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Kala Pharmaceuticals shares soar after FDA approves trial for drug to treat PCED

Por: CBS News Health December 29, 2022

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Shares of Kala Pharmaceuticals surged Wednesday after the small biotechnology company announced a drug candidate for a rare eye disease.The Food and Drug Administration has accepted Kala's investigational drug application for KPI-012, a potential treatment for persistent corneal epithelial defect, or PCED, the Arlington, Massachusetts-based company announced on Tuesday. Kala shares soared $9.45, or 266%, Wednesday to $13.52.... + full article



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