Sale of Omidria could help Omeros push past FDA rejection

3 December 2021

Shares of Omeros Corporation (Nasdaq: OMER) rose 7% on Thursday, after the Seattle, USA-based company said it had agreed to sell Omidria (phenylephrine/ketorolac).

Rayner Surgical Group has agreed to pay $125 million upfront, with an additional $200 million in a commercial milestone payment, for the ophthalmic product.

Omidria was approved in the USA in 2014, and in the European Union in 2015, for use in cataract surgery and lens replacement procedures and to reduce postoperative eye pain.

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