Aldeyra expands retinal disease pipeline with acquisition
US biotech firm Aldeyra Therapeutics (Nasdaq: ALDX) today announced that it has acquired Helio Vision, a privately held biotechnology company, with the news pushing its share up 1.56% to $8.48 by mid-morning trading.
The acquisition adds to Aldeyra's pipeline a Phase III-ready product candidate (ADX-2191, intravitreal methotrexate) for the treatment of proliferative vitreoretinopathy (PVR), a serious sight-threatening condition with no approved treatment. ADX-2191 has received Orphan Drug designation from the US Food and Drug Administration.
Stock deal worth up to $25 million
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