathic corneal pain.

OKYO Pharma Announces Purchase of Shares by Chairman
OKYO
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Key Points

  • Chairman Gabriele Cerrone purchased 25,000 additional shares at $1.40 each, raising his total stake to over 20%.
  • OKYO Pharma is a clinical-stage biopharmaceutical company focusing on neuropathic corneal pain and anterior segment eye diseases.
  • The company plans to initiate a global Phase 3 pivotal clinical trial involving approximately 111 patients in the second half of 2026 for its drug urcosimod.

LONDON and NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- OKYO Pharma Limited (Nasdaq: OKYO), a clinical-stage biopharmaceutical company developing investigational therapies for the treatment of neuropathic corneal pain (NCP) and anterior segment eye diseases, today announced that its Chairman, Mr. Gabriele Cerrone, through Panetta Partners Ltd, an entity in which he has a beneficial interest, has increased his holdings with the purchase of 25,000 ordinary shares at $1.40 per share, bringing his total holding to 10,851,416 ordinary shares, which is 20.51% of issued share capital.

About OKYO Pharma

OKYO Pharma Limited (Nasdaq: OKYO) is a clinical-stage biopharmaceutical company developing innovative therapies for the treatment of neuropathic corneal pain (NCP) and anterior segment eye diseases, with ordinary shares listed for trading on the Nasdaq Capital Market. OKYO plans to initiate a global Phase 3 pivotal clinical trial in the second half of this year, enrolling approximately 111 patients to evaluate a single-dose regimen of urcosimod for the treatment of NCP.

For further information, please visit www.okyopharma.com.

For further inquiries:

OKYO Pharma Ltd
Paul Spencer
Business Development and Investor Relations
+44 (0) 207 495 2379
Email: [email protected]


Risks

  • Phase 3 clinical trial results may not meet efficacy or safety endpoints, impacting drug approval and commercial prospects.
  • Insider share purchase, while positive, does not guarantee successful drug development or regulatory approval.
  • Market competition and potential delays in trial enrollment or regulatory approvals could affect company valuation and timelines.

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