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Stock impact report

Formosa and Tabuk sign deal for FDA-approved ophthalmic suspension [Yahoo! Finance]

Eyenovia, Inc. (EYEN) 
Last eyenovia, inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
the clobetasol propionate ophthalmic suspension, 0.05% (APP13007) to treat inflammation and pain after ocular surgery. APP13007 will be commercialised in key Middle East and North Africa (MENA) regions. The deal comes after the ophthalmic suspension obtained approval from the US Food and Drug Administration (FDA) in March 2024. The agreement includes upfront payments and milestone payments on meeting commercialisation and sales-based goals, other than additional considerations, throughout the deal's term. APP13007 utilises Formosa Pharma's APNT nanoparticle formulation platform and contains clobetasol propionate, a superpotent corticosteroid. This formulation offers a convenient dosing regimen, requiring administration only twice daily for 14 days, while offering quick and lasting inflammation and pain relief. Tabuk Pharmaceuticals CEO Ismail Shehada stated: “We are excited at Tabuk to be partnering with Formosa to introduce this innovative drug for our patients in Saudi A Show less Read more
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