Eyenovia announces Formosa granted Taiwan Export License

Eyenovia announced that its strategic partner, Taiwan-based Formosa Pharmaceuticals, was granted a Taiwan Export License for clobetasol propionate ophthalmic suspension 0.05% to allow for shipment of commercial product to the U.S. “Clobetasol is the first new ophthalmic steroid to be approved in the U.S. in over 15 years, with benefits that may position it as a leading choice for postsurgical care,” said Dr. Francis S. Mah, Director of the Cornea Service at Scripps Clinic in La Jolla, California and member of the Eyenovia Scientific Advisory Board. “Clinical studies have shown that 80% of patients experienced rapid, complete relief from postsurgical pain within four days of the procedure, and 60% achieved total resolution of inflammation within 15 days after surgery. From a safety perspective, fewer than 1% of patients experienced an increase in eye pressure, a side effect of concern to ocular surgeons and commonly associated with steroids.”