Black Friday for Eyenovia as shares fall 70%
New York-based ophthalmic technology company Eyenovia (Nasdaq: EYEN) is considering its options.
Shares in the company dropped by 70% on Friday after it was announced that a review of the CHAPERONE study data by an independent Data Review Committee (DRC) found that the trial is not meeting its primary endpoint of a less than 0.5 diopter progression in visual acuity over three years.
CHAPERONE is Eyenovia’s Phase III study evaluating its proprietary drug-device combination of low-dose atropine in the company’s Optejet dispensing platform as a potential treatment for pediatric progressive myopia.
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