Eyenovia to End Eye Drug Study After Missing Late-stage Goal, Shares Fall

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Eyenovia to End Eye Drug Study After Missing Late-stage Goal, Shares Fall
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Eyenovia will discontinue a late-stage study for its experimental drug-device combination to treat near-sightedness in children after it failed to slow the condition's...

- Eye novia will discontinue a late-stage study for its experimental drug -device combination to treat near-sightedness in children after it failed to slow the condition's progression, sending its shares down nearly 57% before the bell on Friday.

An independent committee reviewed the safety and efficacy data from 252 trial participants and found that the rate of myopia progression was not significantly different between the treatment arm and placebo. Optejet delivers the drug in microdoses and reduces chances of overdosing compared to conventional eyedroppers, according to the company.

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