Shares of US clinical stage company Aerie Pharmaceuticals (Nasdaq: AERI) were up 67% to $30.15 in after-hours trading on Wednesday, after the company reported the successful results of its second Phase III trial for Rhopressa, previously known as AMA0076, a novel once-daily, triple-action eye drop being tested for its ability to lower intraocular pressure (IOP) in patients with glaucoma or ocular hypertension.
The trial achieved its primary efficacy endpoint demonstrating non-inferiority of Rhopressa compared to timolol, the most widely used comparator.
This was positive news for the company, which in April this year said the product failed to meet its primary efficacy endpoint in a Phase III trial. Aerie later said that the US Food and Drug Administration allowed the drug maker to modify the primary endpoint in the second Phase III trial (The Pharma Letter June 6).
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze