US biotech Aldeyra Therapeutics (Nasdaq: ALDX) has received a third complete response letter from the American medicines regulator for its dry eye candidate reproxalap, sending shares down around 68%.
From thepharmaletter.comThree strikes. Aldeyra's shares have plunged after a third consecutive FDA rejection for reproxalap.
At what point does persistence become a liability to shareholders?
#FDA #biotech #drugdevelopment #clinicaltrials
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Aldeyra shares plunge after third FDA rejection for reproxalap
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