Ocular's Make-Or-Break Moment: Axpaxli Data Looms For Wet AMD Market (Upgrade)

  • Axpaxli is Ocular's main value driver, targeting a large wet AMD market with a differentiated, sustained-release TKI mechanism. DEXTENZA sales are declining, making Ocular increasingly dependent on Axpaxli's clinical and commercial success. Upcoming Phase 3 data for Axpaxli is a binary catalyst: strong results could double the stock, while failure risks a 70%+ drop.