Clearside Biomedical Announced That The Therapeutic Goods Administration Of Australia Has Formally Accepted Arctic Vision's New Drug Application For Suprachoroidal Use Of Arcatus (ARVN001) For Uveitic Macular Edema
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Clearside Biomedical's new drug application for Arcatus (ARVN001) for Uveitic Macular Edema has been accepted by the Therapeutic Goods Administration of Australia. Arctic Vision, a China-based ophthalmology company, holds the exclusive license for the commercialization and development of Arcatus in several countries including Australia.
July 10, 2023 | 11:09 am
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Clearside Biomedical's new drug application acceptance in Australia could potentially boost its market presence and revenue in the region.
The acceptance of the new drug application by the Australian regulatory body is a positive development for Clearside Biomedical. This could potentially open up a new market for the company, leading to increased sales and revenue. Therefore, this news is likely to have a positive impact on the company's stock in the short term.
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