Galimedix grants Théa rights to small molecule eye drug
Théa Open Innovation (TOI) and Galimedix Therapeutics have announced the signing of a licensing agreement.
Galimedix, a US biotech focused on neurodegenerative diseases of the eye and central nervous system, will grant exclusive rights for the development and commercialization of GAL-101 to TOI, which is the sister company of ophthalmic specialty pharmaceutical company Laboratoires Théa.
GAL-101 is Galimedix’ lead disease-modifying compound, for the topical and oral treatment of dry age-related macular degeneration (AMD), glaucoma and other ophthalmic indications with high unmet medical need. The small molecule drug is ready to enter clinical Phase II/III trials.
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