OcuMension buys Chinese rights to Alcon dry eye drugs
Shanghai-based OcuMension Therapeutics (HKSE: 1477) has reached an agreement with Alcon (NYSE: ALC) to acquire commercialization rights in China for several of its dry eye products.
The treatments and procedural drops involved include both products that are currently on the market and a development-stage product, broadening OcuMension's portfolio in the Chinese ophthalmology sector.
As part of the deal, Alcon will take a 16.71% stake in OcuMension, making it one of the largest shareholders in the company.
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