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RegeneRx 'closing in' on eye deal but running on empty

 
• By Sukaina Virji

RegeneRx Biopharmaceuticals says it intends to close a deal by the end of January for its Phase II-stage ophthalmic drug candidate, RGN-259, a sterile, preservative-free topical eye drop formulation of Thymosin beta-4 (TB-4). In the meantime, it is undertaking "additional cost-cutting steps to preserve cash during this period".

RegeneRx Biopharmaceuticals says it intends to close a deal by the end of January for its Phase II-stage ophthalmic drug candidate, RGN-259, a sterile, preservative-free topical eye drop formulation of Thymosin beta-4 (TB-4). In the meantime, it is undertaking "additional cost-cutting steps to preserve cash during this period".

More details will be provided in the coming weeks, it added.

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