Nicox and Glaukos Sign Exclusive NCX 1728 Research and Global Licensing Option Agreement
23 September 2024 - 3:30PM
UK Regulatory
Nicox and Glaukos Sign Exclusive NCX 1728 Research and Global
Licensing Option Agreement
Press Release |
Nicox and Glaukos Sign Exclusive NCX 1728 Research and Global
Licensing Option Agreement |
- Option
entitles Glaukos to exclusive global license agreements on
pre-agreed terms including upfront and milestone payments plus
royalties
- Glaukos
to fund and conduct NCX 1728 preclinical research activities
evaluating it in glaucoma (including neuroprotection) and in other
retinal diseases
- Nicox
focused on continued Phase 3 development of lead drug-candidate,
NCX 470
September
23rd, 2024 – release
at 7:30 am CET
Sophia Antipolis, France
Nicox SA (Euronext Growth Paris: FR0013018124,
ALCOX), an international ophthalmology company, today announced
that it has entered into an exclusive research and license option
agreement with Glaukos Corporation for NCX 1728, Nicox’s novel
nitric oxide (NO)-donating phosphodiesterase-5 (PDE5) inhibitor.
Glaukos is a US ophthalmic pharmaceutical and medical device
company focused on novel therapies for the treatment of glaucoma,
corneal disorders and retinal diseases.
“Glaukos possesses expertise in the treatment of ophthalmic
disorders and has unique drug delivery capabilities which could
optimize NCX 1728 for uses including reduction of intraocular
pressure, neuroprotection and as a potential treatment for retinal
diseases. Glaukos is therefore an ideal partner to accelerate the
research and development of this unique compound and deliver on its
therapeutic potential. We look forward to working with Glaukos to
evaluate the use of this novel molecule in multiple different
indications.” said Doug Hubatsch, Chief Scientific
Officer of Nicox.
Under the terms of the agreement, Glaukos will fund the evaluation
of NCX 1728 in a preclinical research program agreed between Nicox
and Glaukos. The program will explore indications for the treatment
of glaucoma, including neuroprotection, and in the treatment of
retinal diseases, with the activities being overseen by a Joint
Steering Committee. Glaukos has an option to license NCX 1728 on an
exclusive global basis for development in these ophthalmic
conditions, which can be exercised within certain specified
periods, the first of which is in 12 months.
The pre-agreed terms, which would initiate upon signature of a
license agreement following Glaukos’s exercise of its option to
license, include standard economic provisions for a license
agreement of this nature.
For further information on Glaukos, please go to
www.glaukos.com.
About NCX 1728
NCX 1728, an NO-donating PDE5 inhibitor, is the lead compound of a
new class of NO-donating molecules in which the NO-mediated effects
are enhanced and prolonged by concomitant PDE5 inhibition in the
same molecule. PDE5 inhibition has been previously shown to enhance
the efficacy and prolong the duration of NO-mediated effects.
|
About Nicox |
Nicox SA is an international ophthalmology company developing
innovative solutions to help maintain vision and improve ocular
health. Nicox’s lead program in clinical development is NCX 470
(bimatoprost grenod), a novel nitric oxide-donating bimatoprost eye
drop, for lowering intraocular pressure in patients with open-angle
glaucoma or ocular hypertension. Nicox generates revenue from
VYZULTA® in glaucoma, licensed exclusively worldwide to Bausch +
Lomb, and ZERVIATE® in allergic conjunctivitis, licensed in
multiple geographies, including to Harrow, Inc. in the U.S., and
Ocumension Therapeutics in the Chinese and in the majority of
Southeast Asian markets.
Nicox, headquartered in Sophia Antipolis, France, is listed on
Euronext Growth Paris (Ticker symbol: ALCOX) and is part of the CAC
Healthcare index.
For more information www.nicox.com |
Analyst coverage |
H.C. Wainwright & Co Yi Chen New York, U.S. |
|
The views expressed by analysts in their coverage of Nicox are
those of the author and do not reflect the views of Nicox.
Additionally, the information contained in their reports may not be
correct or current. Nicox disavows any obligation to correct or to
update the information contained in analyst reports. |
Contacts |
|
Nicox
Gavin Spencer
Chief Executive Officer
T +33 (0)4 97 24 53 00
communications@nicox.com |
Media / Investors
Sophie Baumont
Cohesion Bureau
+33 6 27 74 74 49 sophie.baumont@cohesionbureau.com |
Disclaimer |
The information contained in this document may be modified without
prior notice. This information includes forward-looking statements.
Such forward-looking statements are not guarantees of future
performance. These statements are based on current expectations or
beliefs of the management of Nicox S.A. and are subject to a number
of factors and uncertainties that could cause actual results to
differ materially from those described in the forward-looking
statements. Nicox S.A. and its affiliates, directors, officers,
employees, advisers or agents, do not undertake, nor do they have
any obligation, to provide updates or to revise any forward-looking
statements.
Risks factors which are likely to have a material effect on Nicox’s
business are presented in section 3 of the “Rapport Annuel
2023” which is available on Nicox’s website
(www.nicox.com).
Finally, this press release may be drafted in the French and
English languages. If both versions are interpreted differently,
the French language version shall prevail. |
Nicox S.A.
Sundesk Sophia Antipolis, Bâtiment C, Emerald Square, Rue Evariste
Galois, 06410 Biot, France
T +33 (0)4 97 24 53 00 |
- EN_GlaukosNCX1728OptionAgreement_PR_FINAL
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