• The FDA has accepted Aldeyra Therapeutics' resubmitted NDA for reproxalap, a potential first-in-class treatment for dry eye disease, with a PDUFA date of April 2, 2025.
• Aldeyra has expanded its option agreement with AbbVie, highlighting both companies' commitment to advancing a novel therapy for dry eye disease.
• Reproxalap, a RASP modulator, has demonstrated statistically significant activity in clinical trials with over 2,500 patients, showing a favorable safety profile.
• AbbVie may obtain a co-exclusive license, paying Aldeyra $100 million upfront (less previous fees) and up to $300 million in milestones, with a profit-sharing agreement.