Article: ISTA Gets Approvable Letter On Product To Treat Glaucoma.

Washington Editor

ISTA Pharmaceuticals Inc. expects to enter the $1.1 billion U.S. glaucoma market sometime early next year with its once-daily liquid treatment called Istalol.

High hopes for the future came Monday morning when the Irvine, Calif.-based company released a statement saying the FDA issued an approvable letter for Istalol, a formulation of the beta-blocker timolol developed by Senju Pharmaceutical Co. Ltd., of Osaka, Japan.

ISTA's stock (NASDAQ:ISTA) closed Monday at $7.80, up $1.55, or 24.8 percent.

"Timolol is a well-known product in the U.S. used to treat glaucoma, but this is the first liquid form that is truly used ...

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