Aldeyra reports FY22 EPS ($1.06), consensus ($1.16)

Reports cash, cash equivalents, and marketable securities as of December 31were $174.3M. Based on its current operating plan, Aldeyra believes that existing cash, cash equivalents, and marketable securities will be sufficient to fund currently projected operating expenses into the second half of 2024, including the initial commercialization and launch plans for reproxalap and ADX-2191, if approved, and continued early and late-stage development of Aldeyra’s product candidates in ocular and systemic immune-mediated diseases. "Now with Priority Review Designation for the treatment of primary vitreoretinal lymphoma, ADX-2191 joins reproxalap as the second investigational drug candidate at Aldeyra under NDA review at the U.S. Food and Drug Administration," stated Todd C. Brady, M.D., Ph.D., President and Chief Executive Officer of Aldeyra. "In addition to potential approvals and supplemental NDA submissions, 2023 promises to be a catalyst-rich year for Aldeyra, as we continue to advance an industry-leading pipeline of novel RASP modulators for the treatment of systemic and retinal immune-mediated diseases."