Ocuphire inks license deal with Famy for Nyxol eye drops
Ocuphire Pharma’s (Nasdaq: OCUP) leapt nearly 27% to $2.65 in pre-market activity this morning, in reaction to its conclusion of an exclusive license agreement with FamyGen Life Sciences (Famy) for the development and commercialization of Nyxol (phentolamine mesylate) across three indications in USA, Europe, Japan, India, China and other global markets.
In connection with its separately announced deal to acquire Famy, Viatris (Nasdaq: VTRS) has agreed to commercialize Nyxol following each regulatory approval.
“Famy and Ocuphire have been engaging for several months, in a collaborative spirit, to conclude this agreement. This partnership provides a clear pathway to completing development and regulatory activities and executing a successful US and global commercial launch of Nyxol through Viatris,” said Mina Sooch, founder and chief executive of Ocuphire.
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