DelSiTech announces a collaboration with Visus Therapeutics for the development of therapies in Ophthalmology

▴ DelSiTech announces a collaboration with Visus Therapeutics for the development of therapies in Ophthalmology
Latest Pharma News Upate

DelSiTech Ltd, the leader in silica based ophthalmic drug delivery technologies with its headquarters in Turku, Finland, and Visus Therapeutics, Inc., a Seattle-based American clinical-stage company developing innovative eye care solutions for patients globally, today announced an exclusive licensing and collaboration agreement pertaining to the development of a range of novel long-acting ocular therapeutics. The agreement, exclusive to therapeutic assets held by Visus Therapeutics, signals the continued commitment of both parties to develop leading solutions for patients around the world across six unique development programs targeting the management of ocular diseases of the back and front of the eye.

Management of ocular disorders affecting the posterior segment continues to pose a central challenge in drug development today. Ailments can be highly debilitating and significantly lessen patients’ quality of life or even lead to blindness if left untreated, while treatments remain highly invasive. Additionally, ocular diseases of the anterior segment can be equally debilitating and represent significant burdens on public health; however, current treatment options can be extremely inefficient with regimens requiring excessive daily dosing, a regimen that is also often deviated from due to lifestyle and routine, hindering the treatment’s efficacy.

The development of effective remedies, while challenging, relies heavily on innovative approaches taken by ophthalmology centric companies such as Visus Therapeutics. Furthermore, the need for long-term therapeutic relief for typically chronic ocular disorders has remained largely unaddressed, perpetuating the significant treatment burdens experienced by patients receiving frequent intra-ocular injections or demanding topically administered regimens.

“By expanding our portfolio to include investigational drugs for glaucoma and age-related macular degeneration and leveraging this innovative drug delivery technology, Visus is well positioned to develop a new generation of therapies that could potentially change the standard of care for these sight-threatening conditions,” said Ben Bergo, co-founder and Chief Executive Officer at Visus Therapeutics. “This represents a significant step forward in our strategy as we evolve into an innovation-driven ophthalmic platform company armed with differentiated, patent-protected assets driven by a world-class leadership team.”

DelSiTech’s Silica Matrix, an innovative drug delivery technology platform, enables the long-acting controlled release of both small drug molecules as well as biologics in a wide range of tissues, including the intravitreal space inside the eye, for durations in excess of several months, presenting an alternative to frequent invasive procedures, or in the case of topical treatments, truly once daily dosing. Many small molecule drugs are poorly retained in the eye, often eliminated in a matter of hours from the vitreous body or less in the case of topically administered treatments. In these instances, a controlled release dosage form would be the only viable option for treating the diseases of the posterior and anterior segment.

Dr Lasse Leino, Chief Executive Officer of DelSiTech commented, “DelSiTech has a long-standing keen focus on ophthalmic drug delivery, as an area where we feel that patients still remain largely unsupported. This critical unmet need continues to motivate us to forge alliances with leading ophthalmic drug developers such as Visus Therapeutics, who are able to create solutions at the forefront of ophthalmic research. We are truly excited to be playing a role in the future of long-acting ophthalmic medicines, now with this agreement, across such a substantive range of products.”

Tags : #Delsitech #VisusTherapeutics #Opthalmology #smitakumar #medicircle

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Sexual wellness superstore, Love Depot launches digital campaign to deliver every desireMarch 28, 2024
Recharge Your Life: Simple Ways to Boost Your Physical and Mental EnergyMarch 28, 2024
The Neurological Toll of Common Household Chemicals: Insights from Recent ResearchMarch 28, 2024
The Aging Puzzle: Decoding the Mechanisms of AgingMarch 28, 2024
The Double-Edged Sword of Kala-azar Treatment: Shedding Light on Eye ComplicationsMarch 28, 2024
FTCCI Launches Industry-Academia Connect to improve the employability of Engineering Graduates and address the growing demand for Talent in Emerging TechMarch 27, 2024
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy SystemMarch 27, 2024
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy SystemMarch 27, 2024
2nd Edition of IIFL JITO Ahimsa Run for peace & for non-violence to be held on 31st MarchMarch 27, 2024
Brij Hotels Announced 4 Million in Series A Funding March 27, 2024
Combatting Childhood Sedentariness: The Key to Preventing Premature Vascular DamageMarch 27, 2024
Crucial Findings: Unlocking Paths to Combat Ebola's DevastationMarch 27, 2024
Guarding Against Disease: The Crucial Role of Oral Hygiene in Preventive HealthcareMarch 27, 2024
Sanofi & Cipla announce exclusive distribution partnership to expand reach of CNS portfolio in IndiaMarch 26, 2024
Surmandal's Tribute to the Legends of Hindustani Classical MusicMarch 26, 2024
In Moscow, over 350,000 mammograms have been analyzed using artificial intelligence as part of the compulsory health insurance programMarch 26, 2024
Embark on a Creative Journey: "Kala For A Cause" Unveils Pottery Workshop Series March 26, 2024
Healthtech pioneer Aurora Innovation appoints new CEO – expands in Europe with service that streamlines patient-healthcare interactionMarch 26, 2024
In A Rare Feat, 45 YO Woman Walks Within 6 Hrs. Of Dual Robotic Surgery In A Single Operation At HCGMCCMarch 26, 2024
Improve Cancer Care through Automated CT Analysis: Oncoshield – CTMarch 26, 2024