Iveric opens a third higher on positive Zimura results

6 September 2022

US biopharma Iveric Bio (Nasdaq: ISEE) has announced positive top-line results from GATHER2, the company’s second Phase III trial of Zimura (avacincaptad pegol), a novel investigational complement C5 inhibitor, for the treatment of geographic atrophy (GA).

The announcement led to shares in Iveric opening up by more than 33% on Tuesday.

GATHER2 met its prespecified primary endpoint of mean rate of growth in GA area at 12 months with statistical significance and a favorable safety profile.

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