ThromboGenics Enters Commercialization Agreement With Alcon
Under the terms of the agreement with Alcon, ThromboGenics will receive an up-front payment of $98 million. The company is also entitled to a further $118 million in potential near-term milestone payments. Additional milestones bring the potential total of up-fronts and milestones to $491 million.
In addition, ThromboGenics will receive royalties on net sales of ocriplasmin that are commensurate with a product that has successfully completed Phase III development and that has been filed for regulatory approval.
Under the agreement, ThromboGenics will have a strategic and focused operational role in the commercialization of ocriplasmin in the five largest European markets, enabling it to build the foundation for an expanding ophthalmology franchise.
In addition to the commercial introduction of ocriplasmin in markets outside the
ThromboGenics has completed an extensive clinical development program, including two successful Phase III studies that have shown that ocriplasmin could play an important role in treating symptomatic VMA, including macular hole. Symptomatic VMA is an increasingly recognized sight-threatening disease of the vitreoretinal interface. VMA may lead to symptoms such as distorted vision, decreased visual acuity, and central visual field defects. VMA can cause traction resulting in anatomical damage, including formation of a macular hole, which may lead to severe visual consequences and central blindness.
Members of the international retina community have already shown great interest in ocriplasmin, as it could for the first time provide them with a pharmacological option to treat patients with symptomatic VMA, including macular hole. The availability of ocriplasmin may also enable retina specialists to treat patients earlier than they do with surgery. This could address a significant unmet need as earlier intervention has been shown to limit the progress of the disease and its related complications. ThromboGenics is confident that ocriplasmin has significant commercial potential, given estimates that more than 300,000 patients in
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