EyePoint sells Yutiq Alimera Sciences
USA-based ophthalmic diseases specialist EyePoint Pharmaceuticals (Nasdaq: EYPT) saw its share leap 15.4% to $7.40 in pre-market trading today, as it announced a definitive agreement for the sale of Yutiq (fluocinolone acetonide intravitreal implant) 0.18mg to Alimera Sciences (Nasdaq: ALIM).
Yutiq is a treatment for chronic non-infectious uveitis affecting the posterior segment of the eye. Under the terms of the agreement, Alimera will receive global rights to Yutiq outside of China, Hong Kong, Taiwan, Macau and Southeast Asia, where Yutiq is exclusively licensed to Ocumension Therapeutics, and EyePoint will continue to receive royalties from Ocumension for its sales of the product.
Financial terms of the deal
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