EyePoint is halting its pivotal trials for duravyu in wet age-related macular degeneration after a second Phase 3 failure. The company will also reduce its workforce by half and refocus on diabetic macular edema.
EyePoint is initiating a strategic review after duravyu failed another Phase 3 trial in wet age-related macular degeneration. Amid significant layoffs and trial terminations, the company is shifting attention to the asset’s potential in diabetic macular edema.
Original title: “EyePoint will halve workforce, end pivotal wet AMD trials early following second fail”