In preparation for subsequent clinical testing, Aldeyra is conducting clinical method development studies to assess the feasibility of measuring ocular itching induced by environmental exposure to allergen.
Also read: Aldeyra Therapeutics (ALDX) Q4 2018 Earnings Conference Call Transcript
In the second half of 2019, Aldeyra plans to meet with regulatory authorities to discuss the ALLEVIATE results and remaining clinical requirements for a potential submission of a New Drug Application to the FDA.
CEO Todd Brady said, “Consistent with positive results from five prior Phase 2 clinical trials in ocular inflammation, today’s announcement confirms the potential of reproxalap as a novel and clinically meaningful approach for the treatment of allergic conjunctivitis. Given that approximately half of allergic conjunctivitis patients also suffer from ocular dryness, we believe the ALLEVIATE results highlight the relevance of reproxalap to our current Phase 3 program in dry eye disease.”
The company also announced that it entered into a $60 million loan and security agreement with Hercules Capital.
Aldeyra stock had declined 14% since the beginning of this year and 11% in the past 12 months.
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