Kala Pharmaceuticals Stock Surges 16% as FDA Accepts Drug Application For Eye Condition
Shares of $Kala Pharmaceuticals Inc.$ shot up 16% in morning trading, after the biopharmaceutical company said the Food and Drug Administration accepted its investigational new drug application for KPI-012, its treatment of persistent corneal epithelial defect .With the acceptance, the company said late Tuesday that it is now turning its focus to clinical execution, and is looking to initiate a Phase 2 trial KPI-012 in the first quarter of 2023.Also with the IND acceptance and under terms of a