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Eyenovia: ($EYEN) stock falls 70% after unexpected results from the recent drug study

Eyenovia: ($EYEN) stock falls 70% after unexpected results from the recent drug study

Eyenovia $EYEN stock falls 70% after unexpected results from the recent drug study

Eyenovia ($EYEN) said Friday that a phase 3 study evaluating its drug-device combination of low-dose atropine in the company's Optejet dispensing platform for pediatric progressive myopia, did not meet its primary endpoint.

The company's shares were down nearly 70% in recent trading.

The independent Data Review Committee found no significant difference in myopia progression between the treatment arms of 0.01% and 0.1% atropine and the placebo.

Eyenovia said it would terminate the study despite safety data indicating that all dosages and placebo were well-tolerated.




Source: MT Newswires