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FDA rejects Outlook Therapeutics' eye drug, causing stock to plummet by nearly 70%.
The FDA rejected Outlook Therapeutics' application for its eye drug ONS-5010 (Lytenava) to treat wet age-related macular degeneration, citing insufficient evidence of effectiveness.
The decision caused the company's stock to drop by nearly 70%.
While ONS-5010 is approved in Europe, the FDA recommended submitting additional confirmatory evidence of efficacy for future approval attempts.
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La FDA rechaza el medicamento para los ojos de Outlook Therapeutics, haciendo que las existencias caigan en picado en casi un 70%.