4D Molecular Therapeutics Inc.’s share price nearly doubled today after a mid-stage trial of its wet age-related macular degeneration gene therapy showed that patients could do without injections of Regeneron Pharmaceuticals, Inc. and Bayer AG’s Eylea (aflibercept), the blockbuster that currently dominates the wet AMD market.
4D Molecular Therapeutics Brings A New Dimension To Wet AMD
The eye disease gene therapy 4D-150 posted highly impressive Phase II data, prompting a near-doubling of the company’s market value.
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Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.