ARTICLE | Finance

Highlights of weekly biotech stock moves

Regulatory, clinical and other milestones

May 16, 2011 7:00 AM UTC

Alimera Sciences Inc. (NASDAQ:ALIM) was off $0.04 to $8.36 on Friday after the company resubmitted an NDA to FDA for Iluvien to treat diabetic macular edema. According to Alimera, FDA indicated that the NDA will be classified as a Class 2 resubmission, with a six-month review. In December, the agency issued a complete response letter asking for additional analyses of safety and efficacy data through month 36 from the two Phase III FAME trials of Iluvien.

Alimera lost $0.07 on the week. It has rights to Iluvien from pSivida Corp. (NASDAQ:PSDV; ASX:PVA), which lost $0.03 to $3.85 on Friday and off $0.35 on the week...