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Eleven Bio risks a new focus after trial failure

 
• By Lisa LaMotta

It seems Allergan has a more durable franchise in Restasis than some biotech investors would like to believe. A competitor to the dry eye drug from Eleven Biotherapeutics failed a Phase III pivotal trial, pushing the company to change focus.

Eleven Bio announced early 18 May that EBI-005 failed to reduce pain or damage to the cornea compared to a...

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