Home Top Movers Aldeyra Therapeutics, Inc. (ALDX) Stock Prices Surge After News of Clinical Trial...

Aldeyra Therapeutics, Inc. (ALDX) Stock Prices Surge After News of Clinical Trial Success

Aldeyra Therapeutics, Inc. (ALDX) stock prices were up 4.81% as of market close on April 26th, 2021 bringing the price per share up to USD$11.11. Subsequent pre-market fluctuations have seen the stock price surge by 21.78%, bringing it up to USD$13.53.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Success of INVIGORATE Clinical Trial

The sharp increase in ALDX stock prices came hot on the heels of the news of positive top-line results from the third phase of INVIGORATE Clinical Trial, reproxalap. The IND designed as a treatment for patients with allergic conjunctivitis was the source of resounding success when the clinical trials successfully achieved statistical significance for its primary endpoint, as well as for every secondary endpoint.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

What’s Next for INVIGORATE?

The company hopes to submit a New Drug Application in the second half of 2021 following a discussion with the U.S. Food and Drug Administration in regard to INVIGORATE results from clinical trials. Current and prospective investors are hopeful that things will go smoothly and the eventual commercialization of reproxalap will bear fruit for both the company and its shareholders.

ALDX’s Public Offering

ALDX announced the completion of its public offering at the beginning of 2021, wherein it put up 7,868,421 shares of its common stock for sale at USD$9.50 per share. Underwriters were also granted the option to purchase up to 1,026,315 shares of common stock in the event of over-allotments. The offering generated USD$74.7 million in gross proceeds with USD$4.7 million in costs associated with the offering. The funds will be allocated primarily to the development of reproxalap, as well as other product candidates.

Funding the Future

In addition to the funds generated from the offering, ALDX has reported having cash and cash equivalents equaling USD$77.9 million as of December 31st 2020. With such a solid liquidity position the company anticipates being able to sustain itself through to the end of 2023, with enough funds to ensure the funding of its many clinical trials currently underway.

Myriad of Clinical Trials Underway

Of the many clinical trials in varying stages of completion, TANQUILITY and TRANQUILITY-2 are clinical trials for the treatment of dry eye disease and are in Phase 3; whereas the GUARD clinical trial I in the first part of its adaptive Phase 3 in proliferative vitreoretinopathy. Furthermore, the company is working on Phase 2 clinical trials of ADX-629 for the treatment of psoriasis, atopic asthma, and, perhaps most significantly, COVID-19.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for ALDX

With hugely successful completion of the INVIGORATE clinical trial, a sound liquidity position, and diversification into the treatment of the global COVID-19 pandemic, ALDX is situated to have a prosperous 2021. Investors are hopeful for the continued success of clinical trials and expect to see the company manage to significantly sustain growth in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Here is why GreenSky Inc. (GSKY) shares went up on Friday?

GreenSky Inc. (GSKY) shares were jumped 5.63% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $6.94 per share. in...

Here is why OPKO Health Inc. (OPK) stock plunged on Thursday?

OPKO Health Inc. (OPK) shares lost 7.24% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $3.46 per share. in...

Why Electrameccanica Vehicles Corp. (SOLO) stock performed well on Wednesday?

Electrameccanica Vehicles Corp. (SOLO) shares gained 5.71% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $3.70 per share. in...

Encore Wire Corporation Inc. (WIRE) stock surges during current market. Here’s to know why?

Encore Wire Corporation Inc. (NASDAQ: WIRE) stock gained by 11.10% in the current market trading session. Encore Wire Corporation is a prominent manufacturer of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam