Clinical TrialsThe Phase 3 COAST trial of sozinibercept in combination with Eylea in wet age-related macular degeneration failed to meet its primary endpoint, which is a significant setback.
Financial SolvencyThe company could be required to pay four multiples of the amounts paid to the company upon termination of the Development Funding Agreement, which would have a material impact on its solvency.
Stock DowngradeAnalyst downgrades the stock to MP, and the price target moves significantly from $12 to $1.