Théa and OliX partner on RNAi therapies for AMD
South Korean RNAi therapeutics developer OliX Pharmaceuticals (Kosdaq: 226950) has signed a license and collaboration agreement with Théa Open Innovation, a sister company of France-headquartered Laboratoires Théa, to develop and commercialize OLX301A, a novel treatment for age-related macular degeneration (AMD).
Under the agreement, OliX receives a non-refundable and non-creditable upfront payment of 2 million euros ($2.3 million) and is eligible to receive milestone payments based on the achievement of clinical milestones, plus royalty for the development and commercialization.
Dong-ki Lee, the founder and chief executive of OliX, stated: "OliX's cp-asiRNA platform technology is an RNAi platform optimal for the development of ocular therapeutics, which can circumvent potential side effects arising from the existing siRNA technology. The collaboration with Théa proves that OliX's ophthalmology RNAi platform has been recognized in global pharmaceutical market, and we will continue to expand pipelines for eye diseases."
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