Novartis licenses dry eye therapy based on Phase II data
Swiss pharma giant Novartis (NOVN: VX) has exercised an option to license ECF843 for ophthalmic indications worldwide (outside Europe).
ECF843 is a particular kind of protein, developed by the privately-held American firm Lubris BioPharma, designed to provide relief from dry eye.
In a small Phase II clinical study, the product candidate demonstrated the potential to provide immediate improvement of symptoms.
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