Aerie Pharmaceuticals Delivers Mixed Result; Focus On International Expansion
Durhan, NC: Aerie Pharmaceuticals, Inc. (NASDAQ:AERI), a scientific stage pharmaceutical firm targeted on offering therapies for the therapy of eye-related illnesses, launched its quarterly outcomes for the interval ended December 31,2018. The firm delivered its third consecutive blended outcome with a income beat however with an earnings miss. The administration reported a complete income of $14.46 million which was $1.52 million increased than analyst expectations. There was no different level of comparability as the corporate was at zero revenues within the corresponding quarter of the earlier yr. As a matter of truth, Aerie has started producing optimistic revenues from the second quarter of 2018. The firm continues to be loss-making and reported a damaging EPS of $-0.92 which was 2 cents beneath the analyst consensus estimate as per Factset information.
Aerie is actually identified for two ophthalmic therapies – Rhopressa and Roclatan. The administration, led by CEO Vicente J. Anido, Jr, is targeted on worldwide growth actions with the continuing Rocklatan Mercury 3 Phase 3 scientific trial in Europe, and growth into Japan with the Rhopressa Phase 2 scientific trial commencing in March 2019 in preparation for potential regulatory submission in Japan. The firm additionally has an fascinating pipeline when it comes to its retina program with preclinical candidate AR-1105 scientific trials anticipated to start in March 2019 for retinal vein occlusion. The investigational new drug software for AR-13503 is predicted to be filed with the US FDA in March 2019. If the appliance goes via, the corporate shall start scientific trials within the second quarter of 2019 for moist age-related macular degeneration and diabetic macular edema.
Overall, it may be mentioned that there are a variety of thrilling occasions surrounding Aerie which are anticipated to happen within the first two quarters of 2019.