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Oculis Eyes Opportunities With Fresh Funding and Novartis Licensing Deal

 
• By Kevin Grogan

As Novartis looks to move out of much of its ophthalmology research with the forthcoming spinoff of Alcon, fellow Swiss firm Oculis has licensed one of its assets and secured new financing to progress its back-of-the-eye treatments.

Spy
Oculis spies a bright future in topical treatments for eye disease • Source: Shutterstock

Oculis has bagged an injection of new cash as well as a promising mid-stage inflammatory eye disease drug from Novartis AG to help the Swiss biotech achieve its goal of becoming a leading player in the ophthalmic space.

On the money front, Oculis has raised a further CHF15.5m (around $15.7m) in an extension of its Series B financing round announced in January last year, bringing the total raised to CHF35.5m

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