Raising Biotech
Raising Biotech
Surani Fernando
S4, E3: Inside Opus Genetics’ Pivot – Skepticism, Proxy Fights and a Comeback, with CEO George Magrath
29 minutes Posted Mar 4, 2026 at 8:52 pm.
— Introduction
— George Magrath’s unusual path from surgeon to biotech CEO
— First exposure to Opus during clinical trials at Lexitas
— The reverse merger with Ocuphire and strategic shift into gene therapy
— The March 2025 financing and investor skepticism
— The proxy fight led by Ocuphire founder Mina Sooch
— Gene therapy hype cycles and investor sentiment
— Patient advocacy, ultra-rare disease, and the Lindsey Rambo story
— What comes next for Opus: pipeline expansion and future vision
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Show notes
In this episode, Surani speaks with George Magrath, CEO of Opus Genetics, about the realities of leading a public biotech company through a major strategic pivot and intense market scrutiny. Opus Genetics emerged from a 2024 reverse merger between Nasdaq-listed Ocuphire Pharma and a private gene therapy company focused on inherited retinal diseases. What followed was a turbulent stretch for the company, including investor skepticism, a proxy fight led by Ocuphire’s original founder, and a stock price that fell below $1.
George discusses his background as an ophthalmologist turned biotech executive, how he first encountered Opus while overseeing ophthalmology trials at Lexitas, and why he ultimately pursued the merger. The conversation also explores the company’s gene therapy pipeline targeting LCA5 and bestrophinopathies, the role of patient advocacy in ultra-rare disease development, and what it takes to advance clinical programs while navigating the pressures of the public markets.
The company has a current market cap of $306 million, share price $4.45 (4 March 2026).
Timestamps
For any comments, questions or feedback you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: [email protected]
Title music composed by: Yrii Semchyshyn (Coma Media)