Home Health US FDA approves Eyenovia’s eye drug, Formosa Pharma says – ET HealthWorld | Pharma

US FDA approves Eyenovia’s eye drug, Formosa Pharma says – ET HealthWorld | Pharma

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US FDA approves Eyenovia’s eye drug, Formosa Pharma says – ET HealthWorld | Pharma

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Bengaluru: The U.S. Food and Drug Administration had authorized Eyenovia‘s eye drops to cut back irritation and ache in sufferers who’ve undergone eye surgical procedure, Taiwan-based Formosa Pharmaceuticals stated on Monday.

Eyenovia acquired U.S. business rights of the drug final August from Formosa.

The remedy, which comprises potent topical steroid clobetasol propionate, is usually used to deal with pores and skin circumstances equivalent to eczema and psoriasis.

The steroid has to this point not been used to deal with eye illnesses.

Eyenovia is working to launch the product mid-year, and seeks to seize a major share of an estimated $1.3 billion annual market alternative, Eyenovia CEO Michael Rowe stated.

Formosa didn’t present particulars on the pricing or the model title for the attention drops, whereas Eyenovia didn’t instantly reply to Reuters’ request for feedback. The U.S. FDA’s approval got here in following knowledge from two late-stage research carried out by Formosa in sufferers who had undergone cataract surgical procedure.

In each research, the drops – often called APP13007 – have been administered twice a day for 2 weeks and helped cut back post-surgical eye irritation and ache.

Canada-based Bausch + Lomb’s Lotemax, used thrice a day, can also be authorized by the U.S. well being regulator to deal with irritation and ache after eye surgical procedure.

(Reporting by Sriparna Roy, Sneha S Ok and Mariam Sunny in Bengaluru; Enhancing by Shilpi Majumdar, Shounak Dasgupta and Sherry Jacob-Phillips)

  • Revealed On Mar 5, 2024 at 10:33 AM IST

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