pSivida Takes Another Stab at FDA Approval for Iluvien
As pSivida gears up to begin distribution of its Illuvien eye treatment in Europe, it plans to re-submit its new drug application to the FDA for the drug/device combination.
Watertown, Mass.-based pSivida, which licenses the Iluvien technology to Alimera Sciences  (NSDQ:ALIM ), said the two companies plan to re-submit a new drug application to the FDA by the end of this month.
pSivida and Alimera will use data from 2 completed Phase III trials from the FAME study, which failed to prove safety in previous approval submissions. The federal watchdog agency originally rejected Iluvien back in November 2011 because FAME did not prove that the treatment's benefits outweigh its potential harm, sending shares sliding  on Wall Street.