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Ocular claims a win with Phase 3 eye drug data even as shares sink
Ocular Therapeutix announced positive Phase 3 trial results for its experimental eye disease drug, Axpaxli, showing it outperformed a low dose of Eylea in treating wet age-related macular degeneration. Despite the company’s claim of a successful trial, Ocular’s shares dropped by 23% as analysts noted the benefits were modest and the high success rate in the Eylea control arm disappointed investors. Ocular plans to seek FDA approval, entering a competitive market currently dominated by Eylea and Vabysmo.