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Novartis commits $1bn for ex-US rights to Ophthotech AMD drug

 
• By Mandy Jackson

Ophthotech will almost double its cash balance with a $200m upfront payment and $130m in near-term milestone fees under a deal worth up to $1.03bn plus royalties that gives Novartis ex-US rights to Fovista for wet age-related macular degeneration (AMD).

Ophthotech will almost double its cash balance with a $200m upfront payment and $130m in near-term milestone fees under a deal worth up to $1.03bn plus royalties that gives Novartis ex-US rights to Fovista for wet age-related macular degeneration (AMD).

New York-based Ophthotech had $290.8m in cash as of 31 March, which previously would have carried the company until 2016...

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• By Eleanor Malone

Editor’s note: This is your final call to participate in the survey to better understand our subscribers’ content and delivery needs. The deadline is 20 September.

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• By Andrew McConaghie

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• By Kevin Grogan

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• By Dexter Jie Yan

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