4D Molecular Therapeutics Inc.’s share price nearly doubled today after a mid-stage trial of its wet age-related macular degeneration gene therapy showed that patients could do without injections of Regeneron Pharmaceuticals, Inc. and Bayer AG’s Eylea (aflibercept), the blockbuster that currently dominates the wet AMD market.
Key Takeaways
- Phase II data on the wet AMD gene therapy 4D-150 exceeded analysts’ wildest hopes
There are plenty of reasons to be cautious about the data, including a lack of dose-response on one of the...







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