FDA Accepts Oyster Point's Varenicline Nasal Spray Application For Review In Dry Eye Disease

  • The FDA has accepted Oyster Point Pharma Inc's (NASDAQ: OYST) marketing application for review. It seeks approval for OC-01 (varenicline) nasal spray to treat signs and symptoms of dry eye disease.
  • The target date is October 17.
  • At present, FDA has stated that it does not intend to hold an advisory committee meeting for this application.
  • OC-01 (varenicline) nasal spray is a highly selective cholinergic agonist.
  • Price Action: OYST shares closed 2.2% higher at $20.25 on Monday.
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