Rival complement blocker still searching for breakthrough

25 August 2022

Retinal disease specialist Apellis Pharmaceuticals (Nasdaq: APLS) drew positives from 24-month Phase III data for pegcetacoplan on Wednesday, while markets appear underwhelmed.

Shares in the company were changing hands for less than $59 on Thursday morning, a 10% discount from the start of the week.

The results come from the Phase III DERBY and OAKS studies in geographic atrophy (GA), an advanced form of age-related macular degeneration and a leading cause of blindness.

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