UNITED STATES
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CURRENT REPORT
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Item 8.01 Other Events
On December 21, 2023, Aldeyra Therapeutics, Inc. (“Aldeyra”) announced that pursuant to the previously disclosed Exclusive Option Agreement (the “Option Agreement”) by and between AbbVie Inc. (“AbbVie”) and Aldeyra dated as of October 31, 2023 (the “Effective Date”), AbbVie has extended the period (the “Exercise Period Extension”) during which it may exercise its option (the “Option”) to enter into the Co-Development, Co-Commercialization and License Agreement with Aldeyra in the form attached to the Option Agreement (the “License Agreement”) by paying Aldeyra a non-refundable payment of $5 million (the “Option Extension Fee”). As a result of the Exercise Period Extension, AbbVie may exercise the Option by delivering written notice to Aldeyra at any time during the period following the Effective Date until the earlier of (a) the tenth (10th) business day after the date, if any, that Aldeyra receives approval from the U.S. Food and Drug Administration of its new drug application for reproxalap in dry eye disease and (b) the date that is eighteen (18) months after the Effective Date. If the License Agreement is entered into, the Option Extension Fee will be credited against the upfront cash payment payable by AbbVie.
The foregoing summary of the Option Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of such agreement. Aldeyra expects to file a copy of the Option Agreement, including the form of License Agreement attached as an exhibit thereto, subject to any applicable confidential treatment, as an exhibit to its Annual Report on Form 10-K for the year ending December 31, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ALDEYRA THERAPEUTICS, INC. | ||
| By: | /s/ Todd C. Brady | |
| Name: Todd C. Brady, M.D., Ph.D. | ||
| Title: Chief Executive Officer | ||
Dated: December 21, 2023