Shares of 4D Molecular Therapeutics (NASDAQ:FDMT) are currently up over 20.6% after the company released positive results from its Spectra trial.
The Spectra trial evaluates 4D-150 in patients with diabetic macular edema (DME). DME is a serious eye condition that can cause vision loss in people with diabetes.
The data included both the 52-week primary endpoint and 60-week analyses.
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Eylea (aflibercept) is a commonly used treatment from Regeneron Pharmaceuticals Inc. (NASDAQ:REGN).
According to 4DMT chief executive David Almeida, the SPECTRA trial results demonstrate “consistent, durable clinical activity of 4D-150 in DME, highlighting the potential for the product candidate to become a backbone therapy that can dramatically reduce treatment burden compared to the labeled regimen of standard-of-care aflibercept 2mg every eight weeks.”
The EMA has agreed, in line with the FDA, that a single Phase 3 trial—supported by existing SPECTRA and PRISM data along with two planned Phase 3 studies—would be sufficient for a marketing authorization application for 4D-150 in diabetic macular edema (DME).
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