By Colin Kellaher

 

AbbVie Inc.'s Allergan unit Wednesday said a pair of phase 3 studies of its AGN-190584 ophthalmic solution met their primary efficacy endpoint in the treatment of symptoms associated with the progressive eye condition presbyopia.

Allergan said a statistically significant greater proportion of participants in the studies showed improvement in near vision.

Allergan, which AbbVie acquired earlier this year in a $63 billion deal, said the studies will serve as the basis for a new drug application with the U.S. Food and Drug Administration in the first half of 2021.

Allergan said roughly 128 million people in the U.S. experience presbyopia, which reduces the eye's ability to focus on near objects and usually impacts people after age 40.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 28, 2020 08:51 ET (12:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
AbbVie (NYSE:ABBV)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more AbbVie Charts.
AbbVie (NYSE:ABBV)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more AbbVie Charts.