Outlook Therapeutics, Inc. believes it has a straightforward commercial opportunity on its hands if it can become the first to win US Food and Drug Administration approval for an ophthalmic formulation of bevacizumab, even though the VEGF inhibitor has long seen off-label use to treat wet age-related macular degeneration (AMD) and other retinal diseases, and the market is already highly competitive.
The company announced on 30 August that it has re-filed a biologics license application (BLA) for its bevacizumab formula ONS-5010, which it hopes to market as Lytnava if it receives approval. Outlook said in May that it had voluntarily withdrawn the BLA after discussions with the FDA, assuring investors at the time that it would re-file the application by September, a goal the company appears to have met
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?