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EyePoint faces class action after Phase 3 trial failures cause stock to plunge over 85%.

Market News
11 Nov 2026, 00:25 WIB
GlobeNewsWire
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Bearish
EyePoint faces class action after Phase 3 trial failures cause stock to plunge over 85%.

EyePoint, Inc. is under investigation by Pomerantz LLP for potential securities fraud following two failed Phase 3 clinical trials of its drug Duravyu for wet age-related macular degeneration. The first trial results in August showed the drug did not meet its primary endpoint, causing the stock to drop nearly 67%. The second trial in October also failed, leading to an 85% stock plunge and major cost-cutting including program termination and workforce reduction. Investors are advised to contact the law firm regarding possible claims. This case highlights risks in biotech investments tied to clinical trial outcomes.

EyePoint, Inc. is the subject of an investor alert, and here is Pluang's health sector market snapshot as of Nov 11, 2026 04:52 WIB: Among 150 priced US health stocks, 49 rose and 100 fell. Notably, HIMS fell 17.18% to USD 19.00 with a Pluang order activity split of 41% Sell and 59% Buy, contrasting with WGS which dropped 16.08% to USD 55.15 but had 100% Buy orders. INO also declined 13.91% to USD 1.30, with 28% Sell and 72% Buy activity and the longest typical hold time of 41 days on Pluang.

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