Formosa Pharmaceuticals Announces Licensing Agreement with Eyenovia, Inc., for the Commercialization of APP13007 for the Treatment of Inflammation and Pain Following Ocular Surgery
- None.
- None.
APP13007's active ingredient is the superpotent corticosteroid, clobetasol propionate, and is derived from Formosa Pharma's proprietary APNT™ nanoparticle formulation platform. The novel formulation enables a convenient and straightforward dosing regimen (twice daily for 14 days) while providing rapid and sustained relief of inflammation and pain, which in Phase 3 trials proved statistically and clinically superior to its matching placebo (p<0.001). If approved, APP13007 will enter a
"Formosa Pharma enters this partnership with Eyenovia with great enthusiasm. We are excited about Eyenovia's bold and creative marketing strategies, and as a result are confident that APP13007 will realize its potential in providing a formidable choice for ophthalmologists and patients recovering from ocular surgery," said Erick Co, President and CEO of Formosa Pharmaceuticals. "The complementarity of each company's products, as well as corporate strategies, lays the foundation for a long-term and rewarding alliance benefiting our stakeholders."
"We also acknowledge and thank our development colleagues at AimMax Therapeutics, for their expert guidance and enabling the program's progress," Dr. Co added.
"We are pleased to have entered into this agreement with our development partner, Formosa Pharmaceuticals, to acquire the
About Formosa Pharmaceuticals, Inc.
Formosa Pharmaceuticals, Inc. (6838.TWO) is a clinical stage biotechnology company with primary focus in the areas of ophthalmology and oncology. The company's proprietary nanoparticle formulation technology (APNT™), through which APP13007 was developed, improves the dissolution and bioavailability of APIs for topical, oral, and inhaler administration. Resulting formulations have high uniformity, purity, and stability, thereby allowing the utilization of poorly soluble or extremely potent drug agents which otherwise may face insurmountable challenges in delivery and penetration to target tissues. For more details about Formosa Pharma and APNT™, visit www.formosapharma.com.
About Eyenovia, Inc.
Eyenovia, Inc. (NASDAQ: EYEN) is a commercial stage ophthalmic pharmaceutical technology company developing a pipeline of microdose array print therapeutics. Eyenovia is currently focused on the commercialization of Mydcombi™ for mydriasis, as well as the ongoing late-stage development of medications in the Optejet® device for presbyopia and myopia progression. For more information, visit Eyenovia.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/formosa-pharmaceuticals-announces-licensing-agreement-with-eyenovia-inc-for-the-commercialization-of-app13007-for-the-treatment-of-inflammation-and-pain-following-ocular-surgery-301901739.html
SOURCE Formosa Pharmaceuticals Inc.
FAQ
What is the licensing agreement between Formosa Pharmaceuticals and Eyenovia about?
What is the value of the deal between Formosa Pharmaceuticals and Eyenovia?
What is the current status of APP13007?
What is the market potential for APP13007?
What is the active ingredient in APP13007?
What are the advantages of APP13007?
What is the significance of the partnership between Formosa Pharmaceuticals and Eyenovia?
What is the role of AimMax Therapeutics in the development of APP13007?
How does Eyenovia view the acquisition of APP13007?