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The Economic Times
The Economic Times
Business

EyePoint's drug for age-related eye disease fails late-stage trial, shares tank 70%

EyePoint Disease Regeneron United States

EyePoint said its experimental drug to ​treat a serious eye disease that affects older people failed in a late-stage trial, sending its shares plunging over 65% in premarket ‌trading ⁠on Monday.

The ⁠company was testing the drug, Duravyu, against approved treatment Eylea ​in patients with wet age-related macular degeneration, a leading cause of vision ​loss.

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