regulatory
confidence high
sentiment neutral
materiality 0.60
Aldeyra to appeal FDA's March 16 CRL for reproxalap dry eye; cash runway extended to 2029
Aldeyra Therapeutics, Inc.
- Plans Formal Dispute Resolution Request to FDA's Office of New Drugs appealing the March 16, 2026 Complete Response Letter denying approval of reproxalap for dry eye disease.
- FDRR submission and OND meeting expected in Q4 2026; FDA has issued three CRLs for reproxalap after the original NDA and two resubmissions.
- Most recent CRL did not request further trials but said totality of evidence from completed trials does not support effectiveness; prior two CRLs recommended an additional clinical trial.
- Aldeyra cites data from nine adequate and well-controlled clinical trials, five of which achieved all multiplicity-controlled primary endpoints.
- Reported $45.1M cash and equivalents as of June 30, 2026; projected operational cash runway extended into 2029.