US glaucoma therapies specialist Aerie Pharmaceuticals (Nasdaq: AERI) has reported the successful 12-month interim safety results of Rocket 2, Aerie’s second Phase III registration trial for Rhopressa (netarsudil ophthalmic solution) 0.02%, a novel once-daily eye drop being tested for its ability to lower intraocular pressure (IOP) in patients with glaucoma or ocular hypertension.
The news, released late on Wednesday, sent Aerie’s shares rocketing 21.3% to $18.00 by mid-morning trading today.
The company previously reported that Rocket 2 had achieved its primary 90-day efficacy endpoint of demonstrating non-inferiority of IOP lowering for Rhopressa QD compared to timolol BID. The Rocket 2 trial is a pivotal trial expected to be part of Aerie’s NDA filing for Rhopressa, which the company expects to submit to the US Food and Drug Administration in the third quarter of 2016.
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