Ocular Therapeutix sees high volume trading after more positive Phase III results
Ocular Therapeutix (Nasdaq: OCUL) will submit a New Drug Application (NDA) to the US Food and Drug Administration for Dextenza (dexamethasone) in the first quarter of 2017.
The US-based biopharmaceutical company is focused on the development of therapies for diseases and conditions of the eye. Dextenza is designed to treat post-surgical ocular inflammation and pain, through a bioresorbable intracanalicular insert that provides drug release to the surface of the eye over a period of several weeks.
The decision to submit the NDA comes on the back of more positive results from a Phase III clinical trial, in which the test group demonstrated superior secondary endpoints at all measured timepoints. The drug has also exhibited a favorable safety profile.
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