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OTLK Stock Surges After FDA Ends Decade-Long Wait For Ophthalmic Bevacizumab

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FDA approved LYTENAVA, the first bevacizumab specifically for eye injections.
LYTENAVA treats wet age-related macular degeneration.
Approval ends a decade-long wait for an ophthalmic version of bevacizumab.
OTLK stock surged following the FDA decision.