Analyst RatingThe rating for Eyenovia has been changed to Neutral from Buy, reflecting a more cautious outlook.
Clinical Trial ChallengesThe Phase 3 CHAPERONE study did not meet its primary endpoint for pediatric myopia, leading to the discontinuation of the MicroPine study.
Investment RisksRisks to the investment thesis include failure of products and/or candidates to achieve peak commercial revenue estimates due to market size, penetration rates, and/or pricing.