Celtic finalises deal to move Resolvyx' dry eye treatment through Phase III
This article was originally published in Scrip
Executive Summary
Celtic Therapeutic Holdings, the global private equity firm, has finalised an exclusive option deal announced in October with Resolvyx Pharmaceuticals to further develop a RX-10045, a late-stage topical eye-drop that has shown potential for treating dry eye syndrome and other ophthalmic conditions. Under the terms of the deal, Celtic has acquired and licensed worldwide rights to RX-10045 in exchange for up-front consideration, near-term milestone payments, and funding for 100% of future development costs (details of all of which were undisclosed).