Aerie Pharmaceuticals, Inc. (NASDAQ:AERI), a clinical-stage
pharmaceutical company focused on the discovery, development and
commercialization of first-in-class therapies for the treatment of
patients with glaucoma and other diseases of the eye, announced today
that it has been selected for addition to the NASDAQ Biotechnology
Index® (NASDAQ:^NBI), which will become effective upon market open on
Monday, December 22, 2014.
The NASDAQ Biotechnology Index is designed to track the performance of a
set of NASDAQ-listed securities that are classified as either
biotechnology or pharmaceutical according to the Industry Classification
Benchmark. The NASDAQ Biotechnology Index is re-ranked annually. The
NASDAQ Biotechnology Index is the basis for the iShares NASDAQ
Biotechnology Index Fund (NASDAQ:IBB), which seeks investment results
that correspond generally to the price and yield performance, before
fees and expenses, of the NASDAQ Biotechnology Index. In addition,
options based on the iShares NASDAQ Biotechnology Index Fund trade on
various exchanges. For more information about the NASDAQ Biotechnology
Index please visit https://indexes.nasdaqomx.com/Index/Overview/NBI.
About Aerie Pharmaceuticals, Inc.
Aerie is a clinical-stage pharmaceutical company focused on the
discovery, development and commercialization of first-in-class therapies
for the treatment of patients with glaucoma and other diseases of the
eye. The Company is conducting two Phase 3 registration trials in the
United States, named “Rocket 1” and “Rocket 2,” where the primary
efficacy endpoint will be to demonstrate non-inferiority of IOP lowering
for RhopressaTM compared to timolol, along with a third Phase
3 registration safety-only trial, named “Rocket 3,” in Canada.
The Company also completed in June 2014 a Phase 2b clinical trial where
RoclatanTM met the primary efficacy endpoint, demonstrating
the statistical superiority of RoclatanTM to each of its
components. RoclatanTM is a fixed-dose combination of
RhopressaTM with latanoprost, the market-leading PGA, and we
believe, if approved, has the potential to provide a greater
IOP-lowering effect than any currently approved glaucoma product. Phase
3 registration trials for RoclatanTM are expected to commence
in mid-2015. Preparatory steps for these trials are in progress and on
schedule.
Forward-Looking Statements
This press release contains forward-looking statements for purposes of
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. We may, in some cases, use terms such as “predicts,”
“believes,” “potential,” “proposed,” “continue,” “estimates,”
“anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,”
“will,” “should,” “exploring,” “pursuing” or other words that convey
uncertainty of future events or outcomes to identify these
forward-looking statements. Forward-looking statements include
statements regarding our intentions, beliefs, projections, outlook,
analyses or current expectations concerning, among other things: the
success, timing and cost of our ongoing and anticipated preclinical
studies and clinical trials for our current product candidates,
including statements regarding the timing of initiation and completion
of the studies and trials; our expectations regarding the clinical
effectiveness of our product candidates and results of our clinical
trials; the timing of and our ability to obtain and maintain U.S. Food
and Drug Administration or other regulatory authority approval of, or
other action with respect to, our product candidates; our expectations
regarding the commercialization of our product candidates; our
expectations related to the use of proceeds from our initial public
offering and the issuance and sale of our senior secured convertible
notes; our estimates regarding anticipated capital requirements and our
needs for additional financing; the potential advantages of our product
candidates; our plans to pursue development of our product candidates
for additional indications and other therapeutic opportunities; our
plans to explore possible uses of our existing proprietary compounds
beyond glaucoma; and our ability to protect our proprietary technology
and enforce our intellectual property rights. By their nature,
forward-looking statements involve risks and uncertainties because they
relate to events, competitive dynamics and industry change, and depend
on regulatory approvals and economic circumstances that may or may not
occur in the future or may occur on longer or shorter timelines than
anticipated. We discuss many of these risks in greater detail under the
heading “Risk Factors” in the quarterly and annual reports that we file
with the Securities and Exchange Commission (SEC). Forward-looking
statements are not guarantees of future performance and our actual
results of operations, financial condition and liquidity, and the
development of the industry in which we operate may differ materially
from the forward-looking statements contained in this press release. Any
forward-looking statements that we make in this press release speak only
as of the date of this press release. We assume no obligation to update
our forward-looking statements whether as a result of new information,
future events or otherwise, after the date of this press release.
Copyright Business Wire 2014