U.S. markets open in 4 hours 33 minutes
  • S&P Futures

    4,541.25
    +32.75 (+0.73%)
     
  • Dow Futures

    34,303.00
    +301.00 (+0.89%)
     
  • Nasdaq Futures

    15,936.75
    +67.00 (+0.42%)
     
  • Russell 2000 Futures

    2,174.30
    +28.00 (+1.30%)
     
  • Crude Oil

    66.95
    +1.38 (+2.10%)
     
  • Gold

    1,771.30
    -13.00 (-0.73%)
     
  • Silver

    22.34
    +0.00 (+0.00%)
     
  • EUR/USD

    1.1329
    +0.0006 (+0.06%)
     
  • 10-Yr Bond

    1.4340
    0.0000 (0.00%)
     
  • Vix

    28.11
    +0.92 (+3.38%)
     
  • GBP/USD

    1.3318
    +0.0041 (+0.31%)
     
  • USD/JPY

    113.1690
    +0.3890 (+0.34%)
     
  • BTC-USD

    56,709.20
    -456.79 (-0.80%)
     
  • CMC Crypto 200

    1,446.31
    -22.77 (-1.55%)
     
  • FTSE 100

    7,122.06
    -46.62 (-0.65%)
     
  • Nikkei 225

    27,753.37
    -182.25 (-0.65%)
     

Bausch Health (BHC) Dry Eye Treatment Study Enrollment Complete

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Bausch + Lomb, the eye health business of Bausch Health Companies Inc. BHC, and Novaliq GmbH announced that the first of the two phase III studies evaluating NOV03 (perfluorohexyloctane)to treat the signs and symptoms of Dry eye disease (DED) associated with Meibomian gland dysfunction (MGD) has been completely enrolled.

The study enrolled 599 participants.

Shares of the company have decreased 7.4% against the industry’s growth of 20.2% in the past year.

Further, a phase II study (SEECASE) evaluating the efficacy, safety and tolerability of NOV03 ophthalmic solution in patients with DED associated with MGD was published. In the study, NOV03 met its primary efficacy endpoint of statistically significant improvement of total corneal fluorescein staining over control at eight weeks.It also showed statistically significant improvement in some symptoms, including the severity and frequency of dryness, burning and stinging of the eyes. The results from the SEECASE study support NOV03 as a potential new treatment option for patients with DED associated with MGD.

Bausch Health and Bausch + Lomb have an exclusive license in the United States and Canada for the commercialization and development of NOV03, which is based on Novaliq’s EyeSol technology.

There are several companies developing products for the treatment of dry eye disease. AbbVie’s ABBV Restasis (added to the portfolio with the acquisition of Allergan) is already marketed for the treatment of dry eye disease. However, Restasis has several patents that are set to expire in 2024. Aerie Pharmaceuticals AERI is evaluating AR-15512 ophthalmic solutionfor the treatment of patients withdry eye disease.

Zacks Rank & a Stock to Consider

Bausch Health currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the healthcare sector includes Acorda Therapeutics Inc. (ACOR) carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Acorda’s loss per share estimates have narrowed from $9.66 to $8.48 for 2020 and from $9.60 to $7.33 for 2021 over the past 60 days.

Bausch Health Cos Inc. Price

Bausch Health Cos Inc. Price
Bausch Health Cos Inc. Price

Bausch Health Cos Inc. price | Bausch Health Cos Inc. Quote

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Acorda Therapeutics, Inc. (ACOR) : Free Stock Analysis Report
 
AbbVie Inc. (ABBV) : Free Stock Analysis Report
 
Aerie Pharmaceuticals, Inc. (AERI) : Free Stock Analysis Report
 
Bausch Health Cos Inc. (BHC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research