Category: Market/Novel Tech

Month: 16 May 2012

Issue: not yet available

French company, NicOx builds capability in developing global ophthalmics business

NicOx (NYSE Euronext Paris: COX), a French pharmaceutical company based in Sophia Antipolis, has announced the purchase of an 11.8% equity stake in the Cambridge, UK based ophthalmic specialist company, Altacor. The £2M(sterling) cash transaction provides NicOx with an exclusive option, up until May 31st, 2012, to acquire the remaining shares in Altacor for an additional £9M. If the full purchase is completed the company may be eligible for milestone payments with an estimated value of £8.5M. Altacor promotes the prescription products Clinitas and Clinitas gel for dry eye conditions and has a pipeline of products for ocular surface disease, ocular infection and glaucoma, including “ALT-005”, an ophthalmic surgical antiseptic solution currently in a phase III trial.

Back to previous

Related News

Gearoid Tuohy

editor

by Dr. Gearóid Tuohy   Dear EURETINA Members,   A very warm welcome to the December 4th, 2017 edition of EURETINA’s web-based digital magazine, “EURETINA Brief”. EURETINA are delighted to continue our delivery of up-to-date summary briefs on a range of topics of interest to retinal clinicians, specialists and researchers across Europe. This resource is […]