ALIM on NASDAQ

Alimera Sciences

American biopharmaceutical sales company

Alimera Sciences, Inc. was a biopharmaceutical sales company based in Alpharetta, Georgia that specialized in the commercialization and sales of prescription ophthalmic pharmaceuticals.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2003Founded1

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  • TickerALIM on NASDAQ1
  • Industrypharmaceutical industry1
  • HeadquartersAlpharetta1
  • Websitewww.alimerasciences.com
  • Incorporated inDE4
  • Business address6310 Town Square, Suite 400, Alpharetta, Ga 300054
  • Filer categoryNon-accelerated filer, Smaller reporting company4
6120 Windward Pkwy, Alpharetta, March 2017
Photo: Thomson200, CC0, via Wikimedia Commons6

Alimera Sciences, Inc. was a biopharmaceutical sales company based in Alpharetta, Georgia that specialized in the commercialization and sales of prescription ophthalmic pharmaceuticals. The company's main selling focus was on diseases affecting the back of the eye, or retina.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

86.6%Gross margin7
-2.4%Operating margin7
-24.9%Net margin7
49.2%Revenue growth, 20237
-43.6%Return on equity7
-$14.5MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development21¢$16.6M
  • Other costs67¢$53.9M
  • Interest13¢$10.2M
  • Income tax0¢$85.0K

Out of $80.8M in revenue.7 The company lost money this year.

Financial statements

Revenue891011127$80.8M in 2023+125% since 2017
0$25.0M$50.0M$75.0M$100.0M2017: $35.9M$35.9M20172018: $46.6M$46.6M2018+30%2019: $53.9M$53.9M2019+16%2020: $50.8M$50.8M2020−6%2021: $59.0M$59.0M2021+16%2022: $54.1M$54.1M2022−8%2023: $80.8M$80.8M2023+49%
Gross profit891011127$69.9M in 2023+115% since 2017
0$20.0M$40.0M$60.0M$80.0M2017: $32.5M$32.5M20172018: $42.3M$42.3M2018+30%2019: $47.3M$47.3M2019+12%2020: $43.9M$43.9M2020−7%2021: $52.0M$52.0M2021+19%2022: $46.2M$46.2M2022−11%2023: $69.9M$69.9M2023+51%
Operating income891011127-$1.9M in 2023−88% since 2017
-$20.0M-$15.0M-$10.0M-$5.0M02017: -$16.5M-$16.5M20172018: -$9.7M-$9.7M2018−41%2019: -$5.3M-$5.3M2019−45%2020: -$501.0K-$501.0K2020−91%2021: -$201.0K-$201.0K2021−60%2022: -$11.6M-$11.6M2022+5691%2023: -$1.9M-$1.9M2023−83%
Net income891011127-$20.1M in 2023−8% since 2017
-$30.0M-$20.0M-$10.0M02017: -$22.0M-$22.0M20172018: -$16.4M-$16.4M2018−26%2019: -$10.4M-$10.4M2019−36%2020: -$5.3M-$5.3M2020−49%2021: -$4.4M-$4.4M2021−18%2022: -$18.1M-$18.1M2022+314%2023: -$20.1M-$20.1M2023+11%
Fiscal year2017201820192020202120222023
Revenue$35.9M8$46.6M9$53.9M10$50.8M11$59.0M12$54.1M7$80.8M7
Cost of revenue$3.4M15
Gross profit$32.5M8$42.3M9$47.3M10$43.9M11$52.0M12$46.2M7$69.9M7
Research and development$12.8M8$11.3M9$11.0M10$9.7M11$13.8M12$16.2M7$16.6M7
Operating income-$16.5M8-$9.7M9-$5.3M10-$501.0K11-$201.0K12-$11.6M7-$1.9M7
Interest$5.6M8$4.8M9$4.9M10$5.4M11$5.4M12$5.9M7$10.2M7
Income tax$163.0K8$106.0K9$216.0K10-$68.0K11$438.0K12$28.0K7$85.0K7
Net income-$22.0M8-$16.4M9-$10.4M10-$5.3M11-$4.4M12-$18.1M7-$20.1M7
Earnings per share-$0.338$3.749-$2.199-$0.6612-$2.597-$0.847
Earnings per share (diluted)-$0.338$3.719-$2.199-$0.6612-$2.597-$0.847

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The story

Alimera was founded in June 2003 by Dan Myers, Daniel White, Dave Holland and Mark Testerman. Three of the founders were previously part of Ciba Vision Ophthalmics, which was renamed Novartis Ophthalmics following a merger.

In 2004, Alimera Sciences introduced Soothe emollient (lubricant) eye drops for people with dry eyes. Soothe was the first lubricant eye drop to feature Restoryl, a lipid restorative that works to re-establish the lipid (oily) layer of tears, promoting sustained moisture retention. Soothe was a mineral oil in water emulsion developed by Chris Brancewicz (then at Clarkson University) for Ocular Research of Boston from 1996 to 2001. Soothe was sold to Bausch & Lomb in August 2007.

In 2006, Alimera Sciences developed and submitted for U.S. Food and Drug Administration approval an application for a prescription to over-the-counter drug switch of 0.025% ketotifen fumarate, for the temporary relief of ocular itch. This product, Alaway, was approved by the Food and Drug Administration in December 2006 and was sold along with a potential future line extension to Bausch & Lomb, which began marketing Alaway in spring 2007.

The company's licensed product, Iluvien, is a sustained release intravitreal implant that delivers sub-microgram levels of fluocinolone acetonide for 36 months. Alimera conducted two phase 3 clinical trials for Iluvien involving 956 patients in sites across the United States, Canada, Europe and India to assess the efficacy and safety of Iluvien at two dose levels. The company submitted the Iluvien new drug application to the FDA in June 2010 and was granted priority review in August 2010. In December 2010, November 2011, and October 2013 the Food and Drug Administration issued complete response letters stating that it was unable to approve a new drug application for Iluvien. Alimera met with the Food and Drug Administration in December 2013 and entered into labeling discussions. As a result, the company plans to refile with the FDA in early 2014.

In July 2010, a marketing authorization application for Iluvien was submitted to seven European countries via the Decentralized Regulatory Procedure with the United Kingdom’s Medicines and Healthcare products Regulatory Agency serving as the Reference Member State. The six Concerned Member States include Austria, France, Germany, Italy, Spain and Portugal.

In February 2012, based on a consensus arrived upon by the Reference Member State and the Concerned Member States, the Medicines and Healthcare products Regulatory Agency issued its Final Assessment Report that Iluvien is approvable. The company was tasked with seeking individual marketing authorizations in each of the seven countries. As of January 2014, Iluvien has been approved in Austria, France, Germany, Portugal, Spain, and the U.K. for the treatment of vision impairment associated with chronic diabetic macular edema considered insufficiently responsive to available therapies. In April 2013, Alimera began selling Iluvien in Germany and the UK, and intended to begin selling in France in 2014. Iluvien is available through the U.K. National Health Service. Alimera filed with the Medicines and Healthcare Products Regulatory Agency in the U.K. as the Reference Member State for 10 additional European Union (EU) country approvals through the Mutual Recognition Procedure.

In 2019, the U.K.'s National Institute for Health and Care Excellence has recommended funding for Iluvien as treatment for noninfectious posterior uveitis. The drug has also been indicated for and funded for the treatment of diabetic macular edema in the United Kingdom.

From Wikipedia’s article on Alimera Sciences, shared under CC BY-SA 4.0.5

Products and brands

  • medication

Listed on Wikidata.1

Timeline

  1. Apr 22, 2010Went public Listed on NASDAQ1
  2. 2003Founded Founded1

Recent filings

  1. Sep 18, 20244
  2. Sep 18, 20244 OWNERSHIP DOCUMENT
  3. Sep 18, 20244 OWNERSHIP DOCUMENT
  4. Sep 18, 20244 OWNERSHIP DOCUMENT
  5. Sep 18, 20244 OWNERSHIP DOCUMENT
  6. Sep 18, 20244 OWNERSHIP DOCUMENT
  7. Sep 18, 20244 OWNERSHIP DOCUMENT
  8. Sep 18, 20244 OWNERSHIP DOCUMENT
  9. Sep 18, 20244 OWNERSHIP DOCUMENT
  10. Sep 18, 20244 OWNERSHIP DOCUMENT
  11. Sep 18, 20244 OWNERSHIP DOCUMENT
  12. Sep 18, 20244 OWNERSHIP DOCUMENT
  13. Sep 18, 20244 OWNERSHIP DOCUMENT
  14. Sep 16, 20248-K
  15. Sep 16, 20244 OWNERSHIP DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2