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Stock impact report

Eyenovia Stock Sinks As Pivotal Trial Fails To Hit Primary Efficacy Goal, Analyst Downgrades Due To Limited Capital And Near Term Upside From Pipeline [Yahoo! Finance]

Eyenovia, Inc. (EYEN) 
Last eyenovia, inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
drug-device combination of low-dose atropine in the company's Optejet dispensing platform pediatric progressive myopia Progressive myopia is a type of nearsightedness that worsens over time due to the eyeball growing too long. The company said that an independent Data Review Committee (DRC) reviewed the CHAPERONE data and found that the trial is not meeting its primary endpoint of a less than 0.5 diopter progression in visual acuity over three years. The DRC reviewed the safety and efficacy data from 252 evaluable patients. The DRC found that the rate of myopia progression was not significantly different between the two active treatment arms (0.01% and 0.1% atropine ophthalmic metered spray) and placebo. In the safety analysis, all dosages and placebo appeared well-tolerated, with a mild and infrequent adverse event profile. Full study data has not yet been released to Eyenovia. “We plan to terminate the study, review the data more thoroughly, and evaluate the next steps,” s Show less Read more
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