Aerie's eye drug meets main goal in late-stage study, shares jump

Aerie Pharmaceuticals said on Wednesday its eyedrug met the main goal in a late stage study, sending its shares up 71 percent in extended trading.

The company's drug, Roclatan, is a fixed-dose combination of its lead drug Rhopressa and latanoprost, one of the most widely prescribed glaucoma drugs.

The study achieved its primary goal by showing statistical superiority of the drug over each of its components, all of which were dosed once daily in the evening, the company said.

The company submitted a marketing application for Rhopressa—a once-daily eye drop to treat patients with glaucoma or ocular hypertension—to the U.S. Food and Drug Administration last week.

Up to Tuesday's close, the stock had fallen 19.3 percent this year.

Let's block ads! (Why?)

Aerie's eye drug meets main goal in late-stage study, shares jump