Future portfolio expansion will advance a new era of ophthalmic care while driving continued growth of Irvine's MedTech and life sciences sector.

IRVINE, Calif., Aug. 27, 2026 /PRNewswire/ -- SpyGlass Pharma, a biopharmaceutical clinical-stage company dedicated to transforming treatment for patients living with chronic eye conditions, today celebrated the grand opening of its new Irvine headquarters, marking a pivotal point in the company's growth.

The opening of its 33,000-square-foot headquarters August 27 is a homecoming for SpyGlass Pharma, which established its first laboratory space in Irvine in 2021 before expanding to a larger facility in Aliso Viejo. After advancing its lead product candidate from the R&D phase to launch two robust Phase 3 clinical trials, the company outgrew its former facility following a successful IPO in February 2026, along with a strengthened leadership team and increased headcount. SpyGlass Pharma looked to expand its footprint as it plans to scale up for commercialization of its innovative sustained drug delivery system and advance its ophthalmology pipeline.

"This is a special moment for SpyGlass," said Patrick Mooney, CEO of SpyGlass Pharma. "Our roots have always been in Orange County, and now we're thrilled to move our headquarters to Irvine for this significant growth phase of the company. Irvine has been a hub for innovation, and it only makes sense that SpyGlass is centrally located as we gear up for our first product launch and continue to develop additional innovative sustained drug delivery products for patients with chronic eye conditions."

Since completing its initial public offering in February 2026, which raised $172.5 million in gross proceeds, SpyGlass Pharma has grown its workforce by 33% and now employs more than 85 people.

"SpyGlass Pharma's decision to move to Irvine underscores our City's standing as a premier destination for growing businesses," said Mayor Larry Agran. "We are proud to welcome them back to our vibrant economic community."

The new headquarters also provides expanded product development space as SpyGlass prepares for its next phase of growth.

"Significantly expanding our operation in Irvine gives SpyGlass access to world-class talent in the competitive biotech environment," said James Dennewill, COO of SpyGlass Pharma. "The local talent, fed by a top-ranked public research university, combined with the expanded innovation space, will fuel SpyGlass innovation for years to come. For a company focused on enduring vision, we're excited to be partnering with a City that has built an enduring ecosystem for innovative medical technologies for over 50 years."

About the City of Irvine
Since its incorporation in 1971, Irvine has become a nationally recognized city, with a population of 317,744 that spans 66 square miles and is recognized as one of America's safest and most successful master-planned urban communities. Top-rated educational institutions, an enterprising business atmosphere, sound environmental stewardship, and respect for diversity all contribute to Irvine's enviable quality of life. This family-friendly city features more than 16,000 acres of parks, sports fields and dedicated open space and is the home of the Great Park. For more information, please visit cityofirvine.gov. 

About SpyGlass Pharma
SpyGlass Pharma is a late-stage biopharmaceutical company dedicated to transforming the treatment paradigm for patients living with chronic eye conditions through long-acting, sustained drug delivery of approved medicines. The Company's mission is to significantly improve the lives of patients with chronic eye conditions by developing durable drug delivery solutions that can empower patients and surgeons with confidence in long-term disease control and vision preservation.

The SpyGlass Pharma platform, a novel, non-bioerodible drug delivery technology, is designed to be used with various well-established, approved medicines, including bimatoprost and other small molecules, providing flexibility to potentially treat a range of conditions in the front and back of the eye.

The Company was founded in 2019 by Malik Y. Kahook, M.D., and Glenn Sussman to solve the lack of ophthalmic innovations that capitalize on durable treatment options. The SpyGlass Pharma platform was originally developed in the Sue Anschutz-Rodgers Eye Center at the University of Colorado Anschutz School of Medicine.

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SOURCE City of Irvine and SpyGlass Pharma