EyeGate licenses EGP-437 combination product in uveitis to Valeant

10 July 2015

US specialty drugmaker EyeGate Pharmaceuticals (Nasdaq: EYEG) has entered into an exclusive, worldwide licensing agreement with a subsidiary of Canada’s Valeant Pharmaceuticals International (TSX: VRX).

Valeant has been granted worldwide commercial and manufacturing rights to the EyeGate II Delivery System and EGP-437 combination product in the field of uveitis, as well as a right of last negotiation to license the product for other indications. EGP-437 is a reformulated dexamethasone phosphate solution that uses a proprietary novel drug delivery system.

EyeGate shares rose 1.9% to $6.60, while Valeant gained 2.6% to $290.93 in early trading following the news on Friday.

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