Oculis' eye drug meets main goal in study

[May 22, 2023]  (Reuters) -Oculis Holding said on Monday its drug to treat a type of eye disorder met its main goal in a late-stage study, sending its shares up about 15% in premarket trading.

The company is testing the drug, ‍OCS-01​, to treat diabetic macular edema which is a leading cause of blindness in patients with diabetes.

Patients treated with the drug showed strong visual gain compared to a vehicle, which is similar to a placebo, Oculis said.

OCS-01 was well-tolerated in the study and the company plans to begin a second part of its late-stage study later this year.

(Reporting by Bhanvi Satija and Pratik Jain in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee)

[© 2023 Thomson Reuters. All rights reserved.]This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.