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ALDX / Why Is Aldeyra Therapeutics (ALDX) Stock Up 40% Today?

Why Is Aldeyra Therapeutics (ALDX) Stock Up 40% Today?
Aldeyra Therapeutics (NASDAQ: ALDX ) stock is on the rise Wednesday after entering into an exclusive option agreement with AbbVie (NYSE: ABBV ). This agreement covers the option for AbbVie to acquire a co-exclusive license for the development, manufacturing and commercialization of reproxalap in the U.S. It also includes an option for those same rights outside of the U.S. This option agreement sets up Aldeyra Therapeutics to receive payments from AbbVie depending on if it exercises those options. Read More
Posted: Nov 1 2023, 10:34
Author Name: InvestorPlace
Views: 112247

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