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Outlook Therapeutics announced that the U.S. Food and Drug Administration has accepted its formal dispute resolution request related to ONS-5010/LYTENAVA, also known as bevacizumab-vikg.
This move marks a critical step in the company's efforts to address regulatory concerns and advance its wet age-related macular degeneration treatment. The company continues to seek FDA approval for ONS-5010 as a therapy for retinal diseases. Stakeholders will closely watch the outcome of the dispute process, as it could influence Outlook Therapeutics strategy and market position in ophthalmology.
Outlook Therapeutics has moved recently to strengthen its finances. Earlier this year, the company announced a proposed public offering to raise new capital. It later secured $5.0 million through the offering to support ongoing projects and increase financial flexibility.