Aldeyra's dry eye drug gets FDA approval review, with potential for $400M in AbbVie deals.

Aldeyra Therapeutics' new drug application for reproxalap, aiming to treat dry eye disease, has been accepted by the FDA with a review deadline of April 2, 2025. The company also expanded its agreement with AbbVie, which could lead to a $100 million upfront payment and up to $300 million in milestones if the drug is approved. AbbVie would handle 60% of profits and losses in the U.S., with Aldeyra receiving 40%.

November 18, 2024
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