Apellis Pharmaceuticals Surges On New Review Date For Eye-Disease Treatment

The new review date is actually a delay at Apellis' behest. Earlier this month, Apellis said it planned to send 24-month test data from studies called Derby and Oaks in its request for approval of the drug, dubbed pegcetacoplan. Pegcetacoplan is being developed for patients with geographic atrophy, a progressive disease that impacts vision and often leads to blindness.