Outlook Eyes Blockbuster-Sized Sales For An Old Eye Drug In Wet-AMD

The company is seeking FDA approval for a first-time ophthalmic formulation of bevacizumab and also refiled its BLA.

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Outlook refiled a BLA for bevacizumab for wet-AMD • Source: Shutterstock

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 Outlook said in May that it had voluntarily withdrawn the BLA after discussions with the FDA, assuring investors at the time that it would re-file the application by September, a goal the company appears to have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

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