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Stock impact report

Aldeyra Therapeutics Has Data To Trigger AbbVie Partnership [Seeking Alpha]

Aldeyra Therapeutics, Inc. (ALDX) 
Last aldeyra therapeutics, inc. earnings: 11/7 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.aldeyra.com/investor-relations
Company Research Source: Seeking Alpha
2.08K Follower s Follow Summary Aldeyra Therapeutics' Reproxalap eye drop for Dry Eye Disease has new positive data for the second NDA attempt. Aldeyra has an option agreement with AbbVie, potentially leading to significant milestone payments and a 60%/40% partnership if FDA approval is granted. Reproxalap offers immediate and long-term relief, a significant advantage over existing therapies like Xiidra and Restasis, enhancing its market potential. Aldeyra has $120 million in cash and a market cap of about $319 million. choja On August 8 th , Aldeyra Therapeutics, Inc. ( NASDAQ: ALDX seemingly achieved its final clinical step in its long and winding road to achieve FDA approval for its Dry Eye Disease (DED) eye drop, called Reproxalap . Approval, if granted, should trigger the exercise of an exclusive option owned by AbbVie Inc. ( ABBV ) that would result in significant milestone payments and the creation of a 60%/40% partnership (with Aldeyra being the minority owner Show less Read more
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