Positive News For Skin Health: Aldeyra Therapeutics' ADX-629 Achieves Key Milestones in Atopic Dermatitis Study
Portfolio Pulse from Vandana Singh
Aldeyra Therapeutics Inc (NASDAQ:ALDX) reported positive topline results from a Phase 2 trial of ADX-629 for atopic dermatitis, showing significant clinical improvements. The trial met various EASI improvement thresholds and showed significant benefits in body surface area, IGA scores, and patient-reported outcomes, including itching and eczema severity. The study also indicated improvements in depression and anxiety. No patients required rescue therapy for flare-ups. Aldeyra plans to initiate a Phase 1/2 trial for ADX‑246 in 1H of 2024, with results expected in 2H of 2024. ALDX stock rose 15.50% to $3.42.
December 19, 2023 | 6:56 pm
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Aldeyra Therapeutics' stock rose 15.50% after announcing positive results from a Phase 2 trial of ADX-629 for atopic dermatitis, with significant clinical improvements and no flare-ups requiring rescue therapy.
The positive clinical trial results for ADX-629 are likely to increase investor confidence in Aldeyra Therapeutics, as successful trial outcomes can lead to FDA approval and commercialization, which would enhance the company's revenue and growth prospects. The immediate stock price increase reflects the market's positive reaction to the news. The announcement of the upcoming Phase 1/2 trial for ADX‑246 also suggests a robust pipeline, which is typically viewed favorably by investors.
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