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AR-14034 lower dose

Phase 1

Neovascular Age-related Macular Degeneration (nAMD) | Small molecule | Ophthalmology |Alcon Inc.|Last Updated: May 26, 2026

Success Probability
Approval Probability 71%
TA Base Rate26%
Adjusted LOA41%
ML RiskLOW_RISK
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Market & Valuation
rNPV $3.2B
Market Size $9.4B
Revenue Basis $1.6B
Competitors 6
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Trial Design
RandomizedDouble-BlindACTIVE_CONTROLLEDDMC
Total Trials1
Total Enrollment139
FDA Designations
No designations recorded
Clinical Trials (1)
NCT IDTitlePhaseStatusEnrollmentVelocityDesignStartCompletionLast UpdatedSitesCountries
NCT05769153Study of AR-14034 in Participants With Neovascular Age-Related Macular Degeneration (nAMD)PHASE1 ACTIVE NOT_RECRUITING 139Dec 6, 2023Oct 1, 2027May 26, 202642 United States
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Study Endpoints
Primary Endpoints
Mean change from baseline in ETDRS BCVA at the average across two visits, Weeks 44 and 48 (Stage 2)
Baseline, Week 44, Week 48

Visual acuity will be measured after manifest refraction using Early Treatment of Diabetic Retinopathy Study (ETDRS) letter charts in a 4-meter lane under standard illumination. Best corrected visual acuity (BCVA) will be recorded as the number of letters read correctly. The difference between the average across Weeks 44 and 48, and the baseline visit will be reported. One eye (study eye) will contribute to the analysis.

Secondary Endpoints
Mean change from baseline in ETDRS BCVA by visit (Stage 2)
Baseline to Week 56
Mean change from baseline in Central Subfield Thickness (CST) by visit (Stage 2)
Baseline to Week 56
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Study Design & Arms
AllocationRANDOMIZED
MaskingDOUBLE
ModelPARALLEL
PurposeTREATMENT
Treatment Arms
ArmTypeDescription
Cohort 1 (Stage 1)EXPERIMENTALOne intravitreal (IVT) injection of aflibercept 2 mg at Week -1 and one IVT insertion of AR-14034 SR lower dose at Baseline. Up to one retreatment with AR-14034 SR will be administered between Weeks 4 and 36 according to protocol-specified disease activity criteria.
Cohort 2 (Stage 1)EXPERIMENTALOne IVT injection of aflibercept 2 mg at Week -1 and one IVT insertion of AR-14034 SR higher dose at Baseline. Up to one retreatment with AR-14034 SR will be administered between Weeks 4 and 36 according to protocol-specified disease activity criteria.
AR-14034 SR one injection (Stage 2)EXPERIMENTALOne IVT injection of aflibercept 2 mg at Baseline, Week 4, and Week 8, with one IVT insertion of AR-14034 SR at Week 2. Sham procedures will be performed between Baseline and Week 52 when other arms are receiving scheduled treatment injections.
AR-14034 SR two injections (Stage 2)EXPERIMENTALOne IVT injection of aflibercept 2 mg at Baseline, Week 4, and Week 8, with IVT insertions of AR-14034 SR at Week 2 and Week 6. Sham procedures will be performed between Baseline and Week 52 when other arms are receiving scheduled treatment injections.
Aflibercept (Stage 2)ACTIVE_COMPARATOROne IVT injection of aflibercept 2 mg at Baseline, Week 4, Week 8, Week 16, Week 24, Week 32, Week 40, and Week 48. Sham procedures will be performed between Baseline and Week 52 when other arms are receiving scheduled treatment injections.
Interventions
NameTypeDescription
AR-14034 SR implant lower doseDRUGAR-14034 SR administered as an intravitreal implant
AR-14034 SR implant higher doseDRUGAR-14034 SR administered as an intravitreal implant
AR-14034 SR implantDRUGAR-14034 SR administered as an intravitreal implant
Aflibercept InjectionDRUGAflibercept administered as a 2 milligram (mg) intravitreal injection
Sham procedureDRUGNeedleless syringe used to simulate an intravitreal injection
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Eligibility Criteria
Age Range50 Years — N/A
SexALL
Healthy VolunteersNo
Study Sites42

Key Inclusion Criteria \[Stage 1 and Stage 2\]: * Presence of an active choroidal neovascularization (CNV) lesion secondary to age-related macular degeneration (AMD); * Best corrected visual acuity (BCVA) between 80 and 35 letters (20/25 to 20/200 Snellen equivalent) in the study eye; * BCVA greate...

Countries:United States
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Recent Changes (Last 90 Days)
LOWMay 27, 2026NCT05769153primaryCompletionDate: changed
LOWMay 27, 2026NCT05769153primaryCompletionDate: changed
MEDIUMMay 26, 2026NCT05769153Status: RECRUITING → ACTIVE_NOT_RECRUITING
LOWMay 24, 2026NCT05769153studyFirstPostDate: changed