Aldeyra puts wobble behind it with solid Phase III result
An allergic conjunctivitis medicine developed by Aldeyra Therapeutics (Nasdaq: ALDX), reproxalap, has generated positive Phase III data in the INVIGORATE-2 trial.
Shares in the company were lifted on Thursday, although gains have now fallen away.
Aldeyra, a Massachusetts-based firm working on innovative therapies for immune-mediated diseases, hopes the drug will help people who have a poor response to over-the-counter options.
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