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Biotech Stocks Facing FDA Decision In March

Aerie Pharma
Aerie Pharma

The FDA decision on Aerie Pharmaceuticals Inc.’s (AERI) Rocklatan, a once-daily eye drop designed to reduce intraocular pressure (IOP) in patients with glaucoma or ocular hypertension is expected on March 14, 2019.

Rocklatan is a fixed-dose combination of Aerie’s Rhopressa, which is currently available in the United States, and widely-prescribed PGA (prostaglandin analog) Latanoprost.

If approved by the FDA, Rocklatan will be only US product approved based upon superiority to a prostaglandin.

Analysts rate Rocklatan as a potential blockbuster drug.

AERI closed Tuesday’s trading at $46.13, up 14.81%.