Sight Sciences launches OMNI® Edge Surgical System for glaucoma surgery, featuring advanced viscoelastic delivery technology and improved capacity.
Quiver AI Summary
Sight Sciences, Inc. has announced the launch of the OMNI® Edge Surgical System, an advanced technology designed for minimally invasive glaucoma surgery (MIGS). The new system will be showcased at the upcoming American Society of Cataract and Refractive Surgery (ASCRS) Annual Meeting in Los Angeles from April 25-27. OMNI Edge features TruSync™ technology for synchronous viscoelastic delivery and has a higher capacity for viscoelastic material, increasing from 11 µL to 21 µL to enhance treatment effectiveness. This innovative system aims to treat primary open-angle glaucoma by addressing the main resistance areas in the aqueous outflow system. Beyond its technical advancements, the system retains the ergonomic design of its predecessor, making it easy for surgeons to adopt. Sight Sciences emphasizes its commitment to improving glaucoma care through technology and collaboration with healthcare professionals.
Potential Positives
- Launch of the OMNI® Edge Surgical System represents a significant innovation in glaucoma treatment, enhancing the company's product portfolio.
- The introduction of TruSync™ technology offers surgeons improved control and predictability, potentially increasing the adoption of the system.
- With established safety and effectiveness from over 300,000 procedures using the original OMNI system, the new product is positioned to attract further interest from surgeons and patients alike.
- Participation in the ASCRS Annual Meeting for launch promotion provides an opportunity for direct engagement with industry leaders and potential customers.
Potential Negatives
- OMNI Edge is only available in the United States, potentially limiting market reach and sales opportunities in international markets.
- The reliance on forward-looking statements in the press release may raise concerns about the accuracy of future expectations and the company's ability to deliver on those promises.
- Potential risks and uncertainties associated with the company's business operations are mentioned, which could negatively impact investor confidence and stock performance.
FAQ
What is the OMNI® Edge Surgical System?
The OMNI® Edge Surgical System is an advanced technology for minimally invasive glaucoma surgery that enhances treatment options for primary open-angle glaucoma.
When will the OMNI Edge be launched?
OMNI Edge will be launched at the 2025 ASCRS Annual Meeting in Los Angeles, California, from April 25-27, 2025.
What are the key features of the OMNI Edge?
Key features include higher viscoelastic capacity, TruSync technology for consistent delivery, and trusted ergonomics for seamless adoption by surgeons.
Where can I learn more about the OMNI Edge?
For more information, visit Sight Sciences' website at sightsciences.com/omniedge or attend the ASCRS meeting.
Is the OMNI Edge available outside the United States?
The OMNI Edge is currently only available in the United States.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SGHT Insider Trading Activity
$SGHT insiders have traded $SGHT stock on the open market 23 times in the past 6 months. Of those trades, 7 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $SGHT stock by insiders over the last 6 months:
- STAFFAN ENCRANTZ has made 1 purchase buying 551,802 shares for an estimated $2,058,221 and 1 sale selling 551,802 shares for an estimated $2,058,221.
- PAUL BADAWI (President and CEO) has made 0 purchases and 3 sales selling 61,229 shares for an estimated $172,256.
- MATTHEW LINK (Chief Commercial Officer) has made 0 purchases and 2 sales selling 26,873 shares for an estimated $134,092.
- MANOHAR K. RAHEJA (EVP, Research & Development) has made 6 purchases buying 35,000 shares for an estimated $111,473 and 0 sales.
- ALISON BAUERLEIN (Chief Financial Officer) has made 0 purchases and 2 sales selling 29,499 shares for an estimated $80,366.
- JEREMY B. HAYDEN (Chief Legal Officer) has made 0 purchases and 4 sales selling 22,991 shares for an estimated $63,972.
- DAVID BADAWI (Chief Technology Officer) has made 0 purchases and 4 sales selling 18,343 shares for an estimated $52,288.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SGHT Hedge Fund Activity
We have seen 45 institutional investors add shares of $SGHT stock to their portfolio, and 28 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LONG FOCUS CAPITAL MANAGEMENT, LLC added 1,373,535 shares (+158.8%) to their portfolio in Q4 2024, for an estimated $4,999,667
- BANK OF AMERICA CORP /DE/ removed 760,647 shares (-36.1%) from their portfolio in Q4 2024, for an estimated $2,768,755
- DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 712,896 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,594,941
- JACKSON SQUARE PARTNERS, LLC removed 687,062 shares (-74.8%) from their portfolio in Q4 2024, for an estimated $2,500,905
- PROSIGHT MANAGEMENT, LP added 377,625 shares (+71.1%) to their portfolio in Q4 2024, for an estimated $1,374,555
- RENAISSANCE TECHNOLOGIES LLC added 340,906 shares (+654.3%) to their portfolio in Q4 2024, for an estimated $1,240,897
- KCK LTD. removed 271,891 shares (-5.9%) from their portfolio in Q4 2024, for an estimated $989,683
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SGHT Price Targets
Multiple analysts have issued price targets for $SGHT recently. We have seen 2 analysts offer price targets for $SGHT in the last 6 months, with a median target of $4.5.
Here are some recent targets:
- An analyst from Stifel Nicolaus set a target price of $4.0 on 03/06/2025
- Frank Takkinen from Loop Capital Markets set a target price of $5.0 on 11/04/2024
Full Release
MENLO PARK, Calif., April 21, 2025 (GLOBE NEWSWIRE) -- Sight Sciences, Inc . (Nasdaq: SGHT) , an eyecare technology company focused on developing and commercializing innovative, interventional technologies intended to transform eye care and improve patients' lives, today announced the expansion of the OMNI ® product family by launching the OMNI ® Edge Surgical System . The new technology will debut at the 2025 American Society of Cataract and Refractive Surgery (ASCRS) Annual Meeting, taking place April 25–27 in Los Angeles, California.
OMNI Edge with TruSync™ technology builds on the proven performance of the OMNI ® Surgical System and introduces a higher-capacity viscoelastic delivery feature (21 µL) while maintaining the trusted safety, efficacy, and usability of the OMNI device. Designed for versatility in minimally invasive glaucoma surgery (MIGS), OMNI Edge reduces intraocular pressure (IOP) by treating all three known areas of resistance in the aqueous outflow system—the trabecular meshwork, Schlemm’s canal, and the collector channels. The system is adaptable to all stages of primary open-angle glaucoma (POAG) and can be used as a standalone procedure or in combination with cataract surgery.
"OMNI Edge represents the next step in providing the most comprehensive and versatile implant-free MIGS technology. The higher viscoelastic capacity, ergonomics, and predictability enhance my ability to safely and comprehensively treat a wide range of primary open-angle glaucoma cases,” said Christine Funke, MD, following early clinical use.
Key features of OMNI Edge:
- TruSync technology: A patented viscoelastic delivery technology synchronized with surgeon rotation of the control wheel — enabling consistent, predictable, and reproducible viscoelastic deployment along every clock hour of Schlemm’s canal that is treated.
- Expanded viscoelastic capacity: Delivers up to 21 µL—nearly double the 11 µL capacity of the OMNI Surgical System — with precise control, while maintaining the trusted ergonomics, safety, and versatility of the OMNI Surgical System.
-
Trusted ergonomics:
Retains the intuitive design of the OMNI Surgical System, preserving the intuitive handling surgeons know and trust, enabling a seamless adoption.
"Sight Sciences remains dedicated to evolving glaucoma care with interventional technologies that align with the way surgeons treat their patients safely, efficiently, and comprehensively," said Paul Badawi, Co-Founder and Chief Executive Officer of Sight Sciences. "OMNI Edge is a testament to our commitment to innovation and ongoing collaboration with the ophthalmic community."
Multiple studies, including prospective, long-term, and real-world have demonstrated the safety, effectiveness, and durability of the OMNI procedure in both standalone and combination cataract procedures. With over 300,000 procedures performed, 1 OMNI has established itself as a leader in canal-based MIGS.
The introduction of OMNI Edge expands the OMNI product family while maintaining the availability of OMNI, ensuring surgeons have access to both technologies to meet their unique surgical preferences and patient needs. OMNI Edge is only available in the United States.
Experience OMNI Edge at ASCRS 2025
Join us in celebrating the launch of OMNI Edge at the ASCRS meeting in Los Angeles on April 26, 2025, from 4:00 pm to 5:00 pm PT at our booth (#2439). Attendees are invited to explore this latest innovation and enjoy an hour networking with leading physicians and industry leaders. RSVP and learn more at
sightsciences.com/ascrs
.
About the OMNI Edge Surgical System
The OMNI
®
Edge Surgical System technology consists of a handheld, single-use therapeutic device for minimally invasive glaucoma surgery (MIGS). OMNI Edge allows surgeons 360 degrees of customized intervention to address the three primary areas of resistance of an eye’s diseased conventional outflow pathway (trabecular meshwork, Schlemm’s canal, and collector channels) through a single clear corneal microincision.
OMNI Edge is indicated for canaloplasty (the microcatheterization and viscodilation of Schlemm’s canal) followed by trabeculotomy (the cutting of trabecular meshwork) to reduce intraocular pressure in adult patients with primary open-angle glaucoma. Visit omnisurgical.com/instructionsforuse to access the instructions for use, warnings, precautions, and adverse event information. OMNI Edge should not be used in any situations where the iridocorneal angle is compromised or has been damaged since it may not be possible to visualize the angle or to properly pass the microcatheter. Do not use the OMNI in patients with angle recession; neovascular glaucoma; chronic angle closure; narrow-angle glaucoma; traumatic or malignant glaucoma; or narrow inlet canals with plateau iris or in quadrants with previous MIGS implants. OMNI technology is protected by a global patent portfolio including 32 issued patents worldwide. For more information, to schedule a demonstration, or to request training, visit sightsciences.com/omniedge .
About Sight Sciences
Sight Sciences is an eyecare technology company focused on developing and commercializing innovative and interventional solutions intended to transform care and improve patients' lives. Using minimally invasive or non-invasive approaches to target the underlying causes of the world's most prevalent eye diseases, Sight Sciences seeks to create more effective treatment paradigms that enhance patient care and supplant conventional outdated approaches. The Company's OMNI
®
Surgical System is an implant-free glaucoma surgery technology (i) indicated in the United States to reduce intraocular pressure in adult patients with primary open-angle glaucoma; and (ii) CE Marked for the catheterization and transluminal viscodilation of Schlemm's canal and cutting of the trabecular meshwork to reduce intraocular pressure in adult patients with open-angle glaucoma. Glaucoma is the world's leading cause of irreversible blindness. The SION
®
Surgical Instrument is a bladeless, manually operated device used in ophthalmic surgical procedures to excise trabecular meshwork. The Company's TearCare
®
System is 510(k) cleared in the United States for the application of localized heat therapy in adult patients with evaporative dry eye disease due to meibomian gland disease (MGD) when used in conjunction with manual expression of the meibomian glands, enabling clearance of gland obstructions by physicians to address the leading cause of dry eye disease.
Visit www.sightsciences.com for more information.
Forward-Looking Statements
This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include, without limitation statements regarding launch of the Company’s OMNI
®
Edge Surgical System. These statements often include words such as "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These forward-looking statements are subject to and involve numerous risks, uncertainties and assumptions, including those discussed under the caption "Risk Factors" in our filings with the U.S. Securities and Exchange Commission, as may be updated from time to time in subsequent filings, and you should not place undue reliance on these statements. These cautionary statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
1 Estimate based on units of OMNI (and predicates) shipped as of December 31, 2024.
© 2025 Sight Sciences. All rights reserved. Sight Sciences and TearCare are trademarks of Sight Sciences registered in the United States. OMNI and SION are trademarks of Sight Sciences registered in the United States, European Union and other territories. TruSync is a trademark of Sight Sciences. 04/2025 OM-3441-US.v1
Media contact:
[email protected]
Investor contact:
Philip Taylor
Gilmartin Group
415.937.5406
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f19dcae-7168-4dbc-b744-9c40fac4256d