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Ocumension Enters $77 Million Deal for Stem Cell Therapies from Japan's SanBio

publication date: Apr 1, 2020

Ocumension, a Hong Kong ophthalmology company, partnered with Japan's SanBio to develop novel stem cell therapies for ophthalmic diseases in an agreement worth up to $77 million. The two companies will work together to develop SanBio’s proprietary modified mesenchymal stem cell candidates to treat retinitis pigmentosa, dry age-related macular degeneration and optic neuritis. Ocumension will pay $6 million upfront with the remaining development costs split evenly between the companies. Ocumension, which will also be responsible for $71 million in milestones and China clinical trials, will own China rights to the candidates for ophthalmic indications. More details....

Stock Symbol: (TSE: 4592)

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