regulatory
confidence high
sentiment negative
materiality 0.90
Aldeyra: FDA may not approve reproxalap NDA by Nov 23 PDUFA; additional trial needed
Aldeyra Therapeutics, Inc.
- FDA late-cycle review states reproxalap lacks data to support clinical relevance of ocular signs for dry eye.
- FDA indicated Aldeyra needs to conduct an additional clinical trial to satisfy efficacy requirements.
- Based on review timeline, FDA may issue Complete Response Letter and not approve by Nov 23, 2023 PDUFA date.
- Aldeyra submitted responses to mitigate issues, but FDA has not opined on sufficiency and has no obligation to review.
- Reproxalap NDA accepted in Feb 2023; approval now uncertain, requiring more resources and time.