Aldeyra's eye drug meets main goal in late-stage study, shares surge [Reuters (UK)]
Aldeyra Therapeutics, Inc. (ALDX)
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Source: Reuters
Aldeyra's eye drug meets main goal in late-stage study, shares surge | Reuters 2 Min Read (Reuters) - Aldeyra Therapeutics Inc said on Tuesday its drug reproxalap to treat a form of allergic reaction to the eye met the main goal in a late-stage trial, sending shares up more than 60 percent. The study tested two doses of the drug in 318 patients with seasonal allergic conjunctivitis, an allergic reaction to substances such as pollen or spores causing eye inflammation. Both concentrations of reproxalap exhibited an anti-inflammatory profile distinct from standard-of-care and support a different mechanism of action for the treatment of allergic conjunctivitis, the company said. The results suggest the potential of reproxalap being used to complement existing therapy, Aldeyra Chief Medical Officer David Clark said in a statement. Earlier this month, Cantor Fitzgerald analyst Elemer Piros had said the study only had a 30 percent probability of success, but added that a positive result coul
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- Aldeyra Therapeutics, Inc (NASDAQ: ALDX) was upgraded by analysts at Oppenheimer Holdings Inc. from a "market perform" rating to an "outperform" rating. They now have a $10.00 price target on the stock.MarketBeat
ALDX
Earnings
- 8/3/23 - Beat
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- 4/25/24 - Form 8-K
- 4/25/24 - Form EFFECT
- 4/22/24 - Form ARS
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