Regulatory milestones

Alimera Science Inc. (NASDAQ:ALIM) fell $0.23 to $2.48 on Friday after FDA issued a complete response letter for an NDA for Iluvien fluocinolone acetonide intravitreal implant to treat diabetic macular edema. Alimera said FDA requested an additional clinical trial plus at least 12 months of follow-up. Alimera has rights to Iluvien from pSivida Corp. (NASDAQ:PSDV; ASX:PVA), which lost $0.93 (24%) to $2.87 on Friday. In Australia, the stock was down A$0.52 (12%) to A$3.84.