Alcon faces setback on experimental AMD therapy

Shares of Alcon slipped this morning after the eye care giant announced that the FDA would require another trial of its experimental therapy for wet, age-related macular degeneration. Researchers for the company said there were no plans to mount a new trial of Retaane, due to the difficulty of finding volunteers and the presence of other therapies on the market. But it will wrap another trial of Retaane in three months which is focused on the drug's ability to prevent the disease from progressing from the dry form of age-related macular degeneration to the wet form.

- see Alcon's release for more

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