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Novabay sinks on NVC-422 phase II torpedo in viral conjunctivitis

By Marie Powers
Staff Writer

Wednesday, August 20, 2014

Shares of Novabay Pharmaceuticals Inc. plunged 44 percent, to a one-year low of 69 cents, Wednesday morning after the company reported that its NVC-422 (auriclosene) ophthalmic formulation failed to meet the primary and secondary endpoints in a phase II study.

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