Valeant Pharmaceuticals has signed an agreement for global commercial and manufacturing rights to US-based EyeGate Pharmaceuticals’ new technology and EGP-437 combination product candidate to treat post-operative pain and inflammation in occular surgery patients.

Using transscleral iontophoresis to deliver optimal therapeutic levels of drug directly into the targeted ocular tissue, the EyeGate II Delivery System offers a potential alternative to exiting delivery modalities such as eye drops and ocular injections.

The partnership follows an agreement signed in 2015, as part of which Valeant secured a worldwide licence for its subsidiary to the product for uveitis.

Valeant Pharmaceuticals chairman and CEO Joseph Papa said: "We are pleased to extend our relationship with EyeGate, and to obtain the global commercial and manufacturing rights to the EyeGate II Delivery System for the indication of post-operative inflammation and pain in ocular surgery patients.

“We believe that the product has significant potential in the market as part of our Bausch + Lomb business and applaud EyeGate for a remarkable job in advancing the product's development in both uveitis and cataract surgery."

"For the approximately three million cataract surgery patients in the US each year, adherence to the post-operative therapeutic regimen is imperative."

Under the agreement, EyeGate received a cash payment and is also eligible for certain development-based milestone payments, as well as royalties on Valeant's net sales of the product.

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EyeGate will continue developing the technology in the US, while Valeant has the right to further develop the product outside the country.

The company reported positive top-line data from a Phase Ib/IIa trial last year assessing iontophoretic EGP-437 to treat occular inflammation and pain in post-surgical cataract patients.

EyeGate Pharmaceuticals president and CEO Stephen From said: "This second licensing agreement with Valeant provides an important validation of both the clinical and commercial potential of iontophoretic EGP-437.

“For the approximately three million cataract surgery patients in the US each year, adherence to the post-operative therapeutic regimen is imperative."