FDA Approves Second Geographic Atrophy Drug, Setting Stage for Astellas and Iveric Bio Showdown

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Source: Endpoints News
FDA Approves Second Geographic Atrophy Drug, Setting Stage for Astellas and Iveric Bio Showdown
Photo: Endpoints News
TL;DR

The FDA has approved Iveric Bio's geographic atrophy treatment, making it the second drug to be cleared for a leading cause of blindness. Iveric Bio will launch the treatment, called Izervay, in the coming weeks at a cost of $2,100 per single-dose vial. This approval strengthens the case for Astellas' recent acquisition of Iveric Bio and follows a previous approval for competitor Apellis.

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